In the United States, nuclear energy just can’t catch a break. Despite the fact that generating carbon-free energy has never been more important, the nuclear energy industry has been waning for years in the U.S. and now struggles to turn any profit, even while nuclear energy industries are going gangbusters in other countries, most notably Russia and China. Currently, the United States is the largest nuclear energy producer on Earth and is responsible for the production of a whopping one-third of all nuclear energy in the world. But that won’t last for long. Nuclear energy is on the rise globally as it falters in the U.S., and China is set to soar to first place in nuclear production before 2030. “GlobalData Plc predicts that China will pass France as the world’s No. 2 nuclear generator in 2022 and claim the top spot from the U.S. four years after that,” Bloomberg Green reported earlier this week. Now, as many industry experts and energy sector pundits are lobbying for the centralization of renewable energy investment in post-COVID economic recovery plans, nuclear energy–a highly efficient form of energy production with zero greenhouse gas emissions–the faltering U.S. nuclear sector is trying to figure out how to get in on the next phase of the green energy revolution. But it won’t be easy.
Oil Price 6th June 2020 read more »