‘Every euro invested in nuclear power makes the climate crisis worse’. Can nuclear energy help us meet climate goals? The editor of the World Nuclear Industry Status Report, Mycle Schneider, says no. Mycle Schneider: Today we need to put the question of urgency first. It’s about how much we can reduce greenhouse gases and how quickly for every euro ($1.21) spent. So, it’s a combination between cost and feasibility, while doing it in the fastest possible way. And if we’re talking about the construction of new power plants, then nuclear power is simply excluded. Not just because it is the most expensive form of electricity generation today, but, above all, because it takes a long time to build reactors. In other words, every euro invested in new nuclear power plants makes the climate crisis worse because now this money cannot be used to invest in efficient climate protection options. The world’s lowest price for solar power in currently in Portugal, at 1.1 cents per kilowatt hour. And we now have the first results from Spain with costs for wind and solar power at around 2.5 cents per kilowatt hour. These are below the basic operating costs of the vast majority of nuclear power plants around the world. It would often even be affordordable to pay 1 – 1.5 cents per kilowatt hour for electricity storage in addition to the generation costs for wind and solar power and still be below the operating costs of nuclear power plants. And here we have to ask the same question: How many emissions can I avoid with one euro, one dollar or one yuan?
Deutsche Welle 11th March 2021 read more »