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New nuclear - an economic perspective

New nuclear - an economic perspective

This paper discusses the recent events at the Fukushima Nuclear Power Plant, that have brought the safety record of nuclear power under intense public scrutiny. Nuclear power is already playing a substantial role in the decarbonization of the global economy and currently offers the sole cost-comparable, low-carbon alternative to fossil fuels. Despite the cancelation of some nuclear programmes in the wake of Fukushima (e.g. Germany) plans to develop nuclear capacity continue in many western and emerging economies, including the UK, the USA, China and the Middle East. Continuing the debate about the financing, technology, and management of nuclear power projects is therefore paramount if we wish to reduce CO2 emissions while simultaneously satisfying the burgeoning global demand for energy.


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