Nuclear Power Is Economically Obsolete
By Grant Smith
Last year the Trump administration's Energy Department announced the launch of a media campaign to counter what an official called "misinformation" about nuclear power. We haven't noticed an upsurge in pro-nuclear news—because there is none to report.
On the first day of 2019, the energy industry trade journal Power asked whether new technology can save nuclear power by making new reactors economically feasible—not only to replace coal and natural gas but also to compete with the rapidly dropping cost of renewable energy. The verdict from Peter Bradford, a former member of the federal Nuclear Regulatory Commission:
. . . [N]ew nuclear is so far outside the competitive range. . . . Not only can nuclear power not stop global warming, it is probably not even an essential part of the solution to global warming.
His bleak outlook is shared by the authors of a recent article in the Proceedings of the National Academy of Sciences. The authors—an engineer, an economist and a national security analyst—reviewed the prospects for so-called advanced designs for large nuclear reactors, and for much smaller modular reactors that could avoid the billions in construction costs and overruns that have plagued the nuclear energy industry since the beginning.
They concluded that no new designs can possibly reach the market before the middle of the century. They cite the breeder reactor that, according to the Bulletin of Atomic Scientists, received $100 billion in public development funds worldwide over six decades and still did not get off the ground.
The authors say there may be an opening for small modular reactors but that it will be very difficult to find a market for these reactors without—as is always the case with nuclear power—a massive infusion of taxpayer dollars. "For that to happen," they argue, "several hundred billion dollars of direct and indirect subsidies would be needed to support their development and deployment over the next several decades, since present competitive energy markets will not induce their development and adoption."
Despite the past failure and poor future outlook, support for more nuclear funding persists. In a recent study, the Energy Department pointed to the $50 billion in federal incentives provided to renewables like solar and wind power between 2005 and 2015, implying that such policies can have a similar impact on modular nuclear reactors. But unlike nuclear power, the costs of wind and solar have dropped dramatically, to the point where the cost of new, unsubsidized utility-scale wind and solar power investment can now compete with that of existing coal and nuclear power plants.
The bigger question is whether nuclear power is needed at all.
Nuclear advocates' claims that nuclear power is required to fight climate change falls short. California met its climate goal of reducing greenhouse gas emissions to 1990 levels by 2020 four years early by turning off its nuclear plants and setting policies that prioritize renewables, energy efficiency and energy storage investments over natural gas plant additions.
An argument advanced in the Energy Department report is that, to ensure that power can be delivered 24/7, large coal and nuclear power plants designed to run day and night—also known as baseload plants—need to be replaced by small nuclear units that run day and night. However, mounting, real-world evidence refutes this assertion.
Recent studies from New York and California show that it is cheaper to invest in renewables, energy efficiency and energy storage in order to replace aging nuclear plants than it is to keep the existing plants running. Savings range from hundreds of millions to billions of dollars—achieved without any impact on electric system reliability.
Nuclear power belongs in a museum. We shouldn't continue to squander public dollars on a technology that will never make economic sense. We should divert resources into improving and deploying wind, solar, energy efficiency and energy storage technology that we know will keep the lights on, effectively reduce carbon emissions and cost what we can afford to pay.
Grant Smith is senior energy policy advisor at Environmental Working Group.
Britain's Prince William interviewed famed broadcaster David Attenborough on Tuesday at the World Economic Forum's annual meeting in Switzerland.
During the sit-down, the 92-year-old naturalist advised the world leaders and business elite gathered in Davos this week that we must respect and protect the natural world, adding that the future of its survival—as well as humanity's survival—is in our hands.
What's more, the accounting firm predicts that another 21 million electric cars will be on the road globally over the next decade due to growing market demand for clean transportation, government subsidies, as well as bans on fossil fuel cars.
By Matthew Savoca
Plastic pollution in the world's oceans has become a global environmental crisis. Many people have seen images that seem to capture it, such as beaches carpeted with plastic trash or a seahorse gripping a cotton swab with its tail.
Greenland is melting about four times faster than it was in 2003, a new study published Monday in the Proceedings of the National Academy of Sciences found, a discovery with frightening implications for the pace and extent of future sea level rise.
"We're going to see faster and faster sea level rise for the foreseeable future," study lead author and Ohio State University geodynamics professor Dr. Michael Bevis said in a press release. "Once you hit that tipping point, the only question is: How severe does it get?"
Finally, some good news about the otherwise terrible partial government shutdown. A federal judge ruled that the Trump administration cannot issue permits to conduct seismic testing during the government impasse.
The Justice Department sought to delay—or stay—a motion filed by a range of coastal cities, businesses and conservation organizations that are suing the Trump administration over offshore oil drilling, Reuters reported. The department argued that it did not have the resources it needed to work on the case due to the shutdown.
Most people have heard of the Amazon, South America's famed rainforest and hub of biological diversity. Less well known, though no less critical, is the Pantanal, the world's largest tropical wetland.
Like the Amazon, the Pantanal is ecologically important and imperiled. Located primarily in Brazil, it also stretches into neighboring Bolivia and Paraguay. Covering an area larger than England at more than 70,000 square miles, the massive wetland provides irreplaceable ecosystem services that include the regulation of floodwaters, nutrient renewal, river flow for navigability, groundwater recharge and carbon sequestration. The wetland also supports the economies of the four South American states it covers.
By Andrea Germanos
Organizers said 35,000 people marched through the streets of the German capital on Saturday to say they're "fed up" with industrial agriculture and call for a transformation to a system that instead supports the welfare of the environment, animals and rural farmers.
By Patrick Rogers
If you have ever considered making the switch to an environmentally friendly electric vehicle, don't drag your feet. Though EV prices are falling, and states are unveiling more and more public charging stations and plug-in-ready parking spots, the federal government is doing everything it can to slam the brakes on our progress away from gas-burning internal combustion engines. President Trump, likely pressured by his allies in the fossil fuel industry, has threatened to end the federal tax credits that have already helped put hundreds of thousands of EVs on the road—a move bound to harm not only our environment but our economy, too. After all, the manufacturing and sale of EVs, hybrids, and plug-in hybrids supported 197,000 jobs in 2017, according to the most recent U.S. Energy and Employment Report.