A fresh look at nuclear energy
We are running out of time, as the Intergovernmental Panel on Climate Change (IPCC) warned last October in a special report, Global Warming of 1.5°C.
National commitments under the 2015 Paris Agreement are only the first
step toward decarbonization, but most countries are already lagging
behind. It is time to take a fresh look at the role that nuclear energy
can play in decarbonizing the world's energy system.
Nuclear
is already the largest source of low-carbon energy in the United States
and Europe and the second-largest source worldwide (after hydropower).
In the September report of the MIT Energy Initiative, The Future of Nuclear Energy in a Carbon-Constrained World,
we show that extending the life of the existing fleet of nuclear
reactors worldwide is the least costly approach to avoiding an increase
of carbon emissions in the power sector. Yet, some countries have
prioritized closing nuclear plants, and other countries have policies
that undermine the financial viability of their plants. Fortunately,
there are signs that this situation is changing. In the United States,
Illinois, New Jersey, and New York have taken steps to preserve their
nuclear plants as part of a larger decarbonization strategy. In Taiwan,
voters rejected a plan to end the use of nuclear energy. In France,
decisions on nuclear plant closures must account for the impact on
decarbonization commitments. In the United Kingdom, the government's
decarbonization policy entails replacing old nuclear plants with new
ones. Strong actions are needed also in Belgium, Japan, South Korea,
Spain, and Switzerland, where the existing nuclear fleet is seriously at
risk of being phased out.
What about the existing electricity sector in
developed countries—can it become fully decarbonized? In the United
States, China, and Europe, the most effective and least costly path is a
combination of variable renewable energy technologies—those that
fluctuate with time of day or season (such as solar or wind energy), and
low-carbon dispatchable sources (whose power output to the grid can be
controlled on demand). Some options, such as hydropower and geothermal
energy, are geographically limited. Other options, such as battery
storage, are not affordable at the scale needed to balance variable
energy demand through long periods of low wind and sun or through
seasonal fluctuations, although that could change in the coming decades.
Nuclear energy is one low-carbon dispatchable option that is virtually
unlimited and available now. Excluding nuclear power could double or
triple the average cost of electricity for deep decarbonization
scenarios because of the enormous overcapacity of solar energy, wind
energy, and batteries that would be required to meet demand in the
absence of a dispatchable low-carbon energy source.
One
obstacle is that the cost of new nuclear plants has escalated,
especially in the first-of-a-kind units currently being deployed in the
United States and Western Europe. This may limit the role of nuclear
power in a low-carbon portfolio and raise the cost of deep
decarbonization. The good news is that the cost of new nuclear plants
can be reduced, not only in the direct cost of the equipment, but also
in the associated civil structures and in the processes of engineering,
licensing, and assembling the plant. The implication is that a large
impact on the cost of new nuclear plants may come from several sources:
improvements in project management practices; innovations in the serial
construction of standardized designs to minimize reengineering and
maximize learning; adoption of modular construction, to shift labor from
construction sites to productive factories and shipyards; advanced
concrete solutions to reduce the need for reinforcement steel formwork
at the site; and seismic isolation to protect the plant against
earthquakes, which simplifies the structural design of the plant.
It's
time to transform our thinking. Renewable and nuclear energies are not
mutually exclusive, but complementary. We should preserve existing
nuclear power plants and reimagine how new plants can be delivered.
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