On December 15, 2022, the Ontario Independent Electricity System Operator (IESO) issued ”Pathways to Decarbonization – A report to the Minister of Energy to evaluate a moratorium on new natural gas generation in Ontario and to develop a pathway to zero emissions in the electricity sector”. This report considers a Read more
With COP27 in Egypt coming to a close, there is broader acceptance of the role for nuclear power in solving the climate crisis, as it is one of the few electricity generation options that positively impacts all three dimensions of the energy trilemma. What is the energy trilemma? It is Read more
In its 2022 report on the role of nuclear power in fighting climate change, “Nuclear Power and Secure Energy Transitions”, the International Energy Agency (IEA) says “Nuclear energy can help make the energy sector’s journey away from unabated fossil fuels faster and more secure.” It goes on to clearly lay Read more
We previously talked about energy security and the impact on global energy markets resulting from the crisis in Ukraine. In that post we discussed energy security from the traditional perspective of risk of disruption in global energy flows as a result of geopolitical issues. Today we will expand upon the Read more
I recently returned from making my modest contribution to the World Nuclear University (WNU) Summer Institute (SI) in Spain. I was so excited to be able to attend in person!! I wrote about this great program after the last summer institute in Romania back in 2019. At that time who Read more
In the early 1990s, deregulating electricity generation seemed like a good idea. Led by the UK, many markets rushed to dismantle their vertically integrated electric utilities with the goal of creating competition to benefit their customers, the electricity using public. The view was that utilities had become fat and lazy Read more
Energy is life. We depend upon it to get from place to place, warm (or cool) our homes, cook our food and communicate with one another. Everything we need to live our lives comes from a supply chain that uses energy to mine raw materials, manufacture products and ship them Read more
As the 11th anniversary of the Fukushima accident passed in March, there were none of the regular articles that we see in the press every year to remind us how scary that event was. Often these articles have focused more on the nuclear accident and barely mentioned the catastrophic impact Read more
This month, as we continue our short series on energy economics, our focus is the nuclear industry’s commitment to safely managing its wastes. More specifically how this commitment ensures the cost of managing waste is included in nuclear power economics and how funds are set aside to pay for it. Read more
In our last post, we quoted from recent reports that clearly lay out the environmental benefits of nuclear power. This month we want to start off the year by launching a short series addressing some of the issues that impact energy economics. Today we will talk about the importance of Read more
This past year, as COP26 came and went, and the climate discussion turned from emission reductions to net zero targets; more and more governments have come to accept that nuclear power should, and in fact must, play an important role in meeting their aggressive climate goals. China is leading the Read more
The role of nuclear power in supporting global decarbonization was discussed more at this COP than at any previous one. We have seen articles with headlines like “Nuclear Was the Quiet Hero of COP26” talking about the gains made in getting people to listen to the arguments in support of Read more
In advance of COP26, the next important global meeting to discuss climate change, the International Energy Agency (IEA) released it World Energy Outlook 2021 (and for the first time is offering it for free). And while it notes “a new energy economy is emerging”, it is telling us what we Read more
So far in 2021 two new countries have started producing nuclear energy for the first time. The UAE has put the first unit of its 4-unit Barakah plant into service with the second one following close behind. In Belarus, it is the same story, as the first unit of the Read more
President Moon Jae-in of South Korea followed through on his campaign pledge to reduce Korea’s reliance on nuclear power only a month after his inauguration in May 2017. He quickly announced Korea would stop building new reactors and not life extend those in operation. The objective was to replace nuclear Read more
When considering the sustainability of future low carbon energy sources, the focus tends to be on where the energy comes from. Renewable energy is seen as environmentally sustainable in that it is both low carbon and the resource unlimited; energy from the sun, wind and water will never run out. Read more
Europe is fully committed to addressing the climate crisis, targeting a 55% reduction in carbon emissions by 2030 (from 2020 levels) and then becoming the world’s first carbon neutral continent by 2050. Today, almost half of its low carbon electricity comes from nuclear power as Europe has the world’s largest Read more
Ten years have passed since Japan suffered the great Tohoku earthquake and tsunami that killed 20,000 people, caused US$300 billion of damage and initiated the accident at the Fukushima Daichi nuclear power plant. Reviewing the media reporting last month, the nature of the stories has changed. There were of course Read more
In December we wrote about the world’s drive to achieve net zero carbon emissions by 2050. A laudable goal, the World Energy Outlook (WEO) 2020 illustrates a possible path to getting there. This would be achieved through electrification (using clean electricity sources), efficiency gains and behaviour changes. The first two Read more
When it comes to the economics of electricity, there is no report more important than Projected Cost of Electricity, issued every 5 years by the International Energy Agency (IEA) and the OECD Nuclear Energy Agency (NEA). This report (now in its 9th edition) collects electricity costs of various technologies from Read more