COP28 pledge to expand nuclear capacity is out of touch with reality
While the world noted the Dubai aim of tripling renewables generation capacity by 2030, the controversial summit also saw 25 nations commit to an unofficial pledge to triple nuclear capacity by 2050.
‘Nuclear power is now the most expensive form of generation, except for gas peaking plants’
The latest edition of the World Nuclear Industry Status Report indicates the stagnation of the sector continues. Just 2.4 GW of net new nuclear generation capacity came online last year, compared to 98 GW of solar. The world’s operational nuclear power capacity had declined by 2.1%, to 362 GW, at the end of June.
Hitachi halts 5.8 GW of UK nuclear plans
With the Japanese conglomerate this week walking away from two new nuclear plants in the United Kingdom, project developer Horizon Nuclear Power has confirmed all activities at both sites will cease. The facilities had struggled to secure funding despite offers from government. Horizon said it will ‘keep lines of communication open’ regarding the future of the sites.
Logic supports renewables, not nuclear
The latest edition of the World Nuclear Industry Status Report gives the energy source little hope in the race against fast, widespread, job-friendly, popular renewables. The report reiterates clean power is taking the lead in the world’s energy system and nuclear is not only too costly a remedy for carbon emissions but too slow to deploy. Nuclear output grew only 2.4% last year while solar and wind power volumes grew 18% and 29%, respectively.
