Monday, 4 August 2014

The World Nuclear Industry Status Report 2014---world share of nuclear energy lowest since 1980s.

                                  Nuclear power`s share of global energy production has dramatically fallen from 17.6% in 1996 to 10.8%.  The shift in new generating capacity has been to "renewables".  The average age of the world`s reactors has climbed to 28 years and more than 170 units, or 44% of the total, are more than 30 years old.   In the US in particular, older, non competitive plants have been shut down, thanks to enormous government subsidies for renewables, and the temporary natural gas boom, thanks to fracking.  New construction is not keeping up with the shutdowns .Even leaving aside the shut down of Japan`s 48 reactors following Fukushima, the number of operating nuclear  plants has fallen to 388, 50 less than the peak in 2002.Of the 67 nuclear reactors under construction, at least 49 are behind schedule, some due to the hysterical temporary halt in construction after Fukushima; others due to the inflationary increase in costs.

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