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Related Topic: Economics

IAEA puts case to G20 for nuclear energy's net zero role

IAEA puts case to G20 for nuclear energy's net zero role

Better access to financing mechanisms and other policy shifts required for the large-scale expansion of nuclear energy were outlined when the International Atomic Energy Agency made its first-of-a-kind contribution to the G20 policy-making process.

Nuclear Policies 23 April 2024

EDF report highlights youth skills benefits of Hinkley Point C project

EDF report highlights youth skills benefits of Hinkley Point C project

The nuclear power construction project in the UK has led to 8000 people being trained at specialist centres, and prompted a 25% increase in younger adults living in the area, according to the Hinkley Point C Socio-Economic Impact Report 2024.

Corporate 18 April 2024

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Eletronuclear responds to report on Angra 3 costs

Eletronuclear responds to report on Angra 3 costs

Brazil's Eletronuclear has highlighted the economic benefits of investing in completing the Angra 3 nuclear unit, and stressed that an official study has yet to be completed into the likely final tariff paid by customers.

Nuclear Policies 15 April 2024

Economic benefits of Polish AP1000 deployment highlighted

Economic benefits of Polish AP1000 deployment highlighted

The construction of six Westinghouse AP1000 reactors would contribute more than PLN118.3 billion (USD30.2 billion) in GDP for Poland, while their subsequent operation would generate PLN38 billion in GDP annually, an independent study has found.

New Nuclear 10 April 2024

Economic impact of nuclear to southeast USA highlighted

Economic impact of nuclear to southeast USA highlighted

The nuclear energy industry in southeast USA generates an annual economic impact of almost USD43 billion, supporting 152,598 jobs and generating USD13.7 billion in labour income, says a study released by the Southeast Nuclear Advisory Council.

Nuclear Policies 21 February 2024

SMRs economically feasible in Puerto Rico, study finds

SMRs economically feasible in Puerto Rico, study finds

The Caribbean island of Puerto Rico is favourably positioned for the introduction of advanced micro and small modular reactors, according to an economic study conducted by Puerto Rican-led not-for-profit organisation the Nuclear Alternative Project.

Nuclear Policies 08 February 2024

SMRs would provide economic boost to Ontario, says report

SMRs would provide economic boost to Ontario, says report

The construction and operation of four small modular reactors by Ontario Power Generation at its Darlington site will contribute about CAD15.3 billion (USD11.2 billion) to Canada's GDP, including CAD13.7 billion to Ontario's GDP, according to a report by the Conference Board of Canada. The units will create and sustain 2000 jobs each year in Canada over the next 65 years, it says.

New Nuclear 23 October 2023

Costs of new nuclear need addressing, says Wood Mackenzie

Costs of new nuclear need addressing, says Wood Mackenzie

With nuclear generating capacity set to increase by 280 GWe by 2050, the biggest economic hurdle to the uptake of the latest large reactors and small modular reactors is cost, according to independent energy research consultancy Wood Mackenzie.

New Nuclear 18 May 2023

AP1000 remains attractive option for US market, says MIT

AP1000 remains attractive option for US market, says MIT

An overnight capital cost of USD2900 per kilowatt for the next AP1000 series in the USA is achievable, according to an independent assessment by the Massachusetts Institute of Technology's Center for Advanced Nuclear Energy Systems. The report considers the cost in the context of the experience realised at the Vogtle site in Georgia, where two AP1000 units are under construction.

New Nuclear 08 April 2022

Viewpoint: Nuclear, the auctions and the grid

Viewpoint: Nuclear, the auctions and the grid

US electricity grids, especially deregulated grids with auctions, have become fragile and unreliable due to over-dependence on intermittent renewables and just-in-time delivery of natural gas, together with a reliance on imports, writes Meredith Angwin. Nuclear energy, she says, could break the trifecta and prevent rolling blackouts.

Perspectives 09 December 2021