Related Topic: Economics

Millstone operation is critical factor for zero-carbon goals

Millstone operation is critical factor for zero-carbon goals

The continued operation of Dominion's Millstone nuclear power plant beyond 2029 is a critical factor in how much more and how quickly Connecticut needs to procure new clean energy additions, the state's Department of Energy and Environmental Protection has told policymakers in the state's newly released 2020 Integrated Resources Plan.

Nuclear Policies 12 October 2021


Foronuclear warns of early Spanish nuclear exit

Foronuclear warns of early Spanish nuclear exit

Spain's nuclear power generating industry will not be able to continue operating if a draft law approved on 14 September by the Council of Ministers is enacted, according to the country's nuclear industry forum Foronuclear. The law, together with other proposed measures, would impose an "excessive tax burden" on the industry, which Foronuclear says would make the continued operation of nuclear power plants economically unfeasible. Under Spain's nuclear phase-out policy, its nuclear fleet is scheduled to shut down by 2035.

Waste & Recycling 16 September 2021


Sustainable recovery receiving 'inadequate attention', says IEA

Sustainable recovery receiving 'inadequate attention', says IEA

The International Energy Agency today launched its Sustainable Recovery Tracker that monitors governments' fiscal responses to the COVID-19 crisis and estimates their impact on clean energy investments and global CO2 emissions. The new online tool is a contribution to the G20 Ministerial Meeting on Environment, Climate and Energy, which takes place in Naples on 22 and 23 July under the presidency of Italy.

Energy & Environment 20 July 2021


UK modelling report 'decouples energy from emissions'

UK modelling report 'decouples energy from emissions'

Diverse, scalable and low-cost applications for nuclear technologies have for the first time been fully represented across the whole energy system in a new modelling report published last week by the UK's National Nuclear Laboratory. The work, which was completed through the Advanced Fuel Cycle Programme, reveals potential routes to de-risk and lower the cost of achieving net zero. AFCP is led by NNL in partnership with the Department for Business, Energy and Industrial Strategy as part of the GBP505 million (USD702 million) Energy Innovation Programme.

Energy & Environment 21 June 2021


Barclays highlights role of nuclear in net zero

Barclays highlights role of nuclear in net zero

Nuclear energy's high load factors and reliability could make achieving net-zero affordable, according to a special report published yesterday by Barclays. Nuclear is "safer than commonly assumed", while new technology and further research could make it even cleaner, safer and cheaper, it says, "paving the way for a greater contribution to the global energy transition".

Energy & Environment 03 June 2021


Report highlights economic benefits of Canadian SMR deployment

Report highlights economic benefits of Canadian SMR deployment

The construction of the first BWRX-300 small modular reactor in Ontario will generate about CAD2.3 billion (USD1.9 billion) in GDP, CAD1.9 billion in labour income and more than CAD750 million in federal, provincial and municipal tax revenue, PwC Canada has estimated in an independent report commissioned by GE Hitachi Nuclear Energy.

New Nuclear 03 June 2021


NRC fees must change to enable innovation, says panel

NRC fees must change to enable innovation, says panel

As multiple advanced reactor vendors enter the licensing process to build first-of-a-kind demonstration projects, issues with the US Nuclear Regulatory Commission's current user fee cost recovery model could slow innovation and raise regulatory costs, according to a report published yesterday by the Nuclear Innovation Alliance (NIA). Reliance on applicant fees limits the ability of the NRC to hire and train staff ahead of expected applications, reducing regulatory efficiency, the report says.

Regulation & Safety 20 May 2021


NPT signatories must enable a renewed vision for nuclear, says Bilbao y León

NPT signatories must enable a renewed vision for nuclear, says Bilbao y León

US President Dwight Eisenhower's 'Atoms for Peace' speech to the UN General Assembly in 1953 is still relevant as the world of today confronts the existential threat of climate change, World Nuclear Association Director General Sama Bilbao y León told delegates at a preparatory event for the Tenth NPT Review Conference that is expected to take place in August. Speaking at the event - titled Industry and Peaceful Applications of Nuclear Technology - Bilbao y León called upon all signatories to the Treaty on the Non-Proliferation of Nuclear Weapons, which entered into force in 1970, to support the expansion of civil nuclear power.

Regulation & Safety 07 May 2021


Economic viability study a 'wakeup call' for US plants: NEI

Economic viability study a 'wakeup call' for US plants: NEI

Most of the nuclear plants in the PJM Interconnection wholesale electricity market - covering 13 US states and the District of Columbia - will not produce enough revenue to remain economically viable in the coming years, an independent economic evaluation has concluded.

Corporate 30 April 2021


Independent auditors recommend financial support for Illinois plants

Independent auditors recommend financial support for Illinois plants

An independent financial audit requested by the state of Illinois has found the Byron and Dresden nuclear power plants face "real risk" of becoming uneconomic in the near term. State support could help provide security for the plants to be part of a strategy for Illinois to transition to less carbon-emitting resources, the report finds.

Corporate 20 April 2021