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This open access book discusses the eroding economics of nuclear power for electricity generation as well as technical, legal, and political acceptance issues. The use of nuclear power for electricity generation is still a heavily disputed issue. Aside from technical risks, safety issues, and the unsolved problem of nuclear waste disposal, the economic performance is currently a major barrier. In recent years, the costs have skyrocketed especially in the European countries and North America. At the same time, the costs of alternatives such as photovoltaics and wind power have significantly decreased.
This book is a unique introduction to the economic costs of nuclear power. It examines the future of the nuclear power industry and unpacks the complicated relationships between its technical, economic and political variables. It does so by modelling the costs, risks and uncertainties of one of the world’s most opaque industries using micro-econometrics, econometrics, and cost engineering. Economics of Nuclear Power examines the very important costs of externalities (storing of nuclear waste and the impact of a Chernobyl or Fukushima event) and compares those to the externalities of alternative carbon based energies (oil, coal, natural gas). With over 100 tables and figures this book details nuclear power production around the world - present and planned, providing a completely global focus. It also includes an overview of the past 70 years of international nuclear power developments. This book is essential reading for students, scholars and professionals interested in energy economics, nuclear engineering and energy policy.
This book offers a comprehensive assessment of the dynamics driving, and constraining, nuclear power development in Asia, Europe and North America, providing detailed comparative analysis. The book formulates a theory of nuclear socio-political economy which highlights six factors necessary for embarking on nuclear power programs: (1) national security and secrecy, (2) technocratic ideology, (3) economic interventionism, (4) a centrally coordinated energy stakeholder network, (5) subordination of opposition to political authority, and (6) social peripheralization. The book validates this theory by confirming the presence of these six drivers during the initial nuclear power developmental periods in eight countries: the United States, France, Japan, Russia (the former Soviet Union), South Korea, Canada, China, and India. The authors then apply this framework as a predictive tool to evaluate contemporary nuclear power trends. They discuss what this theory means for developed and developing countries which exhibit the potential for nuclear development on a major scale, and examine how the new "renaissance" of nuclear power may affect the promotion of renewable energy, global energy security, and development policy as a whole. The volume also assesses the influence of climate change and the recent nuclear accident in Fukushima, Japan, on the nuclear power industry’s trajectory. This book will be of interest to students of energy policy and security, nuclear proliferation, international security, global governance and IR in general.
This book will shed light on some hot topics related to nuclear power plants starting from uranium ore processing to fabrication through enrichment and finally to nuclear fuel at nuclear reactors. This book will hopefully encourage researchers and scientists to look further into the advantages of nuclear power plants in the production of cheap electricity with low fuel cost.
Storage and Hybridization of Nuclear Energy: Techno-economic Integration of Renewable and Nuclear Energy provides a unique analysis of the storage and hybridization of nuclear and renewable energy. Editor Bindra and his team of expert contributors present various global methodologies to obtain the techno-economic feasibility of the integration of storage or hybrid cycles in nuclear power plants. Aimed at those studying, researching and working in the nuclear engineering field, this book offers nuclear reactor technology vendors, nuclear utilities workers and regulatory commissioners a very unique resource on how to access reliable, flexible and clean energy from variable-generation. - Presents a unique view on the technologies and systems available to integrate renewables and nuclear energy - Provides insights into the different methodologies and technologies currently available for the storage of energy - Includes case studies from well-known experts working on specific integration concepts around the world
This book provides a concise but rigorous appraisal about the future of nuclear power and the presumed nuclear renaissance. It does so by assessing the technical, economic, environmental, political, and social risks related to all aspects of the nuclear fuel cycle, from uranium mills and mines to nuclear reactors and spent fuel storage facilities. In each case, the book argues that the costs of nuclear power significantly outweigh its benefits. It concludes by calling for investments in renewable energy and energy efficiency as a better path towards an affordable, secure, and socially acceptable future.The prospect of a global nuclear renaissance could change the way that energy is produced and used the world over. Sovacool takes a hard look at who would benefit — mostly energy companies and manufacturers — and who would suffer — mostly taxpayers, those living near nuclear facilities, and electricity customers. This book is a must-read for anyone even remotely concerned about a sustainable energy future, and also for those with a specific interest in modern nuclear power plants.
This book studies the extent to which nuclear safety issues have contributed towards the stagnation of nuclear power development around the world, and accounts for differences in safety regulations in different countries. In order to understand why nuclear development has not met widespread expectations, this book focusses on six key countries with active nuclear power programmes: the USA, China, France, South Korea, the UK, and Russia. The authors integrate cultural theory and theory of regulation, and examine the links between pressures of cultural bias on regulatory outcomes and political pressures which have led to increased safety requirements and subsequent economic costs. They discover that although nuclear safety is an important upward driver of costs in the nuclear power industry, this is influenced by the inherent need to control potentially dangerous reactions rather than stricter nuclear safety standards. The findings reveal that differences in the strictness of nuclear safety regulations between different countries can be understood by understanding differences in cultural contexts and the changes in this over time. This book will be of great interest to students, scholars, and policymakers working on energy policy and regulation, environmental politics and policy, and environment and sustainability more generally.
Non-fiction book about how nuclear power is being killed by a market approach to the electricity industry, with some approaches to resolving nuclear power market failure.
This publication presents the outcomes of an IAEA coordinated research project on assessing the national economic effects of nuclear programmes in participating Member States. It provides a short description of the extended input-output model for sustainable power generation (EMPOWER), developed by the IAEA, and presents concise summaries of its applications. It further includes the results produced by the contributing research teams and summarizes general insights drawn from the national studies. The publication illustrates the state of the art of assessing macroeconomic impacts of nuclear energy programmes. It is expected to support further applications of advanced models to improve the understanding of macroeconomic and sectoral impacts of building and operating nuclear power plants