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. Contents History and Current Status of the World Nuclear Industry The Dramatic Decrease of the Economics of Nuclear Power Nuclear Policy in the EU The Legacy of Csernobyl and Fukushima Nuclear Waste and Decommissioning of Nuclear Power Plants Alternatives: Heading Towards Sustainable Electricity Systems Target Groups Researchers and students in the fields of political, economic and technical sciences Energy (policy) experts, nuclear energy experts and practitioners, economists, engineers, consultants, civil society organizations The Editors Prof. Dr. Reinhard Haas is University Professor of energy economics at the Institute of Energy Systems and Electric Drives at Technische Universität Wien, Austria. PD Dr. Lutz Mez is Associate Professor at the Department for Political and Social Sciences of Freie Universität Berlin, Germany. PD Dr. Amela Ajanovic is a senior researcher and lecturer at the Institute of Energy Systems and Electrical Drives at Technische Universität Wien, Austria.--

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 presentation discusses the economic future of nuclear power.

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 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 work was published by Saint Philip Street Press pursuant to a Creative Commons license permitting commercial use. All rights not granted by the work's license are retained by the author or authors.

As the world’s energy sources continue to develop, with less reliance on traditional fossil fuels and more reliance on cleaner, more efficient, alternative energy sources, nuclear power continues to be a dividing point for many people. Some believe it is the answer to our energy problems for the future, while others warn of the risks. Written by a retired scientist who spent most of his career at the Idaho National Laboratory (INL), this book aims to delve into the issues surrounding nuclear power and dispel its myths, while building an argument for why the United States should develop a nuclear power plan for the future. As a “whistleblower,” the author spent much of the last ten years of his career at the INL raising concerns about how its mission of serving as the Department of Energy’s lead laboratory in radioactive waste management was not being properly managed. While the United States continues to tread water on the issue of nuclear energy, the author believes that a nuclear “renaissance” is not only possible but is necessary for meeting the world’s growing demand for energy, especially clean energy. With fossil fuels slowly dying out and renewable energy sources not able to handle the demand for a continuously growing energy-consuming public, nuclear is an obvious solution. This book is a must-have for any engineer working in nuclear power, students hoping to go into that industry, and other engineers and scientists interested in the subject. This book is both “technical” and “political” because they’re equally important in determining what actually happens in institutions dealing with technical problems.

In the last several years we have seen what appears to be revived global interest in continuing operation of existing nuclear power plants and constructing a new generation of plants. A recent International Atomic Energy Agency report indicates that 24 countries with nuclear power plants are considering policies either to accommodate or encourage investments in new nuclear power plants, and that 20 countries without nuclear power today are considering supporting the use of nuclear power to meet future electricity needs. It projects as much as a 100 percent increase in nuclear generating capacity by 2030. This renewed interest appears to reflect a variety of considerations, including a shift toward sources of electricity that do not produce CO2; the search for lower-cost sources of electricity, stimulated by dramatic increases in fossil fuel prices prior to the current global economic contraction; and (often poorly defined) energy security concerns associated with fossil fuels, especially natural gas. The potential revival of nuclear power faces a number of risks and challenges that make the anticipated "renaissance" of nuclear power in the United States and other countries quite uncertain. The economics of maintaining the existing fleet of nuclear power plants, investment in new nuclear power plants, and the economic impacts of constraints on CO2 emissions, not to mention considerations of safety, waste disposal, proliferation, and spent-fuel reprocessing: all impact the feasibility of a nuclear power renaissance.