Global investment in nuclear power declined by nearly 45% to $17bn in 2017 due to a 70% fall in spending on new plants coming online during the year to $9 billion, which more than offset an increase in spending on existing plants, a report published today by the International Energy Agency says.
Nucnet 17th July 2018 read more »
Global energy investment fell for the third consecutive year in 2017, according to the International Energy Agency (IEA). Investment in nuclear power declined by nearly 45% last year to USD17 billion. Although spending on new reactors reached the lowest level in five years, investment on upgrades of existing units increased.
World Nuclear News 17th July 2018 read more »
Nuclear power is now recognised as not economically viable. This confirms that renewable energy really does deserve its place in the sun, argues Bruce Davis, the managing director of Abundance Investment. The UK has long been a welcoming habitat for a number of white elephants. Normally, these rare and massive beasts roam freely, grazing on political expediency. However, now and again their existence is threatened by outbreaks of political honesty and economic necessity. This week saw calls for the humane culling of one species of white elephant in particular, namely our political obsession with nuclear energy. This is an obsession that continues despite the industry’s inability to reduce the risks of construction, costs of production and – most importantly – find a sustainable and morally acceptable way to deal with long-term storage of radioactive waste.
Ecologist 18th July 2018 read more »