States are best-placed to value new nuclear, says lawyer

Only governments can properly value the benefits of nuclear power and their support is therefore necessary to secure financing for new-build projects, George Borovas, partner and head of nuclear at law firm Shearman & Sterling, said today. Borovas was speaking during an OECD-Nuclear Energy Agency webinar on its newly published Policy Brief, Unlocking financing for nuclear energy infrastructure …

DOE targets end to US reliance on Russian nuclear fuel, revived domestic capability

Dive Brief: The Department of Energy is working to end U.S. reliance on Russia for nuclear fuel, Secretary Dan Brouillette told members of the House Energy and Commerce Subcommittee on Energy last week. The department’s Nuclear Fuel Working Group wants American-sourced uranium and plans to begin processing U.S. uranium into high-grade fuel at a DOE facility …

UK premier reiterates support for nuclear : Nuclear Policies

UK Prime Minister Boris Johnson has repeated his support for new nuclear power. During Prime Minister’s Question Time in the House of Commons yesterday, Johnson told a member of parliament representing a constituency in Cumbria, “We believe that nuclear power is a significant potential contributor to our Net Zero ambitions, and I look forward to …

House appropriators request more details on US uranium reserve

The US House Committee on Appropriations has denied a funding request from the US Department of Energy (DOE) for fiscal 2021 for establishing a uranium stockpile. The committee requested further information from the department on the justification for the reserve and how it will be implemented. The US Administration’s 2021 budget request unveiled on 10 …

Nuclear power to 2030: key countries

THE GROWING DEMAND FOR ELECTRICITY across the globe and the necessity of developing and using safe, reliable and economical sources of electricity are pushing countries to build new nuclear reactors. Globally, there are more than 400 active nuclear reactors that are currently in operation and 54 nuclear reactors are under construction in 17 different countries. …

EU experts to assess nuclear power’s green credentials

The European Commission has mandated its in-house research body, the Joint Research Centre (JRC), to assess whether nuclear power should be considered as a “green” technology under the EU’s sustainable finance taxonomy. Should nuclear power be considered “green” because it is a low-carbon source of energy? Or does the issue of radioactive waste automatically disqualify …

Net Zero at Risk without Nuclear Power

Plans for a clean economic recovery and the goal of Net Zero by 2050 need commitment to new nuclear power stations, according to a summary of the sector’s future potential published today by the Nuclear Industry Association. Ahead of the Climate Change Committee’s annual progress update due this week, the Nuclear Industry Association (NIA) has …

IEA says nuclear is not on track to meet sustainability goals

The International Energy Agency’s (IEA’s) latest Clean Energy Progress Track report published on 11 June, assesses the full range of energy technologies and sectors. Only six out of 46 technologies and sectors were “on track” with the IEA’s Sustainable Development Scenario (SDS), which maps out pathway to reach the goals of the Paris Agreement on …

Trump administration seeks to use global aid for nuclear projects

The Trump administration is taking the first steps toward allowing international development funds to be spent on nuclear projects, working to lift a longtime prohibition on how the anti-poverty funds can be spent. The Wednesday proposal from the Development Finance Corporation (DFC) would make it perhaps the only government development agency in the world to use its …