Nuclear power constitutes the world’s most subsidy-fattened energy industry, yet it faces an increasingly uncertain future. The global nuclear power industry has enjoyed growing state subsidies over the years, even as it generates the most dangerous wastes whose safe disposal saddles future generations.
Despite the fat subsidies, new developments are highlighting the nuclear power industry’s growing travails. For example, France — the “poster child” of atomic power — is rethinking its love affair with nuclear energy. Its parliament voted last month to cut the country’s nuclear-generating capacity by a third by 2025 and focus instead on renewable sources by emulating neighboring countries like Germany and Spain.
As nuclear power becomes increasingly uneconomical at home because of skyrocketing costs, the U.S. and France are aggressively pushing exports, not just to India and China, but also to “nuclear newcomers,” such as the cash-laden oil sheikhdoms in the Persian Gulf. Such exports raise new challenges related to freshwater resources, nuclear safety and nuclear-weapons proliferation.
Still, the bulk of the reactors under construction or planned worldwide are in just four countries — China, Russia, South Korea and India.
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In Japan, the last of its 48 commercial reactors went offline in September 2013. Repeated polls have shown that the Japanese public remains opposed to nuclear restarts by a 2 to 1 margin, despite toughened safety regulations after the March 2011 disaster at the Fukushima No. 1 nuclear power plant. Yet the southern city of Satsuma Sendai in Kagoshima Prefecture recently gave its consent to restarting, as soon as early next year, two reactors operated by Kyushu Electric Power Company.
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The risks that seaside reactors face from global-warming-induced natural disasters became evident more than six years before Fukushima, when the 2004 Indian Ocean tsunami inundated the Madras Atomic Power Station. But the reactor core could be kept in a safe shutdown mode because the electrical systems had been installed on higher ground than the plant level.
In 1992, Hurricane Andrew caused significant damage at the Turkey Point nuclear power plant in Florida, but fortunately not to any critical system. And in a 2012 incident, an alert was declared at the New Jersey Oyster Creek nuclear power plant — the oldest operating commercial reactor in the U.S. — after water rose in its water intake structure during Hurricane Sandy, potentially affecting the pumps that circulate cooling water through the plant.
All of Britain’s nuclear power plants are located along the coast, and a government assessment has identified as many as 12 of the country’s 19 civil nuclear sites as being at risk due to rising sea levels. Several nuclear plants in Britain, as in a number of other countries, are just a few meters above sea level.
Read more at Nuclear power’s dark future
