Bloomberg: Nuclear revival dying in Europe — “The future of nuclear energy in Europe looks very dim indeed” says consultant — “Simply too risky”

Published: February 14th, 2013 at 12:27 am ET


Title: Nuclear Revival Dying in Europe as Power Prices Slump: Energy
Source: Bloomberg News
Author: Ladka Bauerova
Date: February 13, 2013

[...] “The future of nuclear energy in Europe looks very dim indeed,” said Mycle Schneider, an independent consultant on energy and nuclear power based in Paris. “Nuclear is too capital intensive, too time-consuming and simply too risky.” [...]

The [Fukushima] catastrophe led Germany to set in motion the closure of all its reactors, while Italy and Switzerland dropped building plans. Projects already under way in France and Finland have suffered delays and cost overruns. The Czech Republic and the U.K. were seen as the the two European countries with the strongest commitment to new nuclear plants. Now projects in both countries are in doubt.

[...] increased technical scrutiny after Fukushima has raised the cost of new reactors.

[...] Romania is struggling to find investors for its Cernavoda plant. [...] Bulgaria has been unable to lure more investors to its aborted Belene project, estimated to cost at least 6.3 billion euros. The Lithuanian government is reviewing the plan to build a new 1,350 megawatt reactor in Visaginas, which was rejected by voters [...]

See also: "Probable Game-Changer": Special issue of Bulletin of Atomic Scientists shows EXIT from nuclear power brings economic and environmental benefits -- 'Startling' findings

Published: February 14th, 2013 at 12:27 am ET


11 comments to Bloomberg: Nuclear revival dying in Europe — “The future of nuclear energy in Europe looks very dim indeed” says consultant — “Simply too risky”

  • No mention of France. (?)

    It won't matter how green Europe is if just one of those mega sized Nuclear Plants in France goes 'belly up'.

    "China has 26 reactors under construction, more than a third of the world’s total, according to data from the Nuclear Energy Institute. Russia is building 11 units and India seven." – Bloomberg article

    USA: "Following a 30-year period in which few new reactors were built, it is expected that 4-6 new units may come on line by 2020, the first of those resulting from 16 license applications made since mid-2007 to build 24 new nuclear reactors." – world nuclear
    (updated Feb 2013)

    United Arab Emirates : "The UAE is taking deliberate steps in close consultation with the International Atomic Energy Agency to embark upon a nuclear power program. It has accepted a $20 billion bid from a South Korean consortium to build four commercial nuclear power reactors, total 5.6 GWe, by 2020."

    I ask myself… "How can this be?" :(

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  • TheBigPicture TheBigPicture

    Train wrecks happen. Plane crashes happen, but when a meltdown happens, you loose part of your country. Or all of it, depending.

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    • We Not They Finally

      Lets use our brain and not our greed.Isnt this talk now pointless?
      Isnt there now enough mox contamination for the whole world?Doesnt that mean an on the beach scenario.The end of all life on this world and eventually the loss of of our oxygen?Isnt it time for us to get together our own bucket lists?How much time does this world realistically have?

      Soon we will have no polination process. no more fruits and vegetables and the food we will eat will be contaminated. Plutonium which is now everywhere will hide in our lungs prior to the worst outbreak of cancer we have ever seen.Truly this the end times.

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      • weeman

        Our forefathers fought repression by kings and queens and fought and died for the magna carta and civil rights, they did not give there lives for power hungry companies to take there place and use people like disposable assets.
        The time has come to rewrite the bill of rights to protect us from tyranny, we have a fundamental right to live in a safe environment, we may have to take this to the streets and fight and die to accomplish, if we fail the writing is on the containment wall extinction.
        Fight the good fight, never give up or die trying.

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      • Time Is Short Time Is Short

        As you said, WNTF, it is time to work our bucket lists, make peace with our Creator, love those we can, and pray for those we can't.

        There is nothing to fight. There is only holding the creators of this horrific ELE accountable, and what could be a worse punishment than them watching their own children die, knowing they are responsible, as they themselves die from the horror they have created?

        I am not without sin. I pray there is a Hell, and they all go there.
        My compassion has limits.

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    Japan Soil Measurements Surprisingly High – Science Insider -March 2011

    The hot spot is similar to levels found in some areas affected by the 1986 Chernobyl nuclear reactor accident in the former Soviet Union. Assuming the radiation is no more than 2 centimeters deep, Chen calculates that 163,000 Bq/kg is roughly equivalent to 8 million Bq/m2. The highest cesium-137 levels in some villages near Chernobyl were 5 million Bq/m2.

    by Jocelyn Kaiser on 25 March 2011

    sorry about the 2 post rule admin but this little lot seemed to underpin your point somewhat!!

    love light and peace and gnight! phew!

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  • razzz razzz

    Here is how France is thinking lately…
    "On the heels of Japan’s decision comes news out of France that the administration of President Francois Hollande will seek to reduce the country’s dependence on nuclear energy—from 80% down to 50% by 2025. The reduction would mean shutting down as many as 24 of the country’s 58 nuclear reactors. The move “could also further destabilize a sector–one of France’s flagship exporting industries–which has already been shaken by Japan’s Fukushima catastrophe in March 2011.”

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  • m a x l i

    Germany exiting nuclear power was not at all a reaction to Fukushima. Phasing out nuclear power over the coming years was already law due to an agreement between government and energy providers from june 2000. Then in october 2010 a different government made a bit of a u-turn by allowing the industry a life-time extension for the nuclear reactors. In 2011, after Fukushima, remaining running times were shortened again. Now the last reactor will be switched off in 2022.

    That means, the nuclear exit is not an idea or project of the current Merkel-government; that Government only made a double-u-turn over less than 5 month and basically returned to what the former social democrat/greens government had set in motion.

    Here is what Wikipedia has to tell:
    This leads you to the Wikipedia entry in german language. Off course, you can switch there to 'English'. While, in my humble opinion, the german entry much better tells the facts, the english version is slightly more pro-nuclear, anti-renewables coloured. Interesting!

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  • patb2009

    nuclear power doesn't make economic sense.

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