New-build nuclear must face down industry's costly past
S&P Global Market Intelligence
S&P Global Market Intelligence
Abbie Bennett, Camilla Naschert, Avery Chen
November 10, 2022
This article is part of a series examining the recent shifts in nuclear power. Climate, conflicts prompt new look at old nuclear. Nuclear rebirth buoys uranium sector, but new mines not on horizon.
This article is part of a series examining the recent shifts in nuclear power. Climate, conflicts prompt new look at old nuclear. Nuclear rebirth buoys uranium sector, but new mines not on horizon.
The first green shoots for nuclear came from a 2019 report by the Intergovernmental Panel on Climate Change that warned the world was substantially exceeding global warming limits, said Kirsty Gogan, co-founder of think tank TerraPraxis, which is pro-nuclear. The war in Ukraine and its impact on energy systems have solidified support and changed minds, Gogan said in an Oct. 19 interview.
"All of these factors have led to political leaders and public opinion around nuclear [shifting] in a really substantial way," Gogan said. "There's now proactive support in countries that had been lukewarm at best."