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Explore the role of nuclear energy in the global landscape, from capacity development to carbon avoidance projections. Understand the economic factors shaping the future of nuclear power and its impact on sustainable development and climate change negotiations. Delve into historical quotes and predictions for insights into the evolving nuclear energy sector.
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What Role for Nuclear? Alan McDonald International Atomic Energy Agency ICCF FORATOM Forum Brussels • 26 November 2003
Predictions • The energy produced by breaking down the atom is a very poor kind of thing. Anyone who expects a source of power from the transformations of these atoms is talking moonshine. Lord Ernest Rutherford, 1933. • It is not too much to expect that our children will enjoy in their homes [nuclear generated] electrical energy too cheap to meter. Levi Strauss, Chairman, US Atomic Energy Commission, 1954.
Global Nuclear Capacity Developing Jap/ROK FSU/EE WE NA Under Construction Operating
Medium-term Projections 573 501 423 401 391 386 360 GW(e)
Medium-term Projections 11% 13% 15% 15% 16% 12% 16%
Conclusions (1/2) • Nuclear power’s future will be determined by economics. • Different national situations lead to different energy assessments.
Conclusions (2/2) • New nuclear’s front-loaded cost structure is less attractive in deregulated markets. • Do not count on carbon constraints to make a near-term difference. • It is critical to assure nuclear power is treated fairly in sustainable development and climate change negotiations.
IAEA …atoms for peace.