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ENERGY FOR THE 21 ST CENTURY the Potential for Nuclear Power

Explore the potential of nuclear energy as a domestic, secure, and carbon-free power source to address energy demand, climate change, and economic competitiveness. Learn about the challenges, policies, infrastructure, and R&D towards advanced nuclear systems. Collaboration with international efforts for a safe and reliable nuclear future.

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ENERGY FOR THE 21 ST CENTURY the Potential for Nuclear Power

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  1. ENERGY FOR THE 21ST CENTURYthe Potential for Nuclear Power Luis Echávarri Director-General, OECD Nuclear Energy Agency IAEA Scientific Forum at the General Conference 2007, Vienna, Austria, 18 September 2007

  2. Outline • Energy demand and supply • Potential for nuclear energy • Resources and security of supply • Addressing climate change concerns • Competitiveness • Challenges • Implementation of coherent policies • Building infrastructure • Financing • R&D • Towards the 4th generation of nuclear systems • Concluding remarks IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  3. Primary Energy Demand (Gtoe) IEA Reference Scenario Source: IEA 2006 IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  4. Electricity generation (103 TWh) IEA Reference Scenario Source: IEA 2006 IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  5. Nuclear energy & security of supply • Nuclear energy is essentially a domestic source • Fuel resources are plentiful and well distributed worldwide • Natural uranium price is not a major driver in nuclear electricity generation cost IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  6. Net oil imports (mb/d) Source: IEA 2006 IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  7. Lifetime of energy resources(years of 2005 demand) > 4000 Sources: NEA/IAEA 2006, BP 2006 IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  8. Uranium production 2005 Total ~ 41 250 tU Source: NEA & IAEA 2006 IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  9. Uranium Reserves (RAR<80$/kgU) Total ~ 2.6 million tU Source: NEA & IAEA 2006 IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  10. Nuclear energy & global warming • Nuclear energy is nearly carbon free • Nuclear energy is one of the cost effective options available today for reducing carbon emissions • The Kyoto targets are unlikely to be met • In the long-term, nuclear energy systems could make a significant contribution to less carbon intensive economies IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  11. Average GHG emissions from electricity chains in Europe (g CO2 eq./kWh) Source: NEA 2007 IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  12. Economics • Nuclear energy is competitive • The cost structure of nuclear electricity guarantees long-term stability • Most externalities have been internalised in nuclear generation costs • Adding a carbon value to fossil fuelled electricity would enhance the competitive margin of nuclear • Capital costs are high, not easy to finance IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  13. Generation cost structure Uranium ~ 5% Source: NEA & IEA 2005 IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  14. Projected costs of generating electricity - 2005 OECD study 2003 US$/MWh Levelised generation cost rangeexcluding the 5% highest and 5% lowest values * Excluding the 5% highest and 5% lowest values Source: NEA & IEA 2005 IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  15. Impact of carbon values on generation costsat 10% discount rate US$/MWh Carbon value IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  16. Signs of nuclear renaissance • Olkiluoto 3 (4) in Finland • Flamanville 3 in France • US Energy Act, GNEP • Moves towards new orders in Canada • UK White Paper 2007 • GIF and INPRO • Nuclear programmes in China, India, Japan,Korea, Russia • Many emerging countries showing interest in nuclear IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  17. Challenges • Policy issues • Coherent regulatory framework and energy policy • Involvement of stakeholders in decision making • Implementation of HLW repositories • Infrastructure and financing • Education and training, knowledge management • Building industrial capability • Financing reactors and fuel cycle facilities IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  18. Nuclear energy R&D goals • Even better economics • Enhanced safety and reliability • Sustainable resource utilisation • Lower U consumption • Smaller volume and lower toxicity of waste • Strengthened physical protection and proliferation resistance IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  19. IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  20. International cooperation • Joint R&D efforts to develop innovative nuclear systems (e.g., GIF, INPRO) • International approaches for enhancing security of nuclear fuel supply while reducing proliferation risks (e.g., GNEP, RI) • Cooperation to seek and achieve convergence on reference regulatory practices (e.g., MDEP) IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

  21. Concluding remarks • Nuclear energy can play a significant role in energy supply during the 21st century • Key factors for the future include • Energy policies • Industrial capacity building • R&D in support of current and next generationsof nuclear systems • International cooperation enhancesthe effectiveness of national efforts IAEA Scientific Forum at the General Conference, Vienna, Austria, 18 September 2007

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