Articles

In recent decades, the nuclear export market has observed a marked shift of demand from traditional customers in the Western world to Asia. The lack of projects in the United States, the delay in the French construction of advanced reactors, and the Fukushima accident in Japan have also led to the declining export capabilities of their companies. In contrast, Russia has gained numerous contracts, and China will likely become another major exporter. In this paper, the evolution of the market was examined from both the supply and demand sides with issues including the more concentrated and uncertain market, the lack of full participation by emerging suppliers to the nonproliferation regime, and the lesser governance capabilities of the newcomers. Addressing these issues, a range of policy suggestions was made, including the reinforcement of market shares of Western suppliers, the encouragement of newcomers to adhere to international norms, and a better safeguards contribution scheme.

Although South Korea adopted nuclear energy later than countries like the United States, Russia, or France, the country, until recently, has been considered to have one of the most successful civil nuclear power programs in the world, with a fully-devel- oped supply chain, a remarkable record in constructing and operating nuclear power plants (NPPs), and the ability to compete and win contracts to supply NPPs abroad. The fortune of South Korea’s nuclear program has seemingly come to an end, however, with the election of Moon Jae-in. The new South Korean President promised to reduce the country’s dependence on nuclear energy, and has, since taking office, implemented measures to phase out this type of electricity generation.

In this paper, following a brief history of the development of nuclear energy in South Korea, the root causes that instilled public distrust of nuclear energy and Moon Jae-in’s phase-out policy are discussed. Subsequently, by analyzing the validity of Moon’s plan, I argue that this phase-out policy is not beneficial for the long-term sustainability of South Korea’s economy in general, and of the Korean nuclear industry in particular. The paper concludes with policy recommendations for a more balanced nuclear policy that can accommodate public opinion and, at the same time, ensure energy security and provide other economic and diplomatic benefits.

The operation of the fleet of Chinese floating nuclear power plants in the South China Sea carries with it numerous safety and security risks that may have widespread consequences to not only China but also to Southeast Asia and beyond.

Proponents of today's beleaguered nuclear power industry want the U.S. Department of Defense to lead in commercial reactor development and deployment. Bad idea. The authors propose a modest alternative.

In Aesop's fable, a swift hare races with a deliberate tortoise. In the end, the tortoise wins by taking a slow and steady approach. The authors argue that, given the economic constraints on US deployment of nuclear power, a "tortoise strategy" is more prudent for US government nuclear R&D efforts.

Nuclear power holds the potential to make a significant contribution to decarbonizing the US energy system. Whether it could do so in its current form is a critical question: Existing large light water reactors in the United States are under economic pressure from low natural gas prices, and some have already closed. Moreover, because of their great cost and complexity, it appears most unlikely that any new large plants will be built over the next several decades. While advanced reactor designs are sometimes held up as a potential solution to nuclear power's challenges, the authors' assessment of the advanced fission enterprise suggests that no US design will be commercialized before midcentury. That leaves factory-manufactured, light water small modular reactors (SMRs) as the only option that might be deployed at significant scale in the climate-critical period of the next several decades.