Environment & Climate Change

If you were wondering whether Europe is running out of options to deal with its continuing energy crisis, one of Britain’s largest energy suppliers just offered an answer.

In the World Nuclear Industry Status Report 2021, Mariana Budjeryn writes about the Chernobyl disaster 35 years later, while Ali Ahmad writes about nuclear power and climate change resilience.

The geopolitical and geo-economic forces wrought by the coronavirus pandemic, as examined previously in this series, are likely to slow the transition to a more sustainable global energy mix. Fortunately, the pandemic has also resulted in governments gaining vastly greater influence over whether this shift stalls or accelerates.

For most people, there was nothing to celebrate when the International Monetary Fund downgraded its outlook for global economic growth in June, anticipating a contraction of 4.9% for 2020. Yet for others, such as the small but persistent group of economists and others known as the “degrowth movement,” the Covid-induced economic slowdown has a silver lining.

The search for silver linings to the coronavirus pandemic has come up woefully short. But one hopeful — and much talked of — prospect is that the disruption will accelerate the global shift to a more sustainable energy future.

Today’s economic crisis leaves us with an unsettling and perplexing regret. Why weren’t financial portfolios already adjusted for risks that stem from health events such as pandemics? After all, financial portfolios are adjusted for liquidity risks, market risks, credit risks, and even operational and political risks.

Preventing nuclear war and avoiding catastrophic climate change are two of the most basic challenges facing human civilization in the twenty-first century. While these are separate issues, these challenges are linked in several ways, and both may be affected by the future of nuclear energy. For nuclear energy to provide any substantial part of the low-carbon energy needed in the second half of the twenty-first century would require dramatic growth. This chapter provides an overview of the constraints and risks of nuclear energy growth on that scale, and the necessary steps to address them. In particular, use of nuclear energy at that scale would place unprecedented demands on global systems for verification, control, and security for weapons-usable nuclear materials. Deep reductions in nuclear arms and their eventual prohibition will also require new approaches to managing the vast global stocks of weapons-usable nuclear materials. Politically, nuclear energy may not be able to grow on the scale required unless governments and publics are confident that it will not contribute to the spread of nuclear weapons, creating another link between climate mitigation and nuclear nonproliferation and disarmament.