Nuclear Energy Flashcards
Conseuqence of Russia and Ukraine war on energy
Sever global energy crises since 1970s
What were the EU proposals approved in the GND?
Secure/affordable energy supply, integrated interconnected and digitalized energy market, and improvement of energy performance of buildings and development of a power sector based on RES
What is the EU Taxonomy on NE and gas?
Recognised as sustainable and bases for direct investments.
How does EU define greenwashing?
Practice of gainging an unfair competitive advantage by marketing a financial poduct as environmentally friendly
How does the Brundtland Report define Sustainable Development?
Development meeting the needs of the present without compromising the ability of future generations to meet their own needs
How does current social systems assume economic-wellbeing?
Economic welfare assumed to be identical with well-being
How does IPCC rank NE?
Third behind offshore and onshore wind in terms of GHG life-cycle emissions per unit of final energy delivered
What is often neglected with NE estimates?
Life cycle environemtnal impacts
What is most discussed with NE?
Recyclability of nuclear fuels
Current stage of NE recyclability?
Geneartion III/III+ with growing stocks of radioactive waste, with low waste and recyclability of fissule isotopes
What does the IEA associate increasing NE costs with?
Lower prices of natural gas/coal, growing support/investments for renewables, capital investment in to large-scale NE…
How have clean energy LCE prices changed?
Solar dropped by 90, wind by 70, nuclear increased by 33.
Levelised Cost of Energy
Lifetime costs divided by energy production
How much does NE change cost of energy?
New GW plant for 4.5 billion USD increase COE by 5 USD/MWh for each percentage point growth in cost of capital
What does the Lazard Support say of LCOE?
From 131 to 204 USD/MWh including with US Federal Tax Subsidies, Fuel Prices, Carbon Pricing and Costs of Capital. whilst wind was 26-83 USD/MWh
NE relationship to capital investments
60% of 53 nuclear reactors under construction in 2021 are delayed, some taking 35 years to construct, with 12% of the 783 projects in 1970-21 abandoned.
What is the range of costs for nuclear accidents?
14-8302 billion euros
What should be considered in calculating NE cost in terms of LCOE?
Loss of capital invested in abandoned projects
What is an example of abandonment of nuclear projects?
France Superphenix closure cost 10 billion UER shut down after years of low-level operation
What is the major investment drawdown of NE?
High level of investment failures and costly effects of accidents/catastrophes: the fiftheen largest nuclear accidents since 1960 close to 500 billion USD
What is an example of massive expenditure failing to build nuclear?
South Carolina nuclear buisness project 9 billion to ‘dig a hole in the ground then fill it back in’, with final costs of 25 billion USD, double its initial expectations
