logo
Can we afford to be afraid of nuclear power?

Can we afford to be afraid of nuclear power?

The Guardian2 days ago
Money can buy comfort, but energy makes comfort possible in the first place. Energy is the great enabler of the modern world. It connects the globe by moving people and hauling goods. It loosens the grip of the weather by warming our homes in winter and cooling them in summer. It forges the steel that raises our cities and synthesises the fertilisers that keep half the world's population from starvation. It increasingly empowers us by electrifying the technologies we rely on daily.
It is also the great enabler of socioeconomic development. Monetary wealth and energy abundance move in lockstep: plot a graph of GDP per capita against energy consumption per capita, and you'll draw a straight line. Low-energy, high-income nations do not exist. Prosperity and energy are inseparable; you cannot have one without the other.
Sure, GDP per capita isn't a perfect measure of socioeconomic development. It says nothing about how evenly that wealth is distributed, for instance. But it remains an excellent barometer, and one that all nations actively strive to raise, particularly less wealthy ones.
Today, 700 million people live in extreme poverty (defined as living on less than $2.15 per day). They won't climb out of it without access to more energy. Making as much energy as possible available to as many people as possible ought to be a defining goal of the 21st century.
But there is an elephant in the room: the climate emergency. Our energy supply is responsible for three-quarters of our global greenhouse gas emissions. Plot a second graph, this time of carbon emissions per capita against energy consumption per capita: you'll draw another straight line. So, how do we promote energy abundance and the prosperity it enables without sacrificing the natural environment?
The answer is not to use less energy. Only a handful of countries – the UK, Sweden, Switzerland, Denmark and the USA, for example – have managed to decouple GDP from energy. They've grown richer over the past few decades, even though their energy consumption per capita has flatlined or even declined. But these countries are outliers: rich, highly developed economies with infrastructure already in place. For the vast majority, the link between energy and prosperity remains unbroken. Denying the developing world access to abundant energy would be a profound moral failure, not to mention an act of breathtaking hypocrisy. The answer is not less energy, but cleaner energy, and more of it.
Wind and solar power are often offered as the solutions. But their power is intermittent, energy industry jargon for 'unreliable'. They're fundamentally constrained by meteorology and celestial mechanics: wind turbines falter on still days, and solar panels don't work on the side of the Earth facing away from the sun (colloquially called 'night-time'). I would love to live in a world where wind and solar alone could replace fossil fuels, but there's no beating the laws of physics.
Elaborate backup systems won't cut it, either. Pumped-storage hydroelectricity – which represents 95% of the world's electricity backup capacity – and batteries discharge in minutes and hours. Yet wind and solar falter for days and weeks at a time. To replace fossil fuels and support renewables, we need something that's always on, potent and, crucially, emissions-free.
Nuclear reactors meet these ideals. They're dispatchable, industry parlance for reliable. A single one generates enough electricity to power the lives of 2 million average Europeans, even after accounting for downtime and maintenance. And they don't emit carbon dioxide.
'But doesn't nuclear take too long to build?!' Not necessarily. Between 1973 and 1999 France built 56 nuclear reactors with a median construction time of just six years, cutting the fossil fuel share of electricity in its grid from 65% to less than 10%. (Incidentally, France's GDP per capita rose by 58% over the same period.)
It's true that sluggish build times torment the west today. Flamanville 3, France's first and only reactor of the 21st century so far, was supposed to take five years to build but ended up taking 17. Hinkley Point C – the UK's first since 1995 – is still a construction site seven years after breaking ground; the British government recently announced another power station – Sizewell C – will be online by the mid-2030s, but many fear the actual completion date will recede quickly into the future. Across Europe, the median build time since the year 2000 has dragged out to almost a decade. But it's not a problem with nuclear power per se; it's a symptom of the west's chronic inability to deliver large pieces of infrastructure, an ailment that affects everything from laying high-speed railway lines, to building new housing estates, to filling in potholes.
By contrast, rapid build times remain the norm in other parts of the world. China's median build-time since 2000 is five years and 10 months; South Korea's is six. The delays experienced by the west are regulatory and managerial failures, not technological ones.
There's also a perception that nuclear power is dangerous, yet the data show it's as safe as wind and solar. People believe that it's expensive, yet the International Energy Agency finds it to be 'the least cost option for low-carbon generation'. Perhaps it's bad for the environment? Well, the United Nations Economic Commission for Europe concludes it has the lightest ecological burden of any power source. And how on earth do you solve the problem of nuclear waste? Finland – with a grid that's 40% nuclear – has a working geological storage solution.
In fact, nuclear power's biggest obstacle is its terrible PR. It's the bogeyman of the energy world, but like all bogeymen, the reality is rather different. It's a tragedy that we've been splitting atoms in nuclear power stations for longer than we've known we were causing the climate to change.
Solving the energy problem solves a tangle of others: economic, humanitarian and environmental. I envisage a future where nuclear reactors – complemented by wind turbines and solar panels – power the world. A future where clean, constant and plentiful energy awaits, and where prosperity doesn't cost the earth.
Tim Gregory is a nuclear chemist at the UK National Nuclear Laboratory and author of Going Nuclear: How the Atom Will Save the World (Bodley Head).
More From Less by Andrew McAfee (Scribner, £9.99)
Enlightenment Now by Steven Pinker (Penguin, £14.99)
Not the End of the World by Hannah Ritchie (Vintage, £9.89)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Texas project to build four nuclear plants is in talks with 'hyperscalers'
Texas project to build four nuclear plants is in talks with 'hyperscalers'

Reuters

time4 hours ago

  • Reuters

Texas project to build four nuclear plants is in talks with 'hyperscalers'

WASHINGTON, July 8 (Reuters) - Fermi, a Texas company looking to build four nuclear plants next to a U.S. nuclear weapons complex, said in documents revealed on Tuesday that it is talking with large data managers on leasing agreements for the project. Fermi, co-founded by Rick Perry, a former U.S. energy secretary, wants to build four AP1000 reactors at a facility it is calling a "hypergrid." The up to 11 gigawatt (GW) facility in Amarillo powered by nuclear, natural gas, and renewable energy, is planned near the Department of Energy's Pantex nuclear weapons plant and in partnership with Texas Tech University. Fermi said in its application at the Nuclear Regulatory Commission, which the regulator made public on Tuesday, that it is engaging in talks with many Big Tech companies, known as "hyperscalers," on letters of intent and term sheets, or preliminary documents that are usually non-binding. The application said that the hyperscalers would be tenants, apparently meaning they would not own part of the plants. Fermi did not immediately answer questions about financial arrangements being discussed with Big Tech companies or which or how many hyperscalers it is in talks with. The last two reactors built in the U.S. were AP1000, completed in Vogtle, Georgia. They cost a total of more than $30 billion, according to the U.S. Energy Information Administration. Those plants were delayed by years and came in billions of dollars above projected costs. But nuclear backers say lessons learned should cut construction time and final costs of the next AP1000 reactors. Fermi said in the application that the nuclear complex, which it calls the Donald J. Trump Generating Plant, will be eligible for financing from the Department of Energy's Loan Programs Office. The only time the president tapped the LPO in his first term was for the Vogtle plants. The company said other plans to finance construction and operation include equity capital contributions from institutional infrastructure and real estate investors, structured bond offerings, and clean energy tax credits.

Monavate expands Episode Six partnership
Monavate expands Episode Six partnership

Finextra

time7 hours ago

  • Finextra

Monavate expands Episode Six partnership

The Monavate Episode Six partnership has grown to speed up global innovation for the MonavateOne platform. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This partnership makes it easier for Monavate to offer localised card issuing, seamless payments, and infrastructure that can grow with fintechs around the world. As Monavate accelerates its growth beyond the UK and Europe, Episode Six continues to enable its seamless expansion into new geographies without significant technical lift. The expanded partnership supports Monavate's mission to offer clients the flexibility to tailor issuer, processor, and BIN sponsor relationships to their client's product strategy quickly and at scale. 'Our partnership with Episode Six is grounded in shared values and a joint commitment to solving real-world challenges for our clients,' said Scott Lucas, Co-Founder at Monavate. 'This isn't just a technology relationship—it's a collaboration that drives new business opportunities and supports our ability to serve customers globally, especially as demand from sectors like crypto continues to grow.' The Monavate Episode Six partnership has made the MonavateOne platform better for international financial services by making integrations faster and allowing for more use cases. Episode Six's platform provides the foundational infrastructure for MonavateOne., enabling Monavate to bring new offerings to market quickly, maintain compliance, and provide modern alternatives to legacy issuer solutions. By leveraging Episode Six's highly configurable platform–which combines ledger and processing capabilities– Monavate is able to give fintechs the tools to launch and scale card programs with fewer constraints. 'Monavate is one of the most forward-thinking players in the market—and we're proud to be their partner on their journey,' said John Mitchell, CEO and Co-Founder of Episode Six. 'Our teams work as one, focused on building solutions that drive outcomes. As Monavate grows, our role is to make sure nothing stands in the way of that growth.' The partnership highlights the importance of cultural alignment and long-term collaboration in navigating the competitive payments landscape. As Monavate's business continues to expand across new countries and regions, its alignment with Episode Six underscores the importance of strategic fit and future-ready infrastructure. Learn more at By expanding the Monavate Episode Six partnership, Monavate strengthens the MonavateOne platform's role as a powerful engine for global paytech innovation.

UN criticises Starmer's welfare reforms and warns measures will 'increase poverty rates'
UN criticises Starmer's welfare reforms and warns measures will 'increase poverty rates'

Sky News

time7 hours ago

  • Sky News

UN criticises Starmer's welfare reforms and warns measures will 'increase poverty rates'

A UN committee on disability rights has criticised the UK government's welfare reforms, saying they will "increase poverty rates". In an intervention likely to be seized on by MPs seeking to further water down the measures, the committee asks ministers for answers on 10 issues surrounding the benefit changes - and says the reforms risk "regression" for disabled people. The committee, which reports to the Office of the High Commissioner for Human Rights, asks about British politicians suggesting people are defrauding the benefits system. One point on which it wants clarification is: "Public statements by politicians and authorities portraying persons with disabilities as making profit of social benefits, making false statements to get social and disability benefits or being a burden to society." Other questions are on the impact the measures will have on "young persons, new claimants of disability benefits, women with disabilities, persons with disabilities with high level supports" and others. They ask ministers about what measures they have taken to address "the foreseeable risk of increasing poverty rates amongst persons with disabilities if cuts are approved" and claim the welfare bill has had "limited scrutiny". The letter claims that the committee has "received credible information" that the Universal Credit and Personal Independent Payment Bill"will deepen the signs of regression" that the committee warned about in a report last year on the cost of living crisis and its impact on disabled people. An intervention by the UN will be an embarrassment to the government, which has promised its welfare reforms will help disabled people into work. 4:31 Liz Kendall, the welfare secretary, was criticised heavily earlier in the year for saying some people on benefits were "taking the mickey". After a chaotic first vote in Parliament on 1 July, in which MPs succeeded in watering down the reforms significantly, the government now says its reforms will lift 50,000 people out of poverty. The bill was backed by 335 MPs, with 260 against - a majority of 75. The first version of the reforms would have - the government's assessment said - pushed 250,000 people into poverty. Charities are urging MPs to continue to push for further changes - including on cuts to Universal Credit sickness payments. 1:08 A different UN committee heavily criticised benefit changes made by the Conservatives in 2016 and called on the UK to take "corrective measures" when Labour came into office. The UN's committee on Economic, Social and Cultural Rights (CESCR) concluded that "welfare reform" measures introduced by Conservative-led governments in 2012 and 2016 had disproportionately affected disabled people, low-income families, and workers in "precarious employment". The committee said this had led to "severe economic hardship, increased reliance on food banks, homelessness, negative impacts on mental health, and the stigmatisation of benefit claimants". The Department for Work and Pensions has been contacted for comment. Mikey Erhardt, policy lead at Disability Rights UK, said: "The fact that the UN has yet again felt it needs to write to the UK government about our cruel and punitive social security system should be a national shame. "We hope this letter is a wake-up call for MPs. Despite all the chaos of the last-minute climbdowns and concessions, the Universal Credit bill remains broken. "There are still billions of cuts on the table, and we urge MPs to approach tomorrow's proceedings with caution as their vote will have serious implications for disabled people across the country. "If disabled people feel unable to trust the government's promises on co-production and the UN needed to raise concerns over the bill's impact, how can MPs vote this bill through?"

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store