In the coming year, while Britain has plans on expanding its nuclear power production, Germany has plans to phase out nuclear energy. The country would then rely on natural gas.
FREMONT, CA: Nuclear power is one of the most dependable energy sources, however, the disasters at Fukushima, Chernobyl and Three Mile Island generate doubt and anxiety in the minds of investors. In comparison to wind and solar energy, nuclear power plants have always been expensive and the major issue arises on how to store the radioactive waste generated.
Though Germany has been winding down its nuclear industry after the 2011 Fukushima disaster in Japan, other governments and investors are willing to give the nuclear industry another chance due to the increasing climate crisis. In the current circumstance, nuclear energy contributes to 10 percent of global electricity production. However, the United States and the United Kingdom generate about 20 percent of the electricity from nuclear energy whereas France makes about 70 percent. Despite the fact the world is in a nuclear dilemma, the UK government supports the construction of the nation’s first nuclear power station in more than two decades in Southwestern England. France also plans to build new power plants in nearly twenty years. This makes France and Germany incompatible when it comes to the crucial decision by the European Union in categorizing nuclear as "green" on a controversial list of sustainable energy sources. It is also assumed that both nuclear and natural gas could qualify for green financing.
Although nuclear power gives out zero emissions, the uranium required to process it generates greenhouse gases. Nonetheless, an analysis by the European Commission concluded that nuclear emissions are almost the same as wind energy and a little less than solar energy as far the whole production process is taken into account. Even though increased demand for power would reduce its share of the electricity mix,
The International Energy Agency affirms that nuclear power generation is likely to double between 2020 and 2050 in the pursuit of net-zero emissions.