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The economics of nuclear power
Publication Date:
2 May 2007Body:
Over the last two decades there has been a steep decline in orders for new nuclear reactors globally. Poor economics has been one of the driving forces behind this move away from nuclear power.
The civilian nuclear power industry has been in operation for over fifty years. During such a long period, it would be usual for technological improvements and experience to result in learning and subsequently enhancements in economic efficiency. However, the nuclear industry has not followed this pattern.
This independent report details the rising costs and delays of nuclear construction as well as problems the industry is experiencing with new reactor design.