Dec 01, 2011
Any new disaster could spell the end of nuclear industry – economistBack
DURBAN|Nuclear|Renewable Energy|Renewable-Energy|Safety|System|America|China|Germany|India|Japan|COP|USD|Japan-based Nuclear Facility|Electricity System|Energy|Energy Sector|Long-term Energy Option|Nuclear|Nuclear Energy Seminar|Jan Keppler|Power
© Reuse this
The accident had a major impact on Japan’s energy and electricity system, he said at a Department of Energy nuclear energy seminar on the sidelines of the seventeenth Conference of the Parties, or COP 17, in Durban.
In addition to the immediate loss of 9.7 GWe nuclear power, 10 GWe of power derived from fossil fuels was also lost. Shortly after, 3.5 GWe at another Japan-based nuclear facility in Hamaoke was shut down.
Electric capacity was made worse by routine shutdowns and regional resistance, with the estimated costs of the disaster at $300-billion.
He added that there might be a renewed polarisation between developed and developing countries, that would see OECD Europe and America decrease nuclear shares, while nuclear development in China and India were likely to increase.
Germany’s to phase out nuclear as part of wider restructuring of the energy sector, reduced output by 1 804 TWh from 17 reactors with 20.5 GW capacity, Keppler said. Producing this amount with nuclear would have cost €30.2-billion.
“In OECD Europe, the ability of nuclear to integrate with renewable energy sources is key, since shares of renewable will increase and network management becomes of greater importance.”
However, Keppler said a lack of alternatives at a large scale and increasing energy demand in many countries still supported inclusion of nuclear power owing to its economic competitiveness.
Over the long-term, rising electricity prices would mean that nuclear would be a competitive solution for baseload electricity production, if financing costs could be controlled and carbon was appropriately priced.
But, the Japanese accident strongly affected public opinion and would slow nuclear development in the medium term.
“Overall, the ability to rebuild trust with the public will determine the future of nuclear,” Keppler said.
He said the world had to pay more attention to external natural events such as seismic events and tsunamis, and severe accident management and emergency preparedness needed to be improved.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
Other Electricity News
Updated 1 hour 31 minutes ago Finance Minister Nhlanhla Nene confirmed a further direct allocation to power utility Eskom of at least R20-billion. But he also stressed on Wednesday that the injection would have no impact on the Budget deficit as the capital would be raised through the sale of...
Updated 1 hour 31 minutes ago Government aimed to fast-track certain “fast-growing” infrastructure programmes, despite cutting back on expenditure over the next few years, the 2014 Medium-Term Budget Policy Statement (MTBPS) revealed on Wednesday. The MTBPS, released by new Finance Minister...
Updated 6 minutes ago Failed South African lender African Bank Investments (Abil) is likely to re-list on the stock exchange early next year, and its government supervision will be concluded without the use of taxpayer money, Finance Minister Nhlanhla Nene said on Wednesday. The central...
Updated 21 minutes ago Department of Trade and Industry export promotion and marketing chief director Zanele Sanni has invited manufacturing and advanced manufacturing companies from Shenzhen, China, to invest in South Africa, noting that Chinese investors could also access the additional...
Updated 52 minutes ago The Competition Commission on Wednesday announced that it had unconditionally approved the merger between JSE-listed Distribution and Warehousing Network’s (Dawn’s) Watertech and Sanitaryware business with Grohe International. Under the terms of the merger agreement,...
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
This Week's Magazine
The broad-based black economic-empowerment (BBBEE) alignment process in the con-struction sector has begun, dur-ing which the sector codes of the Construction Sector Charter Council (CSCC) will be aligned with the revised Codes of Good Practice (CoGP), which come...
It is second time lucky for Toby Venter. Ten years ago he negotiated to buy the Kyalami racetrack, but “the deal did not materialise”.
Environmental solutions company I-Cat started construction work on its R22-million, 1 949 m2 environmentally sustainable office and warehouse facility, commissioned by I-CAT Environmental Solutions, at a launch event in October. The new sustainable I-CAT campus,...
Effective file synchronisation and sharing across an organisation’s structures can provide the basis for robust mobile-device and document management while maintaining proper backup, version control and content distribution. These are the lessons learned by complex...
Hotel group Carlson Rezidor currently holds the largest hotel pipeline in Africa with 30 hotels and 6 300 rooms under development. The hotel group develops and operates Radisson Blu in the upper upscale segment and Park Inn by Radisson in the mid-market segment. With...