BNEF Brief: Nuclear's Survival Plan

The global nuclear industry added 10.4 gigawatts of capacity last year, mainly from China. However, new reactor construction is at a 10-year low due to high costs and lack of interest, especially in the US. China and Russia are key players, with Russia having a strong government policy supporting nuclear power. The shift towards renewables and cheaper natural gas, along with fear and lack of innovation in nuclear technology, contribute to the industry's slow growth. Despite this, a new cycle of innovation is emerging, promising advancements in the next five to six years.

What is the primary reason for the global decline in new nuclear reactor construction?

• Environmental concerns

• Lack of interest in nuclear energy

• High construction costs and lack of expertise

• Political instability

Which country has not started a new nuclear power plant construction project in the last 2-3 years?

• Russia

• United States

• China

• India

What is a significant factor contributing to Russia's success in nuclear expansion?

• Abundant natural resources

• Strong government policy support

• Advanced technology

• International collaborations

What has contributed to the shift away from nuclear energy?

• Decreasing costs of wind, solar, and natural gas

• Increased political support for nuclear

• Rising costs of wind and solar

• Technological advancements in nuclear

What is a major challenge facing the nuclear industry today?

• Rapid technological innovation

• High demand for nuclear energy

• Public fear and lack of understanding

• Abundant government funding