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 factors have contributed to the global lack of interest in building new nuclear reactors?

How does the construction pace of nuclear power plants in China compare to that in the US?

What role does government policy play in the nuclear power industry, particularly in Russia?

In what ways have recent technological advancements in renewable energy impacted the nuclear power industry?

What are some of the public perceptions and fears surrounding nuclear technology?