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Hoesung Lee, Chair of the Intergovernmental Panel on Climate Change (IPCC), delivered an address on the opening day of the International Conference on Climate Change and the Role of Nuclear Power, held in Vienna in the second week of October. 2019. He will review the findings of the report released a year ago by the IPCC, which featured four model pathways for limiting global warming to 1.5°C above pre-industrial levels, the threshold at which most experts believe the worst impacts from climate change can still be avoided. All four model pathways included increases in nuclear power generation by 2050, ranging between 59% and 501%.

To support the low-carbon energy transformation needed to achieve climate change goals, the conference focused on opportunities and challenges for nuclear power development. To this end, organizers brought together representatives of low-carbon energy sectors, international organizations and national experts.

IAEA Acting Director General Cornel Feruta opened the conference. Other prominent speakers included Liu Zhenmin, Under-Secretary-General for Economic and Social Affairs at the United Nations Department of Economic and Social Affairs; William D. Magwood, IV, Director-General of the NEA ; Fatih Birol, Executive Director of the International Energy Agency; LI Yong, Director General of the United Nations Industrial Development Organization; and senior officials and scientists from 75 countries including Argentina, China, Egypt, France, India, Mongolia, Morocco, the Russian Federation and the United States of America.

“Nuclear power has long made a major contribution to reducing greenhouse gas emissions and currently produces one-third of the world’s low carbon electricity while also supporting sustainable development and fulfilling growing energy demands,” said IAEA Deputy Director General Mikhail Chudakov, Head of the Department of Nuclear Energy. “We are honoured that Dr. Hoesung Lee, one of the world’s leading scientific voices on climate change, is bringing his expertise to this first-of-a-kind conference.”

Read more at the International Atomic Energy Agency, "IPCC Head to Speak at International Conference on Climate Change and the Role of Nuclear Power," by Jeffrey Donovan, August 29, 2019.

Published by Nucleation Capital in 100% Renewables, Advanced Nuclear, Carbon emissions, Climate change, Climate policy, Environmental support for nuclear, Future of Energy, History Timeline, LINKS, Politicians supporting nuclear, Scientific debate, Solving climate

Michael Liebreich, founder and senior contributor to BloombergNEF, takes a hard look at the decisions that we need to make about how we plan to transition our energy systems to eliminate emissions over the next 11 years and conducts what might be called a "come to Jesus" discussion with his readers, demanding that they review the data and get real about nuclear power.

First Liebreich provides some very compelling evidence that it would be utterly unrealistic to believe that wind and solar alone could grow at rates that are multiples of their historic rates in order to provide enough zero-carbon power to decarbonize the economy in the near term, even with their low prices.

Among the easiest, cheapest and most impactful actions nations can take to ensure their decarbonization pathway remain headed in the right direction—the "no brainer" decisions upon which any number of countries are already failing—would be to set an "overwhelming priority is to keep existing nuclear plants open."

Liebreich takes exception when it comes to the question of building new traditional nuclear power plants, and makes the case that the Gen III generation of plant designs won’t cut it on based upon economic grounds—given the failure of the industry to deliver Gen III projects on time or on budget. However, he is willing to be convinced that Gen IV nuclear, once developed, might be what we need assuming we can get these designs out within a reasonable time frame—something yet to be determined. But, given the likelihood that we will miss our targets, Liebreich calls for getting "serious about developing SMRs and researching the generation of nuclear technologies that might even follow them."

Read Michael Leibreich's "get real" talk in "Liebreich: We need to talk about nuclear power," published at BNEF.

Published by Nucleation Capital in Advanced Nuclear, Carbon emissions, Climate policy, Construction costs, Future of Energy, LINKS, Solving climate