Opinion / David Hodari
Power of good
When I wrote my first story about nuclear power a few years ago, the power source was seen as the global energy family’s gawky cousin who nobody wanted to get stuck next to at dinner. Nuclear-power companies were struggling with project delays and bankruptcy, and erstwhile advocates Japan and Germany were cutting and running after the Fukushima disaster. Now, against a backdrop of a climate crisis and war, nuclear’s fortunes are undergoing a remarkable turnaround.
Last week, Japan’s prime minister Fumio Kishida asked a government panel to look at equipping new nuclear reactors with additional safety mechanisms as part of Tokyo’s carbon-neutrality efforts. And, in the year that Germany’s last three reactors were meant to be switched off, chancellor Olaf Scholz said that extending their use could help soften Russia’s ability to weaponise gas exports. Countries that stuck with nuclear energy regardless of Fukushima – the US, France – are pouring money into miniature reactors. All of this is to reduce carbon emissions and increase energy independence, particularly given the litany of dictatorships and failed states among the world’s major oil and gas producers.
Nuclear’s lack of appeal over the years has been understandable. It’s not as easy to use as fossil fuels and when it goes wrong the consequences can be awful. And because plants generate nuclear waste and require emissions-intensive concrete in their construction, it’s not as clean as wind or solar power. This, and its association with warheads, explains why it’s not received support from eco-activists. But my response to nuclear’s resurgent popularity is, “Well, duh.”
Beggars can’t be choosers and the world’s clean-energy storage capacity is nowhere near developed enough. In its generation, nuclear power’s emissions are almost zero and more reliable than intermittent solar and wind. If the developed world intends to salvage both the environment and democracy, nuclear power is the obvious choice.
David Hodari is Monocle’s business editor.