CIPS and Smart Prosperity Initative invite you to the Canada launch of the World Nuclear Industry Status Report 2017. Nuclear utilities are struggling with low wholesale power prices, high debt loads, a shrinking client base with declining electricity consumption, increasing production costs at aging facilities, and stiff competition, especially from renewables. The future does not look rosier for the industry, notably with incoming Presidents in France, South Korea, and the U.S., representing three of the top-five nuclear electricity generators in the world, who have either moved to actively close reactors or declined to intervene to bring new ones online.
At the same time, there is an ongoing surge in renewable energy deployment around the world, beating out nuclear power everywhere. Renewables accounted for 62% of additions to global power generating capacity in 2016. New renewables come in cheaper than operating and maintenance costs of existing nuclear power plants. Current projections are: “By the end of 2017, solar PV capacity will rival nuclear. By 2022, it could more than double nuclear capacity.”
Opening Remarks Representative, Ontario Ministry of Energy
Mycle Schneider works as independent international analyst on energy and nuclear policy, based in Paris, France, (and Rockingham, Ontario) . Mycle is the Convening Lead Author and Publisher of the annual World Nuclear Industry StatusReport. He is a Founding Board Member and the Spokesperson of the International Energy Advisory Council (IEAC), USA, and the Coordinator of the Seoul International Energy Advisory Council (SIEAC) that advises the Seoul Metropolitan Government, South Korea. In 2007, he was appointed as a member of the International Panel on Fissile Materials (IPFM), based at Princeton University, USA. Between February 2010 and June 2011, he acted as Lead Consultant for the Asia Clean Energy Policy Exchange, implemented by IRG, funded by USAID, with the focus of developing a policy framework to boost energy efficiency and renewable energies in six Asian countries.