Fukushima: A decade after: the future of nuclear energy looks bleak (NIAS/CSS/SDP/U/IB/15/2021)

Publication Type:

Issue Brief

Source:

NIAS, Bangalore (2021)

Abstract:

<p>In March 2021, Japan, and the world, observed the tenth anniversary of the Fukushima nuclear disaster. Fukushima, one of the worst disasters since Three Mile Island (1979) and Chernobyl (1986), has set in motion certain trends in the global energy sector which have caused a waning of the nuclear dream. With the climate change imperative necessitating a shift from carbon-emitting sources of energy, nuclear energy is struggling to compete with the renewables to take the pre-eminent position of coal. Developments in the global energy market, along with public opinion and technological advances in the renewable sector are ensuring that the decline of nuclear energy will go hand in hand with the advent of renewables, with solar and wind power being the prime candidates for replacing coal. Despite certain advantages enjoyed by nuclear energy, including being a reliable baseload supplier, this century will be defined by renewables, the way last century was defined by coal and oil.</p>