Rocky Mountain Institute’s Amory Lovins says attempts to reboot coal and nuclear power like defibrillating a corpse: “it will jump but won’t revive.”
First-quarter decline in investment reflects partly falling cost of capital for renewables, allowing investors to install same capacity for less cash.
The most important impact of the crisis facing Toshiba and Westinghouse is the chilling effect it will have ‒ and is already having ‒ on the nuclear power industry.
As expected, France was heavily dependent on power imports during the first cold spell of this winter, even with most of its nuclear reactors back online. And it is paying twice as much for peak power as Germany.
New York Governor Andrew Cuomo promises declining carbon emissions even as the state closes the Indian Point nuclear power plant.
Vietnam parliament votes to scrap plans to build 4GW of nuclear power, citing declining electricity demand and a doubling in the cost of the two plants to $US18 billion.
French consumers and industrial groups warned to expect rolling blackouts and soaring power prices as one-third of nuclear fleet closed due to safety issues.