Why Nuclear Energy Is On The Verge Of A Renaissance

CNBC published this video item, entitled “Why Nuclear Energy Is On The Verge Of A Renaissance” – below is their description.

For some, nuclear power may conjure images of mushroom clouds or bring back memories of disturbing nuclear disasters like Chernobyle and Fukushima. But despite public fear around nuclear power, the technology has proved to be an emission-free, reliable way to produce large amounts of electricity on a small footprint. As a result, sentiments about the technology are beginning to change.

Both the U.S. government and private companies including X Energy, NuScale and, Bill Gates-backed, TerraPower are pouring money into developing, what they say will be smaller, safer nuclear reactors. CNBC visited Idaho National Laboratory to see the Marvel microreactor firsthand and learn what such developments could mean for the future of nuclear power.

After humankind discovered nuclear fission, the first applied use was the atomic bomb. The study of fission for electricity production came later.

In December 1953, President Dwight D. Eisenhower gave his fateful Atoms for Peace speech, an impassioned plea to reconstitute the power of the atomic bombs dropped in World War II for a more noble cause.

“Against the dark background of the atomic bomb, the United States does not wish merely to present strength, but also the desire and the hope for peace,” Eisenhower told the United Nations.

Almost 70 years later, the tension between those end uses still underlies the space today.

From the 1950s through the 1970s, the United States dramatically increased its nuclear energy generation.

But the Three Mile Island accident in 1979 and Chornobyl meltdown in 1986 changed the landscape, spurring fear that nuclear energy could not be controlled safely.

Since the 1980s, nuclear energy capacity and generation in the U.S. has largely stayed flat. Today, the country’s fleet of nuclear power reactors produces only 19% of the country’s electricity, according to the government’s Energy Information Administration.

In more recent times, the Fukushima Daiichi accident in Japan in 2011 — and earlier this year the capture of nuclear power plants in Ukraine by invading Russian forces — have added to public concerns.

But despite its fraught origin story and the psychological effect of high-profile accidents, nuclear energy is getting a second look.

That’s largely because nuclear energy is clean energy, releasing no greenhouse gasses. Meanwhile, the world is seeing more of the effects of climate change, including rising global temperatures, increased pollution, wildfires, and more intense and deadly storms.

“We need to change course — now — and end our senseless and suicidal war against nature,” Antonio Guterres, the secretary-general of the United Nations, said in Stockholm on Thursday.

“There is one thing that threatens all our progress. The climate crisis. Unless we act now, we will not have a livable planet,” Guterres said. “Scientists recently reported that there is a 50-50 chance that we could temporarily breach the Paris Agreement limit of 1.5 degrees Celsius in the next five years.”

Watch this video for a dive into nuclear energy’s potential renaissance as a response to the growing crisis of climate change.

CNBC YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - CNBC

CNBC is an American pay television business news channel owned by NBCUniversal News Group, a division of NBCUniversal, with both indirectly owned by Comcast. Headquartered in Englewood Cliffs, New Jersey, the network primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

Recent from CNBC:

How Fiber Will Speed Up America’s Internet

Can AMC Make A Comeback?

The Other Reason Why Food Prices Are Rising

In This Story: Climate Change

Climate Change is the name commonly given to the notion that the Earth is undergoing a changing climate as a result of human activity, including notable leaders, scientists and naturalists including Sir David Attenborough.

Climate change includes both the global warming driven by human emissions of greenhouse gases, and the resulting large-scale shifts in weather patterns.

2 Recent Items: Climate Change

US President Joe Biden signs climate, tax and health bill into law – BBC News

Inflation Reduction Act ‘most significant’ step we can take on fiscal policy, says Brian Deese

In This Story: Idaho

Idaho is a northwestern U.S. state known for mountainous landscapes, and vast swaths of protected wilderness and outdoor recreation areas. The capital, Boise, is set in the Rocky Mountain foothills and is bisected by the Boise River, which is popular for rafting and fishing.

2 Recent Items: Idaho

Kim Kardashian VACAYS in Idaho After Pete Davidson Split

Meteor makes loud boom as it travels across Utah sky

In This Story: Japan

Japan is an island country in East Asia located in the northwest Pacific Ocean. Part of the Pacific Ring of Fire, Japan comprises an archipelago of 6,852 islands covering 377,975 square kilometers (145,937 sq mi); the country’s five main islands, from north to south, are Hokkaido, Honshu, Shikoku, Kyushu, and Okinawa. Tokyo is Japan’s capital and largest city.

Japan is divided into 47 administrative prefectures and eight traditional regions. The Greater Tokyo Area is the most populous metropolitan area in the world, with more than 37.4 million residents.

Japan is a great power and a member of numerous international organizations, including the United Nations (since 1956), the OECD, and the G7. Japan is a leader in the automotive and electronics industries.

4 Recent Items: Japan

Japan Tour Diary: Training Uncut

Hallie Jackson NOW – Aug. 17 | NBC News NOW

Japan’s ambassador to Australia discusses China’s escalating conflict with Taiwan | ABC News

State funeral for former Japanese leader Shinzo Abe faces growing public backlash

In This Story: Nuclear Power

Nuclear power is the use of nuclear reactions that release nuclear energy to generate heat, which most frequently is then used in steam turbines to produce electricity in a nuclear power plant. Nuclear power can be obtained from nuclear fission, nuclear decay and nuclear fusion reactions.

2 Recent Items: Nuclear Power

Calls for urgent access to Ukraine nuclear plant held by Russian forces – BBC News

What Ukraine targeting Crimea means for the resistance effort

In This Story: Paris

Paris, France‘s capital, is a major European city and a global center for art, fashion, gastronomy and culture. Its 19th-century cityscape is crisscrossed by wide boulevards and the River Seine. Major landmarks include the Eiffel Tower, the 12th-century, Gothic Notre-Dame cathedral and the Arc de Triomphe on the Champs-Élysées.

3 Recent Items: Paris

Some race! PARIS HOUSE bowls along in front but gets caught by SHEIKH ALBADOU in the 1991 Nunthorpe

Man Utd players put my plan in the bin, claims Ten Hag after 4-0 Brentford thrashing

Marcus Rashford: Erik ten Hag expects forward to stay at Man Utd

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.