Despite the European Union's decision last year to label nuclear energy as sustainable, none of the world's 30 major banks explicitly included nuclear energy in their criteria for issuing green or sustainability-linked bonds, the researchers found. The study surveyed 30 banks deemed systemically important by the Financial Stability Board and found that 17 explicitly excluded nuclear energy from their green financing frameworks. The EU's green bond standards include nuclear power, but excluding it could limit the sector's access to growing sustainable capital. Nuclear power isn't considered climate-damaging, but it does produce radioactive waste. Countries such as Germany and Austria oppose nuclear energy, citing concerns about waste disposal, accidents and delays.
An international team led by researchers at the Indian Institute of Technology (IIT) Jodhpur has proposed offshore wind farms as an earthquake-resistant alternative energy source. The proposed methodology involves the estimation of nuclear reactor coolant power requirements, the design of offshore wind turbines, and seismic safety assessments. The proposed 15 MW offshore wind farm features three NREL 5 MW turbines supported by monopile foundations to serve as additional emergency backup power to meet the cooling power needs of the existing nuclear power plant. The presented method serves as an excellent framework for assessing the seismic resilience of nuclear power plants and the integration of wind energy resources during interrelated events such as earthquakes and tsunamis.
A coal-to-nuclear (C2N) transition could help boost U.S. nuclear capacity beyond 350 GWe, a report found. The current US nuclear fleet has a total capacity of 95 GWe. 80% of potential sites are suitable for accommodating advanced nuclear power plants of different sizes and types, depending on the size of the site being retrofitted. Coal power plant owners and their communities have economic potential in the C2N transition, according to a new report. Using existing land, grid connections, office buildings, electrical equipment and civil infrastructure can also save millions of dollars in upfront costs. The report underwent independent peer review by experts in systems engineering and regional economic modeling.
While countries seek alternative energy, people's interest in nuclear energy is growing. From a disaster in Fukushima, Japan, concerns for his safety is growing. The Russian invasion of Ukraine will put pressure on energy supply, and Europe hopes that it will end its addiction to Russian oil and natural gas. Some experts believe that nuclear energy should not be viewed as a choice, but others believe that it still has to be part of the world's energy "basket". Nuclear energy is no longer a taboo topic. The parenting group said that this is one of the best choices in the world to avoid climate change because it does not broadcast directly carbon dioxide. Some countries, including China, India and Poland, expressed their desire to develop nuclear infrastructure.
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