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Launch of the new NEA report on “Unlocking reductions in the construction cost of nuclear: A practical guide for stakeholders”
In many countries nuclear energy is considered a viable option to address climate change and air pollution, but the rate of new nuclear construction is not on track to achieve the emission reduction targets set in the Paris Agreement. Unfortunately, the construction of first-of-a-kind generation-III reactors over the past decade has been impacted by significant delays and cost overruns in some markets. The economics of nuclear new build is further challenged by current electricity markets, which do not have signals to incentivise investment in high capital cost low-carbon technologies.

For nuclear energy to play an effective role as part of the sustainable energy mix of the future, it will need to overcome these cost challenges. In this context, the NEA has explored in depth the opportunities to reduce the costs of new nuclear generation. The forthcoming report will provide a number of recommendations, both for the nuclear sector and for policy makers, to unlock meaningful cost reductions for future nuclear construction projects. It will also explore the risk allocation and mitigation priorities needed to define adequate financing schemes for these projects. The key findings of this report will be discussed by a panel of key policy and industry experts:

• William D. Magwood, IV, NEA Director-General
• Pál Kovács, State Secretary responsible for maintaining the capacity of the Paks Nuclear Power Plant, Hungary
• Liisa Heikinheimo, Deputy Director General (Nuclear Energy and Fuels), the Ministry of Economic Affairs and Employment (MEAE), Finland
• Kirsty Gogan, Co-Founder and Global Director, Energy For Humanity
• Kirill Komarov, First Deputy Director General for Corporate Development and International Business, ROSATOM
• Mike Middleton, Energy Systems Catapult, and Chair of the NEA Ad hoc Expert Group on Reducing the Costs of Nuclear Power Generation
• Xavier Ursat, Group Senior Executive Vice President, New Nuclear Projects and Engineering, EDF

Jul 2, 2020 03:30 PM in Paris

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