A range of tools, including state action and power market changes, are needed to ensure that existing nuclear power plants help keep the United States on track to meeting its climate goals. That was the consensus of experts C2ES convened this week at the National Press Club to discuss nuclear’s role as a zero-carbon energy source.
In a new brief, Climate Solutions: The Role of Nuclear Power, C2ES laid out some of the factors that led to the premature retirement of five nuclear reactors. Nuclear power provides more than 60 percent of zero-carbon emission electricity in the United States. So further closures will make it harder to reduce U.S. carbon emissions.
C2ES assembled a group of experts, including Peter Lyons, U.S. Assistant Secretary for Nuclear Energy; Carol Browner, Center for American Progress Distinguished Senior Fellow and former EPA Administrator; and Bill Mohl, President of Entergy Wholesale Commodities, to suggest potential remedies for preserving the existing nuclear fleet.
Notably, not all of the 100 operating nuclear reactors are at risk, only the 46 that operate as “merchant” generators and compete in wholesale power markets. Pressures they face include low natural gas prices, renewables policy, a slowdown in demand for electricity, unfavorable power market structures, and the absence of a price on carbon.
From late 2012 through the summer of 2013, four power companies announced the early retirement of five nuclear reactors. In early 2014, the nation’s largest operator of nuclear power plants announced that it, too, is considering early retirements for some of its Midwest reactors.
In a new brief, the Center for Climate and Energy Solutions (C2ES) looks at what’s behind these recent announcements, and how a continued loss of nuclear power – a zero-carbon energy source -- could make it harder for the United States to meet its climate goals.
Since 1990, nuclear power has consistently supplied about one-fifth of U.S. electricity. More importantly from a climate perspective, it has represented the lion’s share -- 60 to 70 percent -- of all zero-carbon electricity.
In a recent report to the United Nations, the State Department lays out the United States’ strategy for achieving its goal of reducing emissions 17 percent below 2005 levels by 2020. The strategy is “ambitious,” as the State Department says. But a close read reveals that, in some key respects, it is more a menu of options than a clear blueprint.
The Biennial Report is the first required of parties to the U.N. Framework Convention on Climate Change as part of a series of measures aimed at ensuring greater transparency about steps countries are taking to meet their international climate pledges.
The figure below helps visualize the challenge facing the United States. The blue bar on the left represents 100 percent of U.S. emissions in 2005, or 7,195 million metric tons of carbon dioxide-equivalent emissions. On the right side is the 2020 goal to reduce emissions by 1,223 million metric tons, or 17 percent.
A recent "60 Minutes" story highlighted the demise of a few high-profile clean-tech companies that received federal funding. The story neglected to report why clean technology is vital to the future of our economy and environment in the first place, and therefore why it makes sense for the government to promote the development of wind and solar energy, electric vehicles, and other clean tech. Simply put, the goal is to transform our economy from one based on fossil fuels that emit heat-trapping gases to one based on clean energy that won't contribute to global climate change.
The United States is moving toward meeting all of its energy needs from domestic resources even faster than was predicted just a year ago.
The International Energy Agency (IEA) said last year that the U.S. would become the world’s largest oil producer, surpassing Saudi Arabia and Russia, by 2017. Its new World Energy Outlook moves that up to 2015. The U.S. is already the world’s top producer of natural gas, a position it reached in 2012 thanks to an expanding supply of shale gas. The IEA sees the United States holding both top spots at least until the early 2030s and being energy self-sufficient by 2035.
This huge shift didn’t happen by accident, and it will have implications for both the economy and the environment.