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Renewable energy beats nuclear in the world’s top economies

New Delhi, July 15 (G’nY News Service): The World Nuclear Industry Status Report 2015 released in the House of Commons in London revealed that the major economies of the world now bank more on renewable energy sources than nuclear for their electricity demands. The report states that solar, wind and other forms of renewable energy, other than hydro-electric dams are the chief sources of electricity for countries such as India, China and Japan along with Brazil, Germany, Mexico, Netherlands and Spain. Notably, these economies represent around half of the world’s total population.

The report also revealed that almost half of the world’s total addition to electricity in 2014 was from renewable energy, barring hydro-dams.

On an average, nuclear power stations produce twice as more electricity than renewable for every kilowatt installed. But with the gradual growth of solar, wind and other renewables in the recent years, atomic energy is slowly being eclipsed. The reason behind the surge for renewable energy is attributed to the Fukushima disaster that happened in Japan in 2001.
Increasing costs, construction delays, public opinion and ageing reactors are hurting the chances of nuclear energy.At the same time, decreasing costs, efficiency and better management of renewable supplies, along with proper storage facilities is changing the face of renewable energy globally.

Jonathon Porritt, co-founder of the Forum for the Future, wrote a foreword in the report. It said “The impressively resilient hopes that many people still have of a global nuclear renaissance are being trumped by a real-time revolution in efficiency plus renewable plus storage, delivering more and more solutions on the ground every year.” [Alarbiya]

The report’s main authors include eminent industry analysts Mycle Schneider and Anthony Froggatt, both of whom have advised European governments on energy and nuclear policies.

Renewable energy beats nuclear

(Source: www.icepieimages.com)

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