London Daily

Focus on the big picture.
Monday, Jun 01, 2026

Interest In Nuclear Power On Rise As Cost Of Importing Energy Increases

Interest In Nuclear Power On Rise As Cost Of Importing Energy Increases

Investment in nuclear power declined after Japan's 2011 Fukushima disaster, the world's worst nuclear accident since Chernobyl in 1986, as fears over its safety increased and governments ran scared.

As the costs of importing energy soars worldwide and climate crises wreak havoc, interest in nuclear power is on the rise with nations scrambling to find alternative sources.

Investment in nuclear power declined after Japan's 2011 Fukushima disaster, the world's worst nuclear accident since Chernobyl in 1986, as fears over its safety increased and governments ran scared.

But following Moscow's invasion of Ukraine in February, the subsequent squeeze on energy supplies and Europe's push to wean itself off of Russian oil and gas, the tide is now turning back in favour of nuclear.

Governments face difficult decisions with rising gas and electricity bills and scarce resources threatening to cause widespread suffering this winter.

Some experts argue that nuclear power should not be considered an option, But others argue that, in the face of so many crises, it must remain part of the world's energy mix.

One of the countries reconsidering nuclear energy is Japan, where the 2011 accident led to the suspension of many nuclear reactors over safety fears.

This week Japan's Prime Minister Fumio Kishida called for a push to revive the country's nuclear power industry, and build new atomic plants.

Other countries that were looking to move away from nuclear have discarded those plans -- at least in the short term.

Less than a month after Russia's attack on Ukraine, Belgium delayed by a decade its plan to scrap nuclear energy in 2025.

While nuclear power, currently used in 32 countries, supplies 10 percent of the world's electricity production, the International Atomic Energy Agency (IAEA) raised its projections in September for the first time since the 2011 disaster.

The IAEA now expects installed capacity to double by 2050 under the most favourable scenario.

Climate reasoning


Even in Germany, Europe's biggest economy, sticking with nuclear is no longer a taboo subject as the energy crisis rekindles debate on shutting down the country's last three nuclear power plants by the end of 2022.

Berlin said last month it would await the outcome of a "stress test" of the national electric grid before deciding whether to stick with the phaseout.

Greenpeace Germany's climate and energy expert, Gerald Neubauer, said turning to nuclear was "not a solution to the energy crisis".

He said nuclear energy would have "limited" efficacy in replacing Russian gas since it is mainly "used for heating" in Germany not for electricity production.

"The reactors would only save the gas used for electricity, it would save less than one percent of the gas consumption," he added.

But according to Nicolas Berghmans, energy and climate expert at the IDDRI think tank, extending the use of nuclear "can help".

"Europe is in a very different energy situation, with several overlapping crises: the problem of Russian gas supply, the drought that has reduced the capacity of dams, the French nuclear plants' weak output... so all the levers matter," he said.

The pro-nuclear lobby says it is one of the world's best options to avoid climate change since it does not directly emit carbon dioxide.

In fact, nuclear energy accounts for a bigger share of the world power mix in most of the scenarios put forward by the IPCC, the UN's climate experts, to alleviate the global climate crisis.

Divided opinions


As the need for electricity booms, several countries have expressed a desire to develop nuclear infrastructure including China -- which already has the largest number of reactors -- as well as the Czech Republic, India and Poland since nuclear offers an alternative to coal.

Likewise, Britain, France and the Netherlands have similar ambitions, and even the United States where President Joe Biden's investment plan encourages the sector's development.

The IPCC experts recognise that the deployment of nuclear energy "can be constrained by societal preferences" since the subject still divides opinion because of the risk of catastrophic accidents and the still unresolved issue of how to dispose of radioactive waste safely.

Some countries, like New Zealand, oppose nuclear, and the issue has also been hotly debated in the European Union over whether it should be listed as a "green" energy.

Last month, the European Parliament approved a contentious proposal giving a sustainable finance label to investments in gas and nuclear power.

Other issues remain over nuclear infrastructure including the ability to build new reactors with costs and delays tightly controlled.

Berghmans pointed to "long construction delays".

"We're talking about medium-term solutions, which won't resolve tensions in the market", as they will arrive too late to address climate crises, he said, but suggested focusing on the "dynamic" renewable energies sector that can be immediately helpful.

Newsletter

Related Articles

0:00
0:00
Close
Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures
South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections
United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos
Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems
Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters
Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation
Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism
Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives
Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak
International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms
Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination
China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties
Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts
Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa
Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns
Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability
Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture
Global Critical Mineral Alliances Expand as Western Nations Move to Counter Chinese Supply Dominance
United States Imposes Fifty Percent Tariffs on Mexican Steel and Aluminum Ahead of Trade Pact Review
European Union and China Head Toward Major Trade Conflict Over Clean Technology Exports
United States Economic Growth Severely Downgraded to One Point Six Percent as Stagflation Fears Mount
World Health Organization Warns Central African Ebola Epidemic is Outpacing Containment Efforts
United States Treasury Department Conditions Sanctions Relief on Reopening of the Strait of Hormuz
Iranian Air Defenses Intercept and Destroy United States Military Drone Over Bushehr Province
Iranian Armed Forces Launch Ballistic Missiles Toward Unspecified Targets Prompting Regional Condemnation
United Nations Secretary-General Warns Global Order Facing Highest Level of Conflict Since 1945
Israel Issues Sweeping Evacuation Orders in Southern Lebanon Amid Intensified Hezbollah Conflict
Russia Announces Systemic Military Strikes Targeting Ukrainian Defense and Energy Infrastructure
United States and Iranian Negotiators Reach Draft Agreement to Extend Ceasefire and Resume Nuclear Talks
United Nations Security Council Deeply Divided Over United States Capture of Venezuelan President
US and Iran Exchange Direct Military Strikes Amid Fragile Gulf Ceasefire
World Health Organization Warns of Catastrophic Ebola Outbreak in DR Congo
Russia Threatens New Wave of Strikes on Ukrainian Infrastructure and Embassies
Scientists Warn Atlantic Ocean Currents Could Collapse Faster Than Projected
Anthropic Reaches $900 Billion Valuation in Historic AI Funding Round
Washington Imposes Crippling Sanctions on Iranian Maritime Authority
Japan and the Philippines Initiate Strategic Intelligence-Sharing Pact
Microsoft Deploys Autonomous Computer-Using AI Agents to Global Markets
Anthropic Secures $45 Billion Compute Infrastructure Agreement With SpaceX
U.S. Director of National Intelligence Resigns Amid Administration Shakeup
Micron Technology Crosses Trillion-Dollar Valuation Amid Unprecedented Hardware Demand
Canada and Germany Finalize Historic Long-Term LNG Export Agreement
China Expands International Travel Restrictions on Domestic AI Researchers
Japan Approves Sweeping Overhaul of National Intelligence Apparatus
Global Airlines Scramble Logistics as Middle East Airspace Remains Fractured
Japan's Naphtha Imports Plunge 47 Percent Amid Strait of Hormuz Closure
Global Crude Prices Retreat Below $96 as Gulf Tensions Momentarily Ease
Generative AI Outperforms Human Baselines in Landmark Global Creativity Study
NASA Partners With Private Aerospace to Unveil Permanent Lunar Base Architecture
South Korean Equity Markets Surge on Next-Generation Memory Chip Frenzy
×