Beyond Iran And Pakistan: 7 Nuclear Wannabes
The meltdown at the Fukushima Daiichi nuclear complex in 2011 following the Japanese tsunami forced a major rethink of nuclear power as a safe form of electricity generation. As radiation from the plant spewed into the ocean and nearby communities following an immediate evacuation, the world reaction was swift and dramatic. Within days the spot price of uranium collapsed. Japan ordered the shutdown and maintenance of all its existing reactors. Germany, a major consumer of nuclear power, permanently closed 8 of its 17 nuclear reactors; other European countries shelved their nuclear plans.
While fear still lingers of a nuclear catastrophe on a similar scale as Fukushima, or earlier accidents such as Three Mile Island or Chernobyl, that hasn’t stopped a slew of countries from moving forward on plans to develop nuclear plants as an adjunct to existing power sources like hydro, coal, natural gas and good ol’ oil.
Especially in developing countries that lack access to fossil fuels, nuclear is seen as a viable and cost-effective form of baseload power.
Related: No Country For King Coal – The Changing U.S. Energy Mix
Of course, these plans immediately arouse suspicions that nuclear power is being used as a ruse for developing nuclear weapons. The most obvious example is Iran, which already operates a large nuclear reactor – Bushehr 1 – but continues to engage in uranium enrichment despite a requirement by the United Nations Security Council to suspend such activities. Iran’s nuclear ambitions have resulted in U.S.-led sanctions and raised the opprobrium of Israel, which in turn has found itself at odds with the United States, particularly the Obama Administration, which seeks an accommodation with Iran.
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