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Renewable energy won’t be able to make up for the loss of carbon-free electricity resulting from a wave of nuclear-power plant closures in the coming decades, according to a new report released today by environmental group Center for Climate and Energy Solutions.

Expand chart
Reproduced from Center for Climate and Energy Solutions; Chart: Axios Visuals

Why it matters: This group’s report, which also includes policy proposals, represents a growing urgency among some environmentalists that carbon-free nuclear power should be part of the equation addressing climate change despite other big concerns, such as upfront costs and what to do with radioactive waste.

“The nut we really want to crack is how renewables and nuclear can work together for each other’s mutual benefit. We need to have 80% reductions by 2050. We’re not going to get there if renewables and nuclear are fighting each other.”
— Doug Vine, senior energy fellow, Center for Climate and Energy Solutions

Fast facts: Nuclear power provides 20% of America's electricity, though more than 50% of its carbon-free power.

Report highlights:

  • The nuclear reactors that have already shut down are being replaced mostly by natural gas, “sending U.S. emissions in the wrong direction.”
  • Noting that any federal policy driving nuclear power is unlikely in the near term, the report says action by states and corporations will be key.
  • Some states are already taking action, and New York’s electric-grid operator floated a proposal last week about how it could put a price on carbon emissions within its system, which would help nuclear plants.
  • Nuclear energy’s carbon-free attribute may not be attractive enough for cities and companies without coming up with a federal answer to store spent fuel: “solving the long-term waste challenge will likely be important to win support for nuclear power from cities and businesses,” the report states.

What's next: The U.S. Nuclear Regulatory Agency is gearing up to review requests from companies to run some nuclear reactors for an unprecedented 80 years, 20 years longer than current operating licenses. Assumptions about future emissions levels also assume the agency approves these requests, in a process that could take a couple of years.

Go deeper

48 mins ago - World

Netanyahu campaigns against Biden's plan to save Iran deal

Netanyahu campaigns at a gym last month. Photo: Pool/AFP via Getty

Israeli Prime Minister Benjamin Netanyahu indirectly criticized the Biden administration for its intention to return to the Iran nuclear deal and told his supporters he was prepared to "stand against the entire world" to stop it.

Why it matters: This is a major change of tune for Netanyahu, who had been careful in his statements on the Iran deal and avoided publicly criticizing President Biden. The statement was part of Netanyahu's attempt to rally his base ahead of Israel's election on March 23.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Tech: "Fludemic" model accurately maps COVID hotspotsVirtual doctor's visits and digital health tools take off.
  2. Politics: Schumer says Senate will stay through weekend to vote on COVID relief — Republican governor of West Virginia says there's no plan to lift mask mandate.
  3. World: Canada vaccine panel recommends 4 months between doses.
  4. Business: Firms develop new ways to inoculate the public.
  5. Local: Ultra-rich Florida community got vaccinations in January.
Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

Why fears of a SPAC bubble may be overblown

Illustration: Annelise Capossela/Axios

The SPAC surge continues unabated, with 10 new ones formed since Wednesday morning. And that's OK.

Between the lines: There are growing concerns that retail investors are about to get rolled, with smart sponsors taking advantage of dumb money.