Harmony – the future of electricity

and nuclear delivering its potential

New build and new countries

2
 Highest level of construction in
twenty five years: 57 reactors worldwide
Russia
China 6
15 6 India

Argentina 4 UAE
1 1
Finland
1 Turkey
Bangladesh 2
1 Brazil 4 South Korea

Belarus 2 1
France
2 Pakistan
Chinese Taipei 2
2 USA
Japan 2 2 2

Ukraine Slovakia Source:

World Nuclear Association 3
 2018: Nuclear growth is accelerating

• New countries and new supply chains

• Nuclear growth at a 25-year high
• Driven by need for
clean, reliable 24/7
electricity 2018
14 new
2015-2017 reactors
10 new reactors per expected
25 year average to 2014 year 2015, 2016
Long term average of 4 new 2017
5 new reactors per year 4
Demand for electricity continues to rise
and must be met cleanly

O I D
AV

5
Decarbonising electricity generation –
need for low life cycle emissions:
Nuclear energy is among the best

Source: World Nuclear Association meta study, incl. IPCC 2014

6
IEA 2°C Scenario: Nuclear to
provide a significant contribution to
global electricity in 2050

7
Nuclear makes quick, lasting
decarbonisation possible

Source: Cao et al, Science, August 2016. UAE projections by WNA 8

Harmony: a goal for the nuclear community

1000 gigawatt
new nuclear
capacity by 2050

25% of electricity
supply in 2050

Nuclear to deliver
reliable, affordable
and clean electricity

9
 Establish a level playing field

Establish a level playing field in energy markets which drives

investment in future clean energy, where nuclear energy is treated
on equal opportunity with other low-carbon technologies and
recognized for its value in a reliable, robust low-carbon energy mix.

Levelised cost of electricity ranges (LCOE)

at 7% discount rate

10
 Establish a level playing field
Establish a level playing field in energy markets which drives
investment in future clean energy, where nuclear energy is
treated on equal opportunity with other low-carbon
technologies and recognized for its value in a reliable, robust
low-carbon energy mix.
Actions:
• Adopt energy market policies that support all low-carbon energy
sources.
• Adopt appropriate carbon pricing or mechanisms.
• Ensure grid system and energy security costs and benefits are
recognized and rewarded in the energy market.
• Provide long term price certainty for investment in high capital low-
carbon electricity generation projects.
• Avoid nuclear specific tax burdens.
11
 Ensure harmonised regulatory
processes
Ensure harmonised regulatory processes to provide a more
internationally consistent, efficient and predictable nuclear
licensing regime allowing for standardised solutions, to facilitate
significant growth of nuclear capacity and timely licensing of
innovative designs.
Examples of publications
• Facilitating International. Licensing of
Small. Modular Reactors, 2015
• Aviation Licensing and Lifetime
Management – What Can Nuclear Learn?
2013
• International Standardization of Reactor
Designs, 2010
• Benefits Gained through International
Harmonization of Nuclear Safety Standards
for Reactor Designs, 2008 12
 Ensure harmonized regulatory
processes
Ensure harmonized regulatory processes to provide a more
internationally consistent, efficient and predictable nuclear
licensing regime allowing for standardized solutions, to
facilitate significant growth of nuclear capacity and timely
licensing of innovative designs.

Actions:
• Increase awareness that harmonized regulations and enhanced
international cooperation are compatible with regulatory
independence and national sovereignty.
• Strengthen current industry activities towards the harmonization of
regulatory processes.
• Develop a coherent roadmap to a more internationally consistent
regulatory system and international design acceptance by raising
the level of international activities by regulators and governments.
13
 Create an effective safety paradigm
Create an effective safety paradigm focusing on genuine
public wellbeing, where the health, environmental and safety
benefits of nuclear are valued when compared with other
energy sources.
Energy accident fatalities for OECD countries

Source: Paul Scherrer Institut.

Data for nuclear accidents
modified by WNA to reflect
UNSCEAR recommendations
2012 and NRC SOARCA
study 2015

14
 Create an effective safety paradigm
Create an effective safety paradigm focusing on genuine public
wellbeing, where the health, environmental and safety benefits
of nuclear are valued when compared with other energy
sources.

Actions:
• Focus nuclear advocacy on the role of nuclear energy in clean
energy systems of the future.
• Improve perception and build trust through stakeholder
engagement.
• Outreach to policymakers and the public on the risks and benefits
of nuclear power compared with other energy sources.
• Regulatory authorities and the nuclear industry to incorporate and
put into effect the international consensus on the risks from low
levels of radiation exposure.
15
 Nuclear: Substantial growth required to
meet demand in IEA 2 degree scenario
GW
TWh 11000
25% of
1200
generation 9000 1000 1250
GW GW 1000
7000
800
5000 8000 TWh 10000 TWh
600
3000
11% of 400
150
generation 396 GW GW
1000
200
2411
TWh Retirements Additions
0 0
2014 2050

Source: World Nuclear Association. Growth required for nuclear energy to supply 25% of electricity in 2050
under demand forecast of two-degree scenario (see IEA, 2015, Energy Technology Perspectives 2015.
Assumption: 91% capacity factor

16
 Harmony programme 2016-2050
Cumulative 1000 GW new nuclear capacity to 2050

Construction rate doubled from We must maintain 10GW/y to 2020,

trend of 5GW/y or less to 10GW/y then ramp up to 1980s level
Harmony: a goal for the nuclear community

1000 gigawatt
new nuclear
capacity by 2050

25% of electricity
supply in 2050

Nuclear to deliver
reliable, affordable
and clean electricity

18
 Harmony - we need your support

We need your support to make the change!

For information on how you can be part of

this initiative visit
www.world-nuclear.org/harmony

Engage with online survey of the Issue

papers visit members.world-nuclear.org

Join the Harmony community by

contacting us on
harnmony2050@world-nuclear.org.

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