> Officially China still sees nuclear power as a must-have. But unofficially, the technology is on a death watch. Experts, including some with links to the government, see China’s nuclear sector succumbing to the same problems affecting the West: the technology is too expensive, and the public doesn’t want it.
> The 2011 meltdown at Japan’s Fukushima Daiichi plant shocked Chinese officials and made a strong impression on many Chinese citizens. A government survey in August 2017 found that only 40% of the public supported nuclear power development.
> The bigger problem is financial. Reactors built with extra safety features and more robust cooling systems to avoid a Fukushima-like disaster are expensive, while the costs of wind and solar power continue to plummet: they are now 20% cheaper than electricity from new nuclear plants in China, according to Bloomberg New Energy Finance. Moreover, high construction costs make nuclear a risky investment.
China's electricity consumption growth is also rapidly slowing due to faltering economic growth.
> Officially China still sees nuclear power as a must-have. But unofficially, the technology is on a death watch. Experts, including some with links to the government, see China’s nuclear sector succumbing to the same problems affecting the West: the technology is too expensive, and the public doesn’t want it.
> The 2011 meltdown at Japan’s Fukushima Daiichi plant shocked Chinese officials and made a strong impression on many Chinese citizens. A government survey in August 2017 found that only 40% of the public supported nuclear power development.
> The bigger problem is financial. Reactors built with extra safety features and more robust cooling systems to avoid a Fukushima-like disaster are expensive, while the costs of wind and solar power continue to plummet: they are now 20% cheaper than electricity from new nuclear plants in China, according to Bloomberg New Energy Finance. Moreover, high construction costs make nuclear a risky investment.
China's electricity consumption growth is also rapidly slowing due to faltering economic growth.