- There are 35 nuclear reactors currently under construction in Asia.
- China, Japan and India are driving the dash for nuclear energy in Asia.
- Across Asia there are proposals for another 220 nuclear power plants.
- Germany and Italy are phasing out nuclear power stations.
- Across Europe there are 15 nuclear reactors being built.
- Concerns remain over safety and the treatment of nuclear waste.
After announcing its plans for a phase-out of nuclear power in 2000 and ramping up financial and infrastructural investments in renewable energy production since then, Germany is entering the home stretch: In the following weeks, the country will take offline three of its six remaining nuclear power plants, with the remaining three following at the end of 2022. Since there are no plans to build new reactors, this will make the European country only the second nation worldwide next to Italy to close down all preexisting nuclear reactors without constructing new ones so far. As our chart indicates, the rest of the world is not ready to ditch this power source quite yet.
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Asia in particular is still big on nuclear power, even with the nuclear disaster at Fukushima happening as recently as 2011 and some neighboring regions still being visibly affected by the fallout to this day. Japan still has 33 reactors in commission while proposals, planning or construction have started on an additional eleven according to data by the World Nuclear Association. India plans to triple its number of nuclear power plants to 72 in total, while China has proposed the construction of 168 new reactors in addition to 18 being built and 37 being planned, which would amount to an increase of 337 percent. Overall, 35 reactors around Asia are already in construction, with Europe coming in second with 15 plants.
What is the World Economic Forum doing on natural climate solutions?
The world faces converging environmental crises: the accelerating destruction of nature, and climate change.
Natural climate solutions (NCS) – investment in conservation and land management programmes that increase carbon storage and reduce carbon emissions – offer an important way of addressing both crises and generate additional environmental and social benefits.
Research conducted for the Forum’s Nature and Net Zero report confirms estimates that NCS can provide one-third of the climate mitigation to reach a 1.5° and 2° pathway by 2030—and at a lower cost than other forms of carbon dioxide removal. This report builds on the recommendations from the Taskforce for Scaling Voluntary Carbon Markets, and identifies six actions to accelerate the scale-up of high-quality NCS and unlock markets through the combined efforts of business leaders, policymakers and civil society.
To foster collaboration, in 2019 the Forum and the World Business Council for Sustainable Development came together to establish the Natural Climate Solutions Alliance to convene public and private stakeholders with the purpose of identifying opportunities and barriers to investment into NCS.
NCS Alliance member organizations provided expert input to develop the Natural Climate Solutions for Corporates, a high-level guide to the credible use of NCS credits by businesses.
Get in touch to join our mission to unleash the power of nature.
While the steady increase in energy consumption and the scarcity of fossil fuels like coal, crude oil and gas might make nuclear energy a viable, clean option on paper, the technology still poses a great many risks, especially when it comes to the correct disposal and storage of highly radioactive waste products and the condition of older plants. According to data by the International Atomic Energy Agency, two thirds of the 441 currently active nuclear power plants are older than 30 years, a fact that might make thinking about at least overhauling those plants instead of building new ones something to consider.