Bloomberg BNA: New nuclear reactor technology such as NuScale Power LLC’s small modular reactors and government support for existing nuclear power plants won’t be enough to rescue the declining nuclear power industry, according to new research. “Right now, the cost of generating electricity from newly constructed nuclear plants is almost double the cost for power from a new natural gas combined-cycle plant,” “In the absence of a dramatic change in market conditions, political will, and substantial subsidies, there is virtually no chance that the United States will be able to undertake the construction of additional large LWR (light water reactor) power plants in the next several decades.”
Bloomberg, John Trozi: Deaths from pollution exceeds many other cases including high-sodium diet, obesity, alcohol, road accidents, and malnutrition. Nine million annual deaths and a economic damage of trillions of dollars.
Bloomberg, Weixin Zha, Brian Parkin: By 2030, the eastern German town of Poedelwitz will likely be razed to get at the rich veins of coal beneath its half-timbered houses. The reason: Chancellor Angela Merkel’s effort to steer Germany toward greener energy, which has unexpectedly meant booming demand for dirty coal. “This is unparalleled destruction of the environment,” says Jens Hausner, a farmer who has seen 17 of his 20 hectares consumed by digging equipment that looks like something out of a Mad Max movie. In a bit more than a decade, the hulking machines are expected to claw through the town’s 13th-century church and 40 or so remaining homes. None of this will lead to a significant reduction of atmospheric carbon dioxide. From a scientific point of view, none of this matters. Its all politics, pure politics.
Bloomberg, Weixin Zha, Anna Shiryaevskaya: Not far from the Hanseatic town of Greifswald Chancellor Angela Merkel wants a $10 billion pipeline expansion built to increase the amount of Russian natural gas imported from Siberia, more than 3,000 kilometers (1,864 miles) away. The project, led by Russia’s state-run Gazprom PJSC, is intended to bolster German confidence that it has enough gas to underpin an unprecedented transition from the coal and nuclear plants, which are being closed, to a future dominated by renewable energy.