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The Future of Nuclear Energy
in a Carbon-Constrained World
AES provides access to the interdisciplinary MIT study

Summary report:  Nuclear energy cannot compete on cost with cheap natural gas or renewables and therefore needs the help of policy-makers who are willing to promote its low-emission power generation as a way to fight climate change.
To stave off runaway global warming by mid-century, the world's current crop of leaders need to institute policies that dial down greenhouse gases emitted by power producers more than 90 percent. The clearest way to get there may be by putting a price on carbon emissions and supporting clean technologies. "As of today and for decades to come, the main value of nuclear energy lies in its potential contribution to de-carbonizing the power sector....  Cost is the main barrier to realizing this value. Without cost reductions, nuclear energy will not play a significant role."

AES is pleased to be able to provide access to the MIT  report . 

Spotlight:  oil, gas and emissions, 
By the numbers

  • In total , there are roughly 9,000 oilfields in 90 countries 
  • These 9,000+/- oilfields produce about 1.7 gigatons of carbon dioxide – roughly 5 percent of total global emissions. 
  • On average, oil production emits about 10.3 grams of emissions for every megajoule of crude, but more carbon-intensive nations crank out emissions at nearly twice that rate.
  • Nations with the highest carbon-intensity produce more than 15 grams of carbon dioxide equivalent, on average, for every megajoule of crude. That’s roughly triple the average carbon intensity of oilfields in countries at the low end of the scale.​
  • A country like Algeria, which produces the lightest crude oil in the world, has the highest carbon intensity because oilfield operators routinely burn large amounts of gas. Saudi Arabia, meanwhile, has relatively low carbon intensity because it flares little gas and has vast resources with low water content, which means less energy goes into treating and separating the oil.
  • Venezuela and Canada rank among the most carbon-intensive oil producers because of the high energy needs and emissions associated with extracting heavy oil from unconventional reserves like tar sands. 
  • Enhanced recovery techniques that use steam to loosen oil from aging wells add to the relatively high carbon intensity of oil production in places like Indonesia, Oman and California.
  • Eliminating routine flaring and cutting methane leaks and venting to rates (already achieved in Norway, for instance) could cut as much as 700 megatons of emissions from the oil sector’s annual carbon footprint – a reduction of roughly 43 percent. 
(Note:  the current analysis does not fully capture emissions related to leakage and venting of methane)
Source.
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