After Fukushima, can nuclear power actually help save the planet?

After Fukushima, can nuclear power actually help save the planet?
Nuclear energy is costly — and still highly unpopular a decade after the Fukushima disaster in Japan. But it also generates emissions-free electricity. Will countries embrace nuclear power to fight climate change?
Gabriella Turrisi

Ten years ago this week, a powerful earthquake off the coast of eastern Japan triggered a tsunami that destroyed the Fukushima nuclear plant, resulting in the world's worst nuclear disaster since Chernobyl in 1986. A decade and dozens of decommissioned reactors later, nuclear energy still supplies about 10 percent of global electricity, but its future remains uncertain.

As more countries pledge to curb emissions to mitigate climate change, nuclear could serve as a clean(ish) and reliable source of energy. But investing more in nuclear comes with tradeoffs.

Nuclear is greener than you think. It's not renewable like solar or wind, but nuclear's direct carbon dioxide emissions output is zero. Over its life cycle, a nuclear plant produces about the same volume of indirect emissions per unit of electricity (mainly to extract and process uranium, to build and operate the facilities, and store the waste) as wind, and one-third of solar. That helps explain why the use of nuclear power is not ruled out entirely by US proponents of the Green New Deal.

There's also the unintended environmental cost of shutting down. When the Fukushima disaster prompted Germany to take most of its nuclear plants offline, it was soon forced to fire up its coal plants, leading to 1,100 additional deathsper year from air pollution. Scientists estimate that not replacing all nuclear plants with fossil fuels by 2050 could save more than seven million lives.

Moreover, while solar and wind are both intermittent and therefore depend on energy storage, nuclear is as reliable as oil, gas, and coal. The International Energy Agency projects that the world could meet its Paris climate goals by 2040 by raising nuclear's share of the global energy mix to 15 percent and investing a lot more in cheaper, cleaner nuclear plants.

But nuclear is also very expensive, and understandably unpopular. Generating electricity from nuclear now costs about $112-189 per megawatt hour, much more than solar ($36-44) and wind ($29-56). Also, while the total lifetime cost of building and running a plant has declined for solar and wind over the last decade, it has increased for nuclear, so poorer countries can't afford it. Finally, the average construction time for a single plant is nearly 10 years — dangerously slow for the urgent battle against climate change.

The other major concern is safety. To be fair, unlike Chernobyl the Fukushima accident didn't kill anyone from radiation, and was caused not by a chain of human errors but a 9.0 magnitude earthquake, a catastrophe on a scale that even the safety-conscious Japanese hadn't planned for. But they did build the site near the coast in a known quake-prone area, and they didn't protect the reactors as well as European countries did after a French plant flooded in 1999.

More importantly, Fukushima spurred a global popular backlash against nuclear power that has yet to dissipate. More than 49 percent of Japanese people said a year ago that they want nuclear power to be discontinued. Roughly the same percentage of Americans now have an unfavorable view of nuclear, making it the most unpopular source of energy in the US after coal.

So, who's still building new nuclear plants, and why?Russia, for now the dominant global player in the industry, is exporting its nuclear technology to countries with relatively friendly governments like those in Hungary, Iran, and Turkey. But China is catching up fast, and has plans to both finance and construct new plants in places as diverse as Pakistan, South Africa… and the UK.

Moscow and Beijing — the latter betting big on nuclear as part of its bid to go carbon-neutral by 2050 — are competing to fill the void briefly created by the US. (The Trump administration reversed Obama-era bans on US international public lenders financing nuclear projects abroad, although President Joe Biden has yet to say whether he'll stay the course.)

If the Americans stage a nuclear export comeback, things could get interesting. On the one hand, US-built plants might be preferable for countries committed to net zero emissions that can afford them. On the other hand, some of those same nations have popular environmentalist parties that want to abolish nuclear energy, and many locals will protest nuclear construction in their backyard.

A tough choice. Weighing the risks of a costly, unpopular source of energy against the benefits of emissions-free electricity will provoke debate in many countries. But as the drive for climate action becomes more urgent, governments are running out of time to make their choice.

More from GZERO Media

Fire authorities search for the missing and recover the deceased at the site of an accident near Muan International Airport in Jeollanam-do, South Korea, on Dec. 29, 2024.
Chris Jung/NurPhoto via Reuters

The country's deadliest aviation disaster since 1997 comes at a politically volatile time.

President-elect Donald Trump greets Elon Musk before attending a viewing of the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, U.S., on Nov. 19, 2024.
Brandon Bell/Pool via REUTERS

Is Elon Musk a 21st-century Svengali? Two weeks after being accused of acting like the president – instead of a presidential advisor – when he attempted to sway Congress to torpedo a spending bill, the tech magnate is wielding political influence once again – and enraging some supporters of President-elect Donald Trump.

- YouTube

Jimmy Carter, the 39th President of the United States, has died at the age of 100. A one-term president whose administration was marred by inflation, a gas crisis, and the Iranian hostage standoff, Carter went on to have one of the most illustrious post-presidencies in American history. Here's a remembrance from Ian Bremmer on President Carter’s foreign policy legacy.

A day before the controversial inauguration of Georgian Dream loyalist Mikheil Kavelashvili as the country's new president, Georgian citizens demonstrate with pro-EU placards and Georgian, American, and European Union flags as they protest the government's decision to suspend European membership talks in Tbilisi, Georgia, on Dec. 28, 2024.
Jerome Gilles/NurPhoto via Reuters

On Sunday, Georgia inaugurated President Mikheil Kavelashvili amid growing demonstrations and accusations of election fraud perpetrated by Moscow. Kavelashvili, a former soccer player, was selected by a 300-member electoral college controlled by the ruling Georgian Dream party, which now dominates every major government institution.

Russian Foreign Minister Sergei Lavrov speaks during the Doha Forum 2024 on Dec. 7, 2024.
DOHA Qatar Copyright: xNOUSHADx via Reuters

Russia no longer considers itself bound by its unilateral moratorium on the deployment of intermediate and shorter-range nuclear-capable missiles, clearing the way for Moscow to deploy the weapons across Europe and Asia.

Economic Outlook 2025 reveals the trends and shifts that will shape the global economy in the coming year, according to the Mastercard Economics Institute. The report explores a few key economic themes, leveraging Mastercard’s aggregated and anonymized data to provide a unique perspective. This includes cyclical changes – such as shifts in consumption as central banks lower rates or prices change – and structural changes like the impact of migration on capital flows or workplace flexibility driving greater female workforce engagement.

Every January, Eurasia Group, GZERO’s parent company, produces a report with its forecast for the top 10 geopolitical risks for the world in the year ahead. Its authors are EG PresidentIan Bremmerand EG ChairmanCliff Kupchan. The 2025 report will drop on Jan. 6.

But first, let’s look back at the 2024 Top Risks report – you can read the full report hereto see where Bremmer and Kupchan hit or missed the mark.

- YouTube

Ian Bremmer's Quick Take: Is stapling green cards to STEM PhDs the answer to closing America’s talent gaps? What becomes of "America First"? In this Quick Take, Ian Bremmer discusses Vivek Ramaswamy's provocative proposal and the stir it’s causing among Trump supporters over immigration policy.