The Nuclear Renaissance Is Stone Cold Deal – Nuclear Monitor No.776 24tt January 2014

In January 2014,the European Commission forecasts that nuclear’s share of EU electricity generation will decline from 27% in 2010 to 2l% in2050, while the share held by renewables will increase from 21% to 51.6%, and fossil fuels share will decline from 52% to 27%. Utilities are feeling the pain. The 2013 World Nuclear Industry Status Report noted that over the previous five m years 10 out of 15 assessed nuclear utilities were downgraded by credit rating agency Standard and Poors. Four remain stable while only one was upgraded. Dr. Ian Fairlie has recently compiled a list of over 40 companies around the world withdrawing from nuclear projects since 2011.’