Nuclear Energy (cont)

Development

Installed nuclear capacity initially rose relatively quickly, rising from less than 1 gigawatt (GW) in 1960 to 100 GW in the late 1970s, and 300 GW in the late 1980s. Since the late 1980s capacity has risen much more slowly, reaching 366 GW in 2005, with the largest expansion being in China. Between around 1970 and 1990, more than 50 GW of capacity was under construction (peaking at over 150 GW in the late 70s and early 80s) — in 2005, around 25 GW of new capacity was planned. More than two-thirds of all nuclear plants ordered after January 1970 were eventually cancelled. Washington Public Power Supply System Nuclear Power Plants 3 and 5 were never completed.

During the 1970s and 1980s rising economic costs (related to extended construction times largely due to regulatory changes and pressure-group litigation) and falling fossil fuel prices made nuclear power plants then under construction less attractive. In the 1980s (U.S.) and 1990s (Europe), flat load growth and electricity liberalization also made the addition of large new baseload capacity unattractive.

The 1973 oil crisis had a significant effect on countries, such as France and Japan, which had relied more heavily on oil for electric generation (39% and 73% respectively) to invest in nuclear power. Today, nuclear power supplies about 80% and 30% of the electricity in those countries, respectively.

A general movement against nuclear power arose during the last third of the 20th century, based on the fear of a possible nuclear accident, fears of radiation, nuclear proliferation, and on the opposition to nuclear waste production, transport and final storage. Perceived risks on the citizens' health and safety, the 1979 accident at Three Mile Island and the 1986 Chernobyl disaster played a part in stopping new plant construction in many countries,[15] although the Brookings Institution suggests that new nuclear units have not been ordered in the U.S. primarily for economic reasons rather than fears of accidents.     Read more...