Global Energy News Roundup: May 3

The Forum on Energy weekly news roundup brings together a mix of global energy stories from around the web. It is published every week. Please visit our page on Twitter via @forumonenergy

Select Democratic Presidential Candidates Supporting Nuclear Energy in Agendas

Several democratic candidates participating in the 2020 presidential race are promoting advance nuclear reactors as a way to combat climate change. Sen. Cory Booker, D-N.J., Rep. John Delaney, D-Md., and Sen. Amy Klobuchar, D-Minn. all include nuclear power in their energy agendas as long as safety standards are increased. Additionally, Colorado Gov. John Hickenlooper, Rep. Tim Ryan, D-Ohio, and Sen. Elizabeth Warren, D-Mass., have all mentioned they are open to including nuclear power in the energy plans, but have not included the power in their agendas. Furthermore, the Green New Deal, introduced by Rep. Alexandria Ocasio-Cortez, D-NY, reversed its stance on not including nuclear in the deal to now not ruling it out. Democratic presidential candidate Corey Booker recently stated that “it’s imperative for the United States to lead the way on tackling the world’s climate crisis, and that must include the development of clean and innovative technologies like next generation nuclear energy,” when he joined a bipartisan group of his colleagues to re-introduce the Nuclear Energy Leadership Act in the Senate.

Source: USA Today

EU Will Need Nuclear Power To Support Climate Goals

A new report from Deloitte states that the European Union (EU) will need to have a nuclear energy share of at least one-quarter until 2050 if it wants to meet the emissions reduction targets that it has set for that year. The European Union has “set targets of reducing emissions by 40% compared to 1990 levels, and by up to 95% by 2050 – or net zero. An essential part of that plan will be phasing out the burning of coal…”. Yves Desbazeille, the director-general of European nuclear energy association FORATOM, which commissioned the study stated that “If Europe is serious about decarbonizing its economy by 2050, then one quarter of the electricity produced in the EU will need to continue to come from nuclear…Not only will this enable the EU to achieve its carbon-free targets, whilst at the same time ensuring it has access to the energy it needs when it needs it, it will also provide a significant contribution in terms of economic growth and job creation.” For more information, please see here.

Source: Forbes

Senators Re-Introduce Nuclear Waste Storage Legislation

This week Senators Lisa Murkowski, R-Alaska, Lamar Alexander, R-Tenn., and Dianne Feinstein, D-Calif., reintroduced legislation that is meant to “safeguard and permanently dispose of the nation’s stockpiles of spent nuclear fuel from sites across the country.” The bill, titled the Nuclear Waste Administration Act (NWAA) of 2019 aims to provide a path for nuclear energy by addressing the waste issues that come with the back-end of the nuclear fuel cycle. In a statement, Senator Murkowski, who Chairs the Senate Energy and Natural Resources Committee said that “As we make the next generation of advanced nuclear reactors a reality, it is also time to end our country’s stalemate on nuclear waste…Our bipartisan legislation will ensure the federal government finally fulfills its obligation to address the back-end of the fuel cycle. I thank my colleagues for once again coming together to lead on this important issue, and look forward to holding a hearing on this legislation in the near future.” For more commentary from other senators, please see here.

Source: Senator Murkowski