One step back, two steps forward?

Like many other countries, China has taken a hard look at its nuclear strategy in the wake of the Fukushima disaster.

Temporary suspension of new plants’ approval and review of safety put on hold China’s ambitious nuclear plans. The measures were only temporary and nuclear will probably come back with a vengeance in China. Not that the country has many options anyway if it really wants to reduce its CO2 emissions as recently outlined in a White Paper on the Green Agenda. With the forecasted growth in primary energy consumption for the next 20 years – depending on the scenarios anywhere between 7’000 and 14’000 million ton of CO2 equivalent in 2030 – traditional renewable energies (solar, wind or hydropower) will probably not suffice to drench China’s demand for energy.

The good news is that China may opt for more recent (3rd generation) nuclear technology. The bad news (at least for foreign sellers of nuclear technology) is that China may want to extend the timeout and develop its own nuclear technology.