China raises nuclear power target to 5% by 2020
According to a nuclear power development plan issued in 2007, China's objective was to have nuclear power make up 4%, or 60 gigawatts (GW), of its total installed capacity. The new goal now sets the target for nuclear power at more than 70 GW.
China has 11 nuclear power units in operation at six nuclear power stations with a combined total capacity of nearly 10 GW. Gao Shixian, Director of the Energy Research Institute of the National Development and Reform Commission, stated that reaching 5% is feasible.
Although the announcement is attracting a number of companies into the market, China Guangdong Nuclear Power Corporation and China National Nuclear Corporation maintain their status as leaders in China's nuclear power development. However, the market could change, as more companies launch nuclear development plans to reduce their reliance on coal.
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Electricity demand and emissions are now 5% higher than where they were before the Covid-19 outbreak, which prompted worldwide lockdowns that led to a temporary drop in global greenhouse gas emissions. Electricity demand also surpassed the growth of renewable energy, the analysis found.
The findings signal a failure of countries to achieve a so-called “green recovery” that would entail shifting away from fossil fuels toward renewable energy to…
