June 2, 2021 Read More →

Nuclear power supporters target Indonesia’s net-zero plan

Solar Quarter: 

In growing energy markets like Indonesia, decision makers are facing a barrage of pro-nuclear media coverage as the nuclear industry floods the market with panels and webinars focused on the potential of nuclear power. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) highlights that while nuclear is promising as a baseload substitute for coal power, it currently has no technical, financial, or market viability in the Indonesian context.

Author of IEEFA’s report Elrika Hamdi says that Indonesian nuclear power supporters often promise that nuclear will be an affordable, safe and sustainable solution for the problem of over-reliance on fossil fuel.

Yet, 70 years after the first nuclear power developments were announced, the technology is quickly losing market share as global power markets pivot toward more cost-competitive renewables and storage solutions.

“Despite the steady erosion of nuclear power’s competitive potential, key Southeast Asian energy ministries continue to be lobbied by nuclear advocates. Many of these lobbyists are international backers of new small modular reactor (SMR) technologies, who are actively engaging with governments and utilities around the region,” says Hamdi.

[Ashwini Chikkodi]

More: Renewables Need To Be The Focus Of Indonesia’s Net-zero Pledge

Posted in: IEEFA In the News

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