乐鱼 体育

In 2021, President Xi Jinping pledged to end Beijing鈥檚 investments into dirty fossil fuels abroad, hinting that lower carbon Belt and Road investments will be on the rise. China is a leader in nuclear power and has pledged over the next 15 years to build more than 150 nuclear power stations as part of a Green BRI, creating a unique opportunity for a new wave of clean and competitive nuclear power plants. China鈥檚, and maybe the world鈥檚, climate goals could hinge on this $440 billion nuclear buildout, which is more than the rest of the world has built over the past 4 decades. 

Speakers at this China Environment Forum event will explore how China has been expanding nuclear power both at home and abroad. While supply chain problems and slower global growth from the pandemic could lead Chinese policymakers to scale back their nuclear power plant targets, they still view this form of low carbon power as vital to help China to meet its 2060 net zero goals.

Cory Combs (Trivium China) will review how nuclear can help China prevent future energy crises and how, despite ongoing pricing obstacles, the nuclear industry could expand to support the country鈥檚 net zero carbon policies.. Drawing from his extensive research into Chinese state-owned nuclear power enterprises, Ravi Madhavan (University of Pittsburgh) will speak about the technical and organizational capabilities that could help China ramp up its domestic nuclear power and achieve leadership overseas, although not as fast as many have projected. Lami Kim (Army War College) will examine China鈥檚 efforts to export its nuclear reactors around the world, and discuss recent changes in environmental policy and geopolitics that improve the prospects for its success.

Selected Quotes

Cory Combs:

• China faces market structure barriers as it transitions to net zero. The market was developed in post-Mao era, which is not designed for a unified national system. It鈥檚 designed to be provincial specific and based on coal. And its legacy has been carried to today.
• Coal is the basis of energy security. Given the pandemic and Ukraine, China has doubled down on coal. Now, China鈥檚 policy goal is to have a clean energy transition with zero risk, which is not possible. It鈥檚 a question of how to manage the risks and variables of global energy.
• China鈥檚 climate target and broad decarbonization effort is here to stay but there is a short-term push and pull with coal. The key is how fast China will move away from coal and towards other sectors. And nuclear will be part of long-term energy strategy.
• China needs markets for its nuclear power. It鈥檚 not just about China being able to build nuclear technology, but whether others, including domestic provincial markets, would buy Chinese nuclear technology.

Ravi Madhavan:

• Nuclear power is a very complex capability. China鈥檚 manufacturing capability has mostly been in low end areas, but China has the ambition to master complex capability like nuclear power.
• China has accomplished a great deal on nuclear hardware but it has been the easy part. The soft part is the difficult part: the safety culture, the innovation culture, and the management of supply chains on the global scale.
• As of today, China has 53 operating nuclear reactors, and 19 reactions are under construction. In comparison, the US has 94 reactors. In China, 5 percent of electricity comes from nuclear power compared to 19 percent in the US.
• Re-innovation has led to domestic designs of Hualong One and Guohe One. Both of which trace their origins back to foreign technology, but there is significant domestic input.

Lami Kim

• China has become the third largest nuclear energy generator and is expected to become the largest before 2030. The large domestic market allows China to reach economies of scale and reduce the costs of building nuclear reactors, which enables China to provided attractive prices when exporting nuclear.
• China has the potential to lead global nuclear power and providing financing for nuclear power plants abroad.
• Russian鈥檚 invasion of Ukraine has two major implications for nuclear energy. First, it is driving up the demand for nuclear energy as European countries try to reduce reliance on Russian oil. At the same time, Russia being the leader in the nuclear market, making up 60 percent of global reactor, is being pushed out of the nuclear market. With Russian鈥檚 damaged reputation and economic turmoil, China has the strong potential to fill this gap.