CORVALLIS, OREGON—To a world facing the existential threat of global warming, nuclear power would appear to be a lifeline. Advocates say nuclear reactors, compact and able to deliver steady, carbon-free power, are ideal replacements for fossil fuels and a way to slash greenhouse gas emissions.
However, in most of the world, the nuclear industry is in retreat. The public continues to distrust it, especially after three reactors melted down in a 2011 accident at the Fukushima Daiichi Nuclear Power Plant in Japan. Nations also continue to dither over what to do with radioactive reactor waste.
Most important, with new reactors costing $7 billion or more, the nuclear industry struggles to compete with cheaper forms of energy, such as natural gas. So even as global temperatures break one record after another, just one nuclear reactor has turned on in the United States in the past 20 years. Globally, nuclear power supplies just 11% of electrical power, down from a high of 17.6% in 1996.