The 2011 Fukushima disaster in Japan was a huge blow to the global nuclear power industry. After the meltdown, electricity generation from nuclear dropped 11 percent globally, and has yet to recover. In developed countries, including the United States, lingering fears have motivated early plant retirements and cancellations of proposed projects.
However, nuclear power is seeing a revival in emerging economies, which are seeking nuclear energy technology from abroad. China and Russia are racing to dominate this space and win geopolitical leverage through potentially predatory state financing and full construction and operation packages.
The United States, which used to lead in nuclear technology exports, has fallen behind because of restrictive export regulations. To get back in the game—and secure economic and security advantages that the growing export market presents—the United States should simplify export controls and invest in innovative nuclear technologies. To begin the task, the White House should turn to Saudi Arabia, which is looking to develop its own nuclear energy program.
Varun Sivaram – Council on Foreign Relations – September 4, 2018.
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