This is the conclusion of the 2003 study by MIT "The Future of Nuclear Power". It is considered by nuclear proponents to be one of the best analysis available. those critical of building more nuclear tend to see it as having the flaw of accepting raw nuclear industry data without questioning it sufficiently. Their price projections through 2010, for example, were 400-500% too low while independent analysts were pretty much spot on when looking at the same data but moderating it by reference to historical performance and outside analysis by groups like investment banks.
Below the conclusion quoted, you'll find a page from a presentation by Pres. Science Adviser Holdren (one of the MIT report authors) and links to an example of a recent brush with a meltdown.
Over the next 50 years, unless patterns change dramatically, energy production and use will contribute to global warming through large-scale greenhouse gas emissions — hundreds of billions of tonnes of carbon in the form of carbon dioxide. Nuclear power could be one option for reducing carbon emissions. At present, however, this is unlikely: nuclear power faces stagnation and decline.
This study analyzes what would be required to retain nuclear power as a significant option for reducing greenhouse gas emissions and meeting growing needs for electricity supply. Our analysis is guided by a global growth scenario that would expand current worldwide nuclear generating capacity almost threefold, to 1000 billion watts,by the year 2050.Such a deployment would avoid 1.8 billion tonnes of carbon emissions annually from coal plants, about 25% of the increment in carbon emissions otherwise expected in a business-as-usual scenario. This study also recommends changes in government policy and industrial practice needed in the relatively near term to retain an option for such an outcome. (Want to guess what these are? - K)
We did not analyze other options for reducing carbon emissions — renewable energy sources, carbon sequestration,and increased energy efficiency — and therefore reach no conclusions about priorities among these efforts and nuclear power. In our judgment, it would be a mistake to exclude any of these four options at this time.
STUDY FINDINGS
For a large expansion of nuclear power to succeed,four critical problems must be overcome:
Cost. In deregulated markets, nuclear power is not now cost competitive with coal and natural gas.However,plausible reductions by industry in capital cost,operation and maintenance costs, and construction time could reduce the gap. Carbon emission credits, if enacted by government, can give nuclear power a cost advantage.
Safety.
Modern reactor designs can achieve a very low risk of serious accidents, but “best practices”in construction and operation are essential.We know little about the safety of the overall fuel cycle,beyond reactor operation.
Waste.
Geological disposal is technically feasible but execution is yet to be demonstrated or certain. A convincing case has not been made that the long-term waste management benefits of advanced, closed fuel cycles involving reprocessing of spent fuel are outweighed by the short-term risks and costs. Improvement in the open,once through fuel cycle may offer waste management benefits as large as those claimed for the more expensive closed fuel cycles.
Proliferation.
The current international safeguards regime is inadequate to meet the security challenges of the expanded nuclear deployment contemplated in the global growth scenario. The reprocessing system now used in Europe, Japan, and Russia that involves separation and recycling of plutonium presents unwarranted proliferation risks.
The nuclear option: size of the challenges
• If world electricity demand grows 2% /year until 2050 and nuclear share of electricity supply is to rise from 1/6 to 1/3...
–nuclear capacity would have to grow from 350 GWe in 2000 to 1700 GWe in 2050;
– this means 1,700 reactors of 1,000 MWe each.
• If these were light-water reactors on the once-through fuel cycle...
---–enrichment of their fuel will require ~250 million Separative Work Units (SWU);
---–diversion of 0.1% of this enrichment to production of HEU from natural uranium would make ~20 gun-type or ~80 implosion-type bombs.
• If half the reactors were recycling their plutonium...
---–the associated flow of separated, directly weapon - usable plutonium would be 170,000 kg per year;
---–diversion of 0.1% of this quantity would make ~30 implosion-type bombs.
• Spent-fuel production in the once-through case would be...
---–34,000 tonnes/yr, a Yucca Mountain every two years.
Conclusion: Expanding nuclear enough to take a modest bite out of the climate problem is conceivable, but doing so will depend on greatly increased seriousness in addressing the waste-management & proliferation challenges.
Mitigation of Human-Caused Climate Change
John P. Holdren
Repeating that conclusion: Expanding nuclear enough to take a modest bite out of the climate problem is conceivable, *but* doing so will depend on greatly increased seriousness in addressing the waste-management & proliferation challenges.John P. Holdren is advisor to President Barack Obama for Science and Technology,
Director of the White House Office of Science and Technology Policy, and
Co-Chair of the President’s Council of Advisors on Science and Technology...
Holdren was previously the Teresa and John Heinz Professor of Environmental Policy at the Kennedy School of Government at Harvard University,
director of the Science, Technology, and Public Policy Program at the School's Belfer Center for Science and International Affairs, and
Director of the Woods Hole Research Center.<2>
http://en.wikipedia.org/wiki/John_HoldrenAlso see UCS -- Aging Nuclear Plants -- Davis-Besse: The Reactor with a Hole in its Head
http://www.ucsusa.org/assets/documents/nuclear_power/acfnx8tzc.pdfScapegoating of Davis Besse by NRC
http://www.ucsusa.org/news/press_release/federal-agency-scapegoating-0141.htmlRetrospective
http://www.ucsusa.org/nuclear_power/nuclear_power_risk/safety/davis-besse-retrospective.html