Why nuclear energy is the best alternative
Why this matters: local context for readers following news across Pakistan and the region.
THE US-Israel war on Iran has exposed the fragility of global fossil fuel supply chains, as the crisis at the critical chokepoint is pushing countries to rethink their energy strategies to reduce dependence on costly fossil fuels. Hence, several Asian countries are turning to nuclear energy generation as a reliable alternative that they have not had before. The war is drastically reshaping energy markets worldwide. Countries relying heavily on oil imports from the Middle East, shipped through the Strait of Hormuz, have been hit hard by supply issues and raising energy prices. The soaring oil prices could lead to inflation and slow economic growth across the region. The shortage has prompted emergency measures in many countries aimed at halting rising costs that have thrown economies into chaos. As a short-term measure, some governments adopted austerity measures and reconsidered coal to prevent power disruptions. However, in the long term, the supply shock may accelerate nuclear restarts faster than ever. Nuclear energy is a clean and cost-effective source of power that has many benefits over traditional fossil fuels and renewable sources. Nuclear Power Plants (NPPS) are designed to operate continuously for extended periods to provide a steady and cost-efficient source of electricity, thereby limiting fluctuations in energy supply. A new crisis is pressing many countries in Asia to rewire their energy strategies and accelerate nuclear power. Countries, net energy importers, have been hit especially hard by rising energy prices, which are now accelerating plans to drive down energy usage. They are reconsidering their energy strategies and increasing their nuclear energy capacity. On March 23rd, an agreement was signed between Russia and Vietnam to build a nuclear power plant. Similarly, Malaysia, Indonesia, Thailand and the Philippines have also signaled their intention to build nuclear capacity. Japan has started operations at its Kashiwazaki-Kariwa Nuclear Power Pl