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THE FUTURE OF NUCLEAR ENERGY TO 2030 AND ITS ... - acuns

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The Future of Nuclear Energy to <strong>2030</strong> and its Implications for Safety, Security and Nonproliferation<br />

Governance Indicators for SENES States, 2008<br />

2.5<br />

2.0<br />

1.5<br />

1.0<br />

0.5<br />

0<br />

-0.5<br />

Political Violence<br />

Government Effectiveness<br />

Regulatory Quality<br />

Control of Corruption<br />

-1.0<br />

-1.5<br />

-2.0<br />

-2.5<br />

Qatar<br />

United Arab Emirates<br />

Oman<br />

Poland<br />

Namibia<br />

Italy<br />

Malaysia<br />

Bahrain<br />

Kuwait<br />

Tunisia<br />

Jordan<br />

Ghana<br />

Saudi Arabia<br />

Turkey<br />

Albania<br />

Morocco<br />

Senegal<br />

Thailand<br />

Mongolia<br />

Kazakhstan<br />

Vietnam<br />

Egypt<br />

Libya<br />

Indonesia<br />

Philippines<br />

Belarus<br />

Algeria<br />

Kenya<br />

Syria<br />

Iran<br />

Bangladesh<br />

Nigeria<br />

Venezuela<br />

Source: Ratings from ‘Worldwide Governance Indicators: 1996-2008’, World Bank, 2009, http://info.worldbank.org/governance/wgi/index.asp.<br />

milestones, requiring them to invest billions of dollars on<br />

infrastructure upgrades for several years, will be impossible<br />

for most SENES states.<br />

One telling measure of a country’s preparedness for nuclear<br />

power is the size of its existing electricity generating<br />

capacity. The IAEA recommends that a single nuclear<br />

power plant should represent no more than 10 percent<br />

of the total installed national generating capacity. This is<br />

to ensure that stability of the grid is not jeopardized. For<br />

a 1,000 MW nuclear power plant, a state would have to<br />

have an existing capacity of 9,000 MW. Only 15 of the 33<br />

SENES states currently have such capacity.<br />

whether a country can afford a nuclear power plant, especially<br />

since decisions may be driven by politics rather<br />

than financial analysis or rational energy strategy. Where<br />

private capital is unwilling to invest, governments may<br />

do so. States with a low Gross Domestic Product (GDP)<br />

and a poor credit rating (or none at all) are unlikely to be<br />

able to raise a commercial loan for nuclear power. Development<br />

banks currently refuse to provide loans for<br />

such purposes and foreign aid is unlikely to be available.<br />

The only developing countries that may be able to ignore<br />

such constraints are those with oil-based wealth.<br />

Economic Situation<br />

A third significant barrier that impedes a state from realizing<br />

its nuclear plans is finance. The possibility that a<br />

single nuclear reactor could cost up to US$10 billion illustrates<br />

the problem. There is no precise way to measure<br />

cigionline.org 21

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