Comparison of Nuclear Power Industry Between China and the United States

Fangyu Liu (), Liangkun Wei, Yue Pan and Xinyu Wang
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Fangyu Liu: Rutgers University
Liangkun Wei: Syracuse university
Yue Pan: Shanghai Lingke Bilingual School
Xinyu Wang: Kangqiao International School

A chapter in Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023), 2023, pp 234-245 from Springer

Abstract: Abstract Under of the global trend towards achieving net zero emissions, nuclear power emerges as a key clean energy source, playing an important role in the energy transition. As the world's two largest economic entities, China and the United States are leading the charge in global nuclear power development and implementation. Understanding their development through comparison is important for understanding the future of nuclear energy. The study begins with a detailed description of the evolution of the nuclear energy industry in both countries. It then discusses in depth the respective environmental impacts of the two countries, illustrating the current status and impact of technological advances in nuclear power generation, particularly Small Modular Reactors and Recycling Fuel. Subsequently, the study offers an in-depth comparative analysis of the policy support for nuclear power development, as well as the nuclear contamination regulatory laws in China and the United States. Moreover, from LCOE's viewpoint, the study analyzes and compares the economic efficiency and the differences between China and the U.S. inside different cost components. So overall, China is more competitive than the United States in all aspects of nuclear power development.

Keywords: Nuclear power industry; policy; Nuclear power technology; Development path; Economic Efficiency; Environmental impact; Small Modular Reactors; Recycling Fuel (search for similar items in EconPapers)
Date: 2023
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DOI: 10.2991/978-94-6463-298-9_26

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