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Countries around the world are grappling with the clean energy transition and the challenges of rapidly expanding solar, wind, and battery storage. Many countries are looking to nuclear power as an additional option. In Southeast Asia, the five countries responsible for the vast majority of regional power consumption have all taken steps to include nuclear power in national plans. After a historical conversation on whether to adopt nuclear power given concerns over cost, waste management, and risks, the region must now contend with geopolitical and governance considerations, as well as reinvestment in human, technical, regulatory, and institutional capacity to ensure success in a nuclear power transition.
Global representatives gathered in Belem, Brazil the week of November 13th to explore next steps to mitigate climate change. Many attendees recalled the ambitious pledge of twenty countries at COP28 to triple nuclear energy output by 2050. This was a historic recognition of nuclear power as a key element of world efforts to transition away from fossil fuels. However, for developing and middle-income countries, realizing this “nuclear renaissance” brings its own set of challenges, from geopolitics and governance to financing, infrastructure, and workforce development. These issues are particularly palpable in Southeast Asia, where six of the eleven countries in the Association of Southeast Asian Nations (ASEAN) are exploring or are already investing in nuclear power.
Southeast Asia, where fossil fuels currently dominate the power mix, is a priority zone for rapid adaptation to nuclear power. Electricity demand in the region is estimated to grow by four percent annually through 2035, accounting for one fourth of global energy demand growth and adding more than South Korea’s entire energy demand over the next decade. To meet net zero carbon commitments, the region must massively expand investment in and access to clean energy while ensuring power system reliability and affordability for consumers and manufacturing. Most countries are taking an all-of-the-above approach to meet the rising energy demand, targeting not only solar and wind, which are broadly available in the region, but also alternative sources including hydrogen, geothermal, and nuclear power.
As the COP28 pledge underscored, nuclear energy will be critical to balancing many national clean energy portfolios given its ability, unlike wind or solar, to supply consistent stable baseload to national grids. However, despite a long history in southeast Asian regional power plans, concerns around safety, waste management, and financing have slowed down its adoption.
The Philippines completed building the Bataan Nuclear Power Plant in 1984 but never started operations due to safety concerns, including its proximity to a fault line. Vietnam initially planned to deploy nuclear energy in the early 2000s but removed two nuclear power plants from its national power development plan (PDP) in 2016 because of cost concerns. Thailand included nuclear energy in national PDPs between 2007-2015 before deleting them from the 2018 PDP. Malaysia decided in 2018 to not exploit nuclear power given concerns over risks and waste management.
Given both existing net-zero commitments as well as the emergence of advanced and small modular reactors (SMRs), nuclear power is again attracting policy support and investment. Five countries including Indonesia, Malaysia, the Philippines, Thailand, and Vietnam are responsible for eighty nine percent of the region’s energy demand, and all of them are moving forward with plans for nuclear power.
COP30
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