Year
2023
File Attachment
finalpaper_426_0512121147.pdf399.25 KB
Abstract
With the rising demand for electricity and the simultaneous urgency to reduce greenhouse gas
emissions, nuclear energy is being revisited worldwide. As of 2022, 32 countries have operating
nuclear power plants, and at least 30 countries have expressed an interest in deploying nuclear power
programs. With or without nuclear power plants, some countries have postponed or canceled their
peaceful nuclear power development programs. Few studies have discussed the failures of nuclear
power programs. Therefore, this study aims to identify the critical factors that affect a country's
decision to scrap or proceed with a peaceful nuclear power program. We collected over 80 countries'
data on nuclear power development from 1960 to 2020. Thirty-two of those countries have operating
nuclear power plants, and 50 countries had expressed an interest in nuclear power programs or had
nuclear power plants under construction. Preliminary empirical analyses of the time-series datasets
show that the occurrence of a nuclear accident (Three Mile Island, Chernobyl, or Fukushima) was
one of the most significant factors in scrapping a nuclear power program.