China Revives Nuclear Power to Shed Smog Masks: Chart
Wednesday, March 18, 2015 at 7:28PM
Uranium Stocks

(Bloomberg) -- China approved the construction of new nuclear reactors for the first time since Japan’s Fukushima disaster in 2011 as the world’s biggest polluter seeks to drive protective masks out of fashion.

THE CHART OF THE DAY compares China’s total electricity output with amounts generated from thermal coal, hydroelectric power and atomic reactors. The world’s largest energy consumer derived 77 percent of its electricity from coal and gas-fired utilities last year, compared with 17 percent provided by hydropower and 2.4 percent by nuclear, according to data from the National Bureau of Statistics compiled by Bloomberg.

China approved two reactors this month as it vowed to cut coal use to meet terms of a carbon-emissions agreement reached in November between President Xi Jinping and U.S. counterpart Barack Obama. About $370 billion will be spent on atomic power over the next decade, Bloomberg New Energy Finance estimates. Plans to triple nuclear capacity by 2020 to as much as 58 gigawatts -- almost equal to Australia’s total electricity resources -- were frozen after the Fukushima meltdown in 2011.

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