Declining fossil fuel prices and the introduction of the combined cycle gas turbine have eroded the competitive edge of nuclear power plants over the last 15 years. An OECD report discusses how the nuclear industry could build cheaper plants and make a comeback. If countries are serious in their commitment to mitigate climate change and sustain future development, nuclear power will reappear as a viable alternative to fossil-fuel generation, but it can only do this by reducing its costs. As capital costs make up around 60% of the total cost of nuclear generation, this is where the cutting should begin.
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