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Net zero isn’t possible without nuclear

By The Editors

28 Dec 2022 · 3 min read

Editor's Note

Bloomberg's editors have penned an opinion piece on why they believe nuclear is a vital asset in 2023. "The world will be better for this revolution — if policymakers allow it."

Rather quietly, a new age of atomic energy may be approaching. Splitting atoms may not be as exciting as fusing them, or as modish as wind and solar projects. Yet old-fashioned fission is poised to make a comeback thanks to innovative new reactor designs. The world will be better for this revolution - if policymakers allow it.

As the fight against climate change gears up, new-energy progress is everywhere apparent. Variable renewables - wind and solar - are becoming more abundant as technology improves and funding flows. They're also getting cheaper: From 2009 to 2021, the unsubsidized cost of wind declined by 72 percent and that of utility-scale solar fell by 90%. Energy storage is likewise getting more affordable.

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