Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)

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Comparison of Nuclear Power Industry Between China and the United States

Authors
Fangyu Liu1, *, Liangkun Wei2, Yue Pan3, Xinyu Wang4
1Rutgers University, New Brunswick, 08901, USA
2Syracuse university, Syracuse, 13244, USA
3Shanghai Lingke Bilingual School, Shanghai, 201600, China
4Kangqiao International School, Suzhou, 215300, China
*Corresponding author. Email: fl379@rutgers.edu
Corresponding Author
Fangyu Liu
Available Online 30 November 2023.
DOI
10.2991/978-94-6463-298-9_26How to use a DOI?
Keywords
Nuclear power industry; policy; Nuclear power technology; Development path; Economic Efficiency; Environmental impact; Small Modular Reactors; Recycling Fuel
Abstract

Under of the global trend towards achieving net zero emissions, nuclear power emerges as a key clean energy source, playing an important role in the energy transition. As the world's two largest economic entities, China and the United States are leading the charge in global nuclear power development and implementation. Understanding their development through comparison is important for understanding the future of nuclear energy. The study begins with a detailed description of the evolution of the nuclear energy industry in both countries. It then discusses in depth the respective environmental impacts of the two countries, illustrating the current status and impact of technological advances in nuclear power generation, particularly Small Modular Reactors and Recycling Fuel. Subsequently, the study offers an in-depth comparative analysis of the policy support for nuclear power development, as well as the nuclear contamination regulatory laws in China and the United States. Moreover, from LCOE's viewpoint, the study analyzes and compares the economic efficiency and the differences between China and the U.S. inside different cost components. So overall, China is more competitive than the United States in all aspects of nuclear power development.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
30 November 2023
ISBN
10.2991/978-94-6463-298-9_26
ISSN
2352-5428
DOI
10.2991/978-94-6463-298-9_26How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Fangyu Liu
AU  - Liangkun Wei
AU  - Yue Pan
AU  - Xinyu Wang
PY  - 2023
DA  - 2023/11/30
TI  - Comparison of Nuclear Power Industry Between China and the United States
BT  - Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)
PB  - Atlantis Press
SP  - 234
EP  - 245
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-298-9_26
DO  - 10.2991/978-94-6463-298-9_26
ID  - Liu2023
ER  -