Economic Modelling Work Group (EMWG)



Advanced Nuclear Technology Cost Reduction Strategies and Systematic Economic Review

This report has been produced by the Economic Modelling Work Group (EMWG) of the Generation IV International Forum (GIF) to describe a process to produce a methodological framework for evaluating nuclear cost reduction strategies. Key areas for nuclear cost reduction strategies and technologies are categorized under design, construction/production and project management. Application of the framework is illustrated on reactor designs that are based on cost reduction through “functional confinement,” followed by a presentation of a more rigorous application of the methodology.

The report has been written with three goals in mind; first, to create a methodology for creating impactful cost reduction strategies that crosscut a broad set of advanced nuclear reactor technologies; second, to generate an example cost reduction strategy using the methodology; and third, to provide a path forward to improve the methodology and produce additional cost reduction strategies. The EMWG can lead future cost reduction strategy studies, but the range and impact of this body of work is greatly enhanced by the direct contributions from the GIF methodology working groups, task forces, system steering committees for the six Generation IV reactors and the industry panel.

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Nuclear Energy: An ESG Investable Asset Class

This report has been produced by a finance industry taskforce set up in 2020 by the Economic Modelling Work Group (EMWG) of the Generation IV International Forum (GIF) to consider the nuclear industry’s ability to report against Environmental, Social and Governance data collection and accounting metrics (ESG). Reporting well against ESG allows nuclear energy to be considered as an investable asset class; thereby allowing nuclear companies and projects to access climate finance. The report has been produced by the finance community for the finance community.

The report establishes not only how nuclear energy, as an asset class, has the potential to report well against a wide range of ESG; it highlights the importance of wide ranging, consistent and standardised ESG reporting to determine the credentials of all energy companies across their lifecycles and throughout their supply chains. The report discusses how ESG fit within international frameworks, including the UN Framework Convention on Climate Change (1992), the Kyoto Protocol (1997) and the Paris Agreement (2015), and how ESG are linked to the Green Bond Principles, while examining the relationship between ESG and the various taxonomies and other policy documents being developed around the world.

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