Areva - Reference Document 2016

06

BUSINESS OVERVIEW

6.1 Markets for nuclear power and renewable energies

6.1.1.2. NUCLEAR ENERGY Nuclear power offers many advantages on the environmental, economic, strategic and operational levels: p it creates significant added value locally as well as a large number of highly qualified jobs that cannot be delocalized; p it is competitive compared with other sources of baseload electricity; p it offers stable production costs with less uncertainty concerning the price of the electricity produced; p it ensures security of supply: nuclear fuel is easy to store and uranium resources are well distributed around the world, unlike oil and gas reserves, which are concentrated in Russia and the Middle East; p it is a solution for limiting trade deficits for countries that import fossil energies, and it preserves the reserves of exporting countries by limiting their domestic use; p it offers heightened operational and safety performance, particularly with the new generation III reactors developed by AREVA, the EPR and ATMEA1 reactors (1) . Nuclear power helps combat climate change Nuclear power is already making a strong contribution to the fight against climate change. The figure below shows that greenhouse gas emissions from nuclear power are as low as those from renewable energies. p it helps combat climate change;

WORLD ELECTRIC POWER GENERATION IN 2014

6% Renewable energy

16% Hydraulic

11% Nuclear

41% Coal

4% Oil

22% Gas

Source: IEA,WEO 2016.

GREENHOUSE GAS EMISSIONS (GHG) BY POWER GENERATION SOURCE ACROSS THE ENTIRE OPERATING CYCLE

kg CO

eq/MWh

2

1,000

800

600

400

200

0

Coal

Wind

Nuclear

Biomass

Solar PV

Hydraulic

Solar CSP

Natural Gas

Marine energy

Geothermal energy

Source: IPCC, literature review, 2014.

(1) The ATMEA1 reactor is being developed in collaboration with Mitsubishi Heavy Industry.

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2016 AREVA REFERENCE DOCUMENT