Global demand for nuclear power rises, despite risks

Global Business

The industry for the civilian use of nuclear power is steadily growing around the world, despite the known risks.

CCTV America’s Sean Callebs reports.

Global demand for nuclear power rises, despite risks

The industry for the civilian use of nuclear power is steadily growing around the world, despite the known risks. CCTV America's Sean Callebs reports.

Nuclear power can fuel energy needs for millions, but it comes with obvious risks.

1.3 billion people worldwide still don’t have access to reliable electricity, but the search for alternatives still come with a host of problems.

Coal is being phased out as a source of energy, but it causes too much pollution. Oil is in demand for a host of industries. Alternative energies – wind, solar, and hydro – face geographical challenges.

The Fukushima Daichi plant is still an open wound five years after a tsunami swamped the facility and led to explosion of radioactive gases and water.

Experts decry the lack of qualified engineers and nuclear scientists. But the head of the China National Nuclear Corporation says China has two dozen nuclear projects underway, and some 40 universities training people to fill the void.

China plans to double its nuclear capacity in the next five years. But other countries, like the U.S. are upgrading older nuclear power plants, adding a lot more capacity.