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Nuclear energy is clean but too risky to rely on

Mint Mumbai

|

September 12, 2023

India and France have plans for this option. Nuclear power does offer us a tempting path to carbon neutrality free of fossil fuels, but we can't ignore meltdown and waste disposal risks

Nuclear energy is clean but too risky to rely on

India’s flurry of diplomacy over the weekend included a joint statement issued with France that envisioned the co-development of modular nuclear reactors, the kind with interchangeable parts meant for rapid assembly at scale. Since nuclear plants heat water to drive turbines and generate power without burning fossil fuels, they qualify as climate-friendly from an emission perspective. India’s current pace of renewable capacity addition—wind, solar and hydro energy projects—would need sharp acceleration for non-fossil sources to yield 500 gigawatts of electricity by 2030, a target the country must meet on its way to carbon neutrality by 2070. A huge nuclear step-up is not just a big temptation, but also the elephant in the clean-energy hall. Unlike other ways to keep our lights on and gadgets going, it remains tied up in global geopolitics over its potential for misuse. In 2005, a celebrated nuclear deal with the US gave India access to supplies of reactors and fuel under a regime that had long barred us for our defiant pursuit of nukes. It was an agreement seen as heralding a bol

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Bank-funded acquisitions won't displace private credit

The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.

time to read

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November 20, 2025

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Air India lobbies to use airspace over China's Xinjiang

India-China flights resumed after a five-year hiatus.

time to read

1 mins

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Nitish Kumar to take oath as Bihar CM

JD(U) supremo Nitish Kumar to be sworn-in as Bihar chief minister for a record 10th time.

time to read

1 min

November 20, 2025

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A fresh perspective on abstraction in art

A new exhibition in Mumbai showcases different approaches to abstraction by artists like Zarina, Seher Shah and Mehlli Gobhai

time to read

3 mins

November 20, 2025

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Govt eyes post-cut GST revenue surge

FinMin expects Nov GST receipts growth to rebound to 10%

time to read

2 mins

November 20, 2025

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PayMate pulls plug on West Asia operations

The Visa-backed B2B payments firm is scrambling to raise more funds

time to read

2 mins

November 20, 2025

Mint Mumbai

Exide's dual bet: Can lithium-ion offset a weakening core?

Exide Industries Ltd is struggling to fuel its core lead-acid business while simultaneously turning its capex-heavy lithium-ion venture into a viable second growth engine.

time to read

1 mins

November 20, 2025

Mint Mumbai

Bank-funded acquisitions won’t displace private credit

The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.

time to read

3 mins

November 20, 2025

Mint Mumbai

Afghanistan trade minister seeks India investments, goods

Afghanistan's Taliban trade minister arrived in India on Wednesday on a maiden visit to draw greater investments and goods as both countries consider ways to enhance their relations in the backdrop of souring relations with neighboring Pakistan.

time to read

1 min

November 20, 2025

Mint Mumbai

Mint Mumbai

Fractal Analytics bets heavily on R&D in AI race before IPO

Enterprise artificial intelligence firm Fractal Analytics plans to maintain high research and development (R&D) spending ahead of its market debut for which a date has not yet been set, a top executive has said.

time to read

2 mins

November 20, 2025

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