Geopolitical and Economic Impact of Near-Term Fissionable Small Modular Reactors (SMRs) of Generation-IV (Gen-IV) and The Transition to Mid-Term and Long-Term Fusion Confinement-Driven Sources of Energy, Globally
Abstract:
The global energy landscape is experiencing a transformative shift driven by the imperatives of addressing climate change and meeting burgeoning energy needs. In this context, two promising technologies, Near-Term Fissionable Small Modular Reactors (SMRs) of Generation-IV and Fusion Confinement-Driven Sources of Energy, have emerged as frontrunners in the quest for a cleaner, more sustainable energy future. This article examines the profound geopolitical and economic implications of these technologies, highlighting how SMRs act as a bridge towards sustainability by enhancing energy security and providing job opportunities, while fusion energy, still in its experimental stages, holds the promise of nearly limitless clean power, fostering energy independence and diplomatic collaboration. Despite the promise, the path is laden with challenges, including regulatory complexities, technological hurdles, and the need for substantial investments. Addressing these challenges is imperative to unlock the full potential of SMRs and fusion energy, reshaping the global energy landscape, and guiding us towards a more sustainable and prosperous future
