Subject
Impact of the Iran deal on civil nuclear energy.
Significance
The deal between Iran and the P5+1 powers (five permanent UN Security Council members plus Germany) will have little effect on the global deployment of nuclear power technology. The agreement could pave the way for new civil nuclear power generation in Iran. Elsewhere, civil nuclear power's prospects are restrained by high costs compared to alternatives, safety risks and political acceptance.
Impacts
Advanced nuclear power countries will encourage newcomers to meet their needs for nuclear fuel by relying on existing suppliers.
Countries investing in new civil nuclear power are unlikely to also seek weapons capability.
Low oil and carbon prices and the apparent reluctance of countries to mitigate climate change will constrain nuclear power investment.
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