Provided are a system and method for reducing the atmospheric release of radioactive materials caused by a severe accident. The system includes a steam generator disposed in a containment building, configured to generate steam by using heat of a coolant heated in a nuclear reactor, and connected to a turbine through a main steam line, a decontamination tank connected to the main steam line through a connection line and containing decontamination water for decontaminating the steam delivered from the steam generator and reducing atmospheric release of radioactive materials when a severe accident occurs, and a depressurizing power generation unit disposed on the connection line and configured to generate emergency power while depressurizing the steam delivered from the steam generator toward the decontamination tank when the severe accident occurs.