Nuclear Energy: Expensive, Dangerous, Not Cost-Effective

on

Amory Lovins and Imran Sheikh have penned a new report on nuclear energy as a fossil fuel option, concluding that  nuclear is still dangerous and complicated, not particularly reliable, creates a pollution problem that lasts for many millennia and is therefore a waste of money that could be spent more productively on renewable energy.

Perhaps most devastating to the free market fans, Lovins and Sheikh note that “nuclear power plants are unfinanceable in the private capital market because of their excessive costs and financial risks and the high uncertainty of both.”

“During the nuclear revival now allegedly underway, no new nuclear project on earth has been financed by private risk capital, chosen by an open decision process, nor bid into the world’s innumerable power markets and auctions. No old nuclear plant has been resold at a value consistent with a market case for building a new one.”

The hat tip here goes to Steve Milloy, Junk Scientist extraordinaire and unreconstructed PR guy, who pointed to the Lovins’ paper in a hyperventilating screed on the Fox News wire. Thanks Steve.  

Related Posts

on

A new study adds to a growing body of evidence that fracking represents a “public health crisis,” experts say.

A new study adds to a growing body of evidence that fracking represents a “public health crisis,” experts say.
on

Cheniere Energy has introduced “cargo emissions tags” to assuage climate concerns of potential buyers. But a new report says these tags are riddled with problems.

Cheniere Energy has introduced “cargo emissions tags” to assuage climate concerns of potential buyers. But a new report says these tags are riddled with problems.
Opinion
on

Anti-science rhetoric and special interests have pushed us to the edge of climate chaos. But just as quantum physics disrupted our view of matter and energy, quantum social change disrupts our beliefs about what’s possible, how fast, and by whom.

Anti-science rhetoric and special interests have pushed us to the edge of climate chaos. But just as quantum physics disrupted our view of matter and energy, quantum social change disrupts our beliefs about what’s possible, how fast, and by whom.
on

Climate campaigners are concerned over Jane Toogood’s role in a company that sells technology to produce hydrogen from methane.

Climate campaigners are concerned over Jane Toogood’s role in a company that sells technology to produce hydrogen from methane.