Nuclear ‘renaissance’ just hasn’t taken off, says World Nuclear Association
Speaking at a meeting of the World Nuclear Association in London today, Ron Cameron head of the Nuclear Energy Association’s (NEA) nuclear development division said: “The nuclear renaissance hasn’t taken off”
Nuclear resurgence constrained Nuclear may go way of the Asian toaster, tcetoday news, 17 Sept 10, by Adam Duckett“……..PROBLEMS with finance, policy and skills have hamstrung the much-hyped resurgence of the nuclear power sector, experts have said. Speaking at a meeting of the World Nuclear Association in London today, Ron Cameron head of the Nuclear Energy Association’s (NEA) nuclear development division said: “The nuclear renaissance hasn’t taken off” despite its ability to decarbonise the expansion of global energy demands.
The NEA had projected that global nuclear power would expand from meeting 13% of electricity demand today to 24% by 2050
………….Speakers consistently noted that technology is not the barrier – instead financing is the stumbling block to building more plants faster.
“Absence of capital support is a serious barrier to the nuclear renaissance,” said Martin Young, head of European Utilities Research Team at London-based analyst Nomura. A complex mix of variables is preventing investment.
The EU’s incentives for renewable projects, such as offshore wind farms, are turning investors’ heads away from the high-capital, long-payback risks associated with nuclear construction ……
Utilities are unable to concurrently construct numerous plants, as the huge investments required dilute earnings, which depresses the company credit rating, making it more expensive to borrow capital……
No comments yet.
1.This month.
The Road to War brings a sharp focus to why it is not in Australia’s best interest to be dragged into a war with China which will almost inevitably go nuclear very quickly. The filmmaker has interviewed some of Australia’s senior foreign policy analysts who have vast experience behind them in analysing what really is going on here as the United States rattles its sabres with China. And sets us up to be its proxy, like the poor Ukranians have been fed into the Meatgrinder. So America can remain the Top Dog. The Road to War reveals how the United States through its spy base at Pine Gap and by stationing six nuclear capable B52 bombers in the Top End (without permission from the traditional owners) is making Australia a prime nuclear target if the current war of words suddenly melts down into full scale war.
The Road to War shows the implicit connection between Carbon emissions (the US military uses a whopping 70% of America’s annual petroleum to move its armies and vast War Machine around the globe to its 800+ military bases..but under a loophole wangled at Kyoto, the US military does not have to report its C02 annual emissions). The Road to War starts screening at selected cities and regional centres in March. See the trailer end for details.
Antinuclear 
Leave a Reply