Antinuclear

Australian news, and some related international items

Global nuclear industry takes Sovereign Debt to Global Debt

Financing the Nuclear Renaissance in 2010-2020 will almost surely shift to international and multilateral debt financing methods. The IMF will surely be there, and all creative methods will have a look-in to using nuclear power plants as the underlying security in a vast new upsurge in global debt trading.

Funky Town Finance Meets The Nuclear Renaissance :: The Market Oracle : by Andrew McKillop, 30 Sept 10, Project Director, GSO Consulting Associates Former chief policy analyst, Division A Policy, DG XVII Energy, European Commission

Sovereign Debt to Global Debt The UN’s Nuclear Suppliers Group has an impressive 45-nation list of supposed nuclear equipment and service suppliers, but these include countries like Iceland, Malta, Croatia, Cyprus and Romania, everyone short of the Vatican. The “serious suppliers” especially include the 5 UN Security Council permanent members, China presently mostly importing nuclear equipment and of course fuel, but quite soon planning to be a major builder of overseas power plants and operator of overseas uranium mines, like in India.

Most major suppliers, like the USA, France, Japan and Germany are also “seriously indebted” to new epic proportions following the 2008-2009 blow-out and collapse of the not-so-funky financial sector and its collateral damage to banks, and the economy in general. The result of all this is that selling nuclear power almost any place on the planet is now an attractive option – reinforced by the inevitable collapse of international financing and funding hopes for the green energy bubble at the December 2009 Copenhagen climate summit.

All illusions aside, the economic reality of Nuclear power is that it is expensive and comes in big slices. Country risk in a long list of New Nuclear countries is high and in the extreme, over and beyond the weapons proliferation, waste handling and storage challenges in these countries, and elsewhere. Financing the Nuclear Renaissance in 2010-2020 will almost surely shift to international and multilateral debt financing methods. The IMF will surely be there, and all creative methods will have a look-in to using nuclear power plants as the underlying security in a vast new upsurge in global debt trading.

Funky Town Finance Meets The Nuclear Renaissance :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

September 30, 2010 - Posted by | energy | , ,

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