Antinuclear

Looks like Australia’s uranium industry is finished

Nuclear power has suddenly gone from being part of the solution for future green energy to a dangerous relic of the cold-war era…..Australia’s refusal to build nuclear reactors looked irrational at the time, and might now end up looking prescient.

Fugitives of Japan’s climate fallout,  Business Spectator, Alan Kohler, 18 Mar 2011 Japan’s nuclear crisis is a dramatic complication to Australia’s – and the world’s – already complicated and fraught climate change policy debate. China announced on Wednesday that it was suspending approval of 25 reactors under construction; Germany has imposed a moratorium on 17 reactor renovations; many other countries are now reviewing their nuclear policies. An analyst from Dresdner Bank in Germany, Daneil Brebner, was quoted this morning as saying: “Nuclear power has suddenly gone from being part of the solution for future green energy to a dangerous relic of the cold-war era.”………..
If China and India turn their backs on nuclear power not only will the demand for gas and coal soar, along with fugitive emissions in Australia, but also the positives and negatives associated with our terms of trade boom will be extended and exacerbated.

It is an exquisite dilemma for Australia. We make far more money from coal and gas than uranium exports, so if worldwide uranium demand collapses and is replaced by demand for coal and gas it is fabulous news for the national economy……Australia’s refusal to build nuclear reactors looked irrational at the time, and might now end up looking prescient.

March 18, 2011 - Posted by Christina Macpherson | General News