Antinuclear

Australian news, and some related international items

Should Australia invest in importing nuclear waste, with nuclear industry in decline?

poster renewables not nuclearIn summary, the branding of nuclear as ‘green’ is fallacious

To invest in an industry that is in global decline, does not appear to be as rational as investing in a growth area such as renewable energy. Renewable energy is a business space where Australia has a multitude of trained engineers, existing infrastructure, and an abundance of sunshine. Building intentional renewable overcapacity in Australia will potentially be a wise investment, as that surplus can then be used to generate hydrogen or other fuels that can be liquefied and traded on overseas markets.

Nuclear power – Game overDerek Abbott, October 2016, “……..Renewables vs. nuclear While nuclear power plants experience economic decline, renewables are rapidly growing and penetrating the market on an exponential curve. The global annual increase in renewable generation for 2015 alone was 50 GW for solar panels, 63 GW for wind power, and 28 GW for hydropower.26

Nuclear power is large and centralised, with enormous entry and exit costs. By contrast, renewables are made up of small modular units that yield a faster return on investment. The revolution we are witnessing is akin to the extinction of big powerful dinosaurs versus resilient swarms of small ants working in cooperation.

Nuclear power is sinking under the weight of its complexity, costs, and the headache of its waste issue. On the other hand solar power is brought to us via free sunshine exposing the promises of nuclear as mere moonshine………

What really matters is rate of carbon footprint reduction

The spin put on nuclear power as having a ‘low carbon’ footprint is a further case of greenwashing. For example, if there were a threefold ramp up of nuclear power this century, it would result in a modest 6% carbon reduction.35 On the other hand, the exponential uptake of renewables this century will far outstrip 6%.

What really matters is not the present carbon footprint today of each power source, but the rate of footprint reduction that they introduce. Presently nuclear is in decline, and solar uptake is exponentially growing. Thus the reduction in carbon footprint from solar will experience a ‘compound interest’ type of effect. Because the solar market is fast and flexible, whereas nuclear is economically slow and stunted, solar will vastly exceed nuclear in terms of rate of carbon mitigation.

In summary, the branding of nuclear as ‘green’ is fallacious and the opportunism of nuclear advocates proclaiming environmental concern is about as comforting as Donald Trump in a Mexican hat………

Should Australia store nuclear waste?

Possible motivations to build a deep underground repository for international high-level nuclear waste, in Australia, are the promises of income, increased employment, and support of a waning Australian uranium export industry.37

However, it is important to note that no pro-nuclear power country has yet opened such a repository. To enter a new business space, where even the highly experienced players have not delivered, is to take on considerable economic risk and uncertainty.

To invest in an industry that is in global decline, does not appear to be as rational as investing in a growth area such as renewable energy. Renewable energy is a business space where Australia has a multitude of trained engineers, existing infrastructure, and an abundance of sunshine. Building intentional renewable overcapacity in Australia will potentially be a wise investment, as that surplus can then be used to generate hydrogen or other fuels that can be liquefied and traded on overseas markets. …….http://static1.1.sqspcdn.com/static/f/356082/27266889/1475068962187/NuclearPower_GameOver_DerekAbbott.pdf?token=k03ANDcymFwyMd1Uu1Y7uysGTQI=

 

September 30, 2016 - Posted by | AUSTRALIA - NATIONAL, NUCLEAR ROYAL COMMISSION 2016, South Australia, wastes

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