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Nuclear Energy

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nuclear energy as compared to electricity from burning fossil fuels, by this same logic, renewable<br />

energy should be supported as compared to nuclear energy. But the advocates of nuclear energy<br />

conveniently overlook renewable energy in their passionate arguments about promoting green<br />

alternatives to electricity from fossil fuels. We discuss this alternative in detail in Chapter 10.<br />

Not only does nuclear energy create a significant amount of greenhouse gases, and is on<br />

trajectory to produce as much as conventional sources of energy within the next one or two decades,<br />

it in fact undermines the real solutions to climate change by diverting urgently needed investments<br />

away from clean, renewable sources of energy and energy efficiency. Olkiluoto-3 (OL3) has had a<br />

disastrous impact on Finland’s renewable energy industry. Prior to the decision to build the new<br />

reactor, the Finnish renewable energy industry was thriving. Today, the renewable market has<br />

stagnated as 85% of planned investments in new power generation between 2006 and 2010 have<br />

been eaten up by OL3. Leading international business advisors, Ernst & Young have ranked Finland<br />

as the third least-attractive among 25 countries for investments in renewable energy. cclxxi<br />

73

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