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Nuclear Energy

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eactor or two, but considering that dozens of nuclear plants are scheduled to shut down in the next<br />

two decades, it is obvious that the overall worldwide trend for nuclear power is going to be<br />

downwards. In all likelihood, the sun is setting for nuclear power globally.<br />

The reasons for this dismal future are the colossal problems with nuclear energy: apart from<br />

skyrocketing costs, difficulty in raising loans due to high financial risks, construction delays, and<br />

design problems, mankind has yet to find answers to the terrible safety issues with nuclear energy –<br />

the deathly radioactive pollution of the environment caused by leakage of radiation from the nuclear<br />

reactor, the as yet intractable problem of safe storage of high level wastes, and the potential for<br />

catastrophic accidents. Because of these problems, public opposition to construction of nuclear<br />

plants in their neighbourhoods is intense, and so even if governments have been willing to support<br />

the construction of new nuclear plants, they have been forced to scuttle their plans due to powerful<br />

people's protests.<br />

Paying the huge costs associated with nuclear energy, especially because mankind will<br />

continue to pay these costs for centuries for power from plants whose life will at the most be 60<br />

years, becomes even more meaningless when we contrast this with the potential of energy from<br />

renewable sources like sun, wind and biomass to meet all our future energy needs. As we see in<br />

Chapter 10, the cost of energy from renewable sources is rapidly falling, some technologies have<br />

already become competitive with electricity from conventional sources, and their economies will<br />

further improve as they develop technically.<br />

Other Independent Assessments of “<strong>Nuclear</strong> Renaissance”<br />

i) Prognos Institute Report ccclxxvi<br />

The Swiss “Prognos” institute, based in Basel, was commissioned by Germany’s Federal<br />

Agency for Radiation Protection in Salzgitter to carry out a realistic estimate of the future<br />

development of nuclear energy world-wide till the year 2030. In its report submitted in November<br />

2009, it has also come to the same conclusion:<br />

The world-wide renaissance of nuclear power that has so often been predicted will not take<br />

place in the next few decades. <strong>Nuclear</strong> energy will be on the decline till the year 2030, and will<br />

continue to decline in importance globally.<br />

The study finds that although the number of announcements of new nuclear power stations<br />

is on the increase, and everything seems to have been prepared for the big renaissance of nuclear<br />

power, but it is so only in theory. Many nuclear projects world-wide are already at a standstill. In<br />

view of the growing financing problems and political instability, at best only a third of the planned<br />

new projects will be realized world-wide. Even if construction begins, there are going to be many<br />

problems.<br />

The study concludes:<br />

93

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