Tuesday, May 17, 2011

No Nukes, Germany says No Problem

During the last several years, there has been talk of a global "renaissance of nuclear energy". That was yesterday. Today, the tragic disaster in Fukushima, Japan, has raised worrying questions about the safety standards of existing nuclear power plants.

Countries around the world have prompted safety reviews of active reactors. In the U.S., the Nuclear Regulatory Commission (NRC) will publish a review of the 104 active reactors within three months. China has meanwhile suspended new plant approvals and Switzerland has shut down its plans for nuclear expansion.

But safety issues are not the only concern for nuclear power these days. Rising costs and perceived financial risks are significant barriers to new investments. President Obama supports nuclear power and has included it in his plans to achieve 80% clean energy by 2035. http://www.renewableenergyworld.com/rea/news/article/2011/05/no-nukes-no-problem-germanys-race-for-a-renewable-future?cmpid=SolarNL-Tuesday-May17-2011

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