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Bad Reactors – Mariah Blake

Bad ReactorsRethinking your opposition to nuclear power? Rethink again.Washington Monthly Feb 09 By Mariah Blake – “…………………..These complications have already erased the cost savings nuclear power was supposed to deliver compared to other energy sources, such as natural gas. What’s more, the reactor won’t be completed before 2012, when the Kyoto treaty expires. To meet its targets, between now and then Finland will have to buy hundreds of millions of dollars’ worth of credits through the European Union’s emissions trading scheme. In the meantime, because the country expected the reactor to deliver a bounty of energy and didn’t pursue other options, it’s facing a severe electricity shortage and will have to import even more from abroad, which will drive up power bills. Elfi, a consortium of Finnish heavy industries, has calculated that the project delays will create $4 billion in indirect costs for electricity users………………………………….s Finland’s experience shows, the reality may be far messier than the industry lets on: a growing body of evidence suggests that new nuclear construction projects are prone to the same setbacks as those undertaken a generation ago, when lengthy delays and multibillion-dollar cost overruns were commonplace. This raises serious questions about the potential of nuclear power as a front-line solution in the battle against climate change.

Bad Reactors – Mariah Blake

February 13, 2009 - Posted by Christina Macpherson | 2 WORLD, business and costs