nuclear-news

Nuclear lobbyists admit deep industry trouble: pin their hopes on Asia and Russia

Nuclear Power Is In Crisis As Cost Overruns Cripple Industry Giants, New Matilda.,  By Jim Green on February 26, 2017  ‘ The EU, the US and Japan are busy committing nuclear suicide’

“………..The nuclear industry and its supporters have responded in varying ways to the crises facing nuclear utilities and the industry’s broader malaise. Some opt for head-in-the-sand delusion and denial. Others are extremely pessimistic about the industry’s future. Others paint a picture of serious but surmountable problems.

There is agreement that the nuclear industries in the US, Japan and the EU ‒ in particular their nuclear export industries ‒ are in deep trouble. A February 2017 EnergyPostWeekly article says “the EU, the US and Japan are busy committing nuclear suicide.” Michael Shellenberger from the pro-nuclear Breakthrough Institute notes that: “Nations are unlikely to buy nuclear from nations like the US, France and Japan that are closing (or not opening) their nuclear power plants.”

Shellenberger said: “From now on, there are only three major players in the global nuclear power plant market: Korea, China and Russia. The US, the EU and Japan are just out of the game. France could get back in, but they are not competitive today.”

That’s good news for the nuclear industries in South Korea, China and Russia. But they might end up squabbling over scraps ‒ there were just three reactor construction starts last year around the world.https://newmatilda.com/2017/02/26/nuclear-power-is-in-crisis-as-cost-overruns-cripple-industry-giants/

February 26, 2017 - Posted by Christina Macpherson | 2 WORLD, business and costs