Nuclear Energy is Expensive, Dangerous, Not Cost-Effective and Will Worsen Climate Change

According to a new report released by Amory Lovins and Imran Sheikh nuclear energy is still dangerous, not cost-effective, and too expensive and will even worsen climate change.

"A widely heralded view holds that nuclear power is experiencing a dramatic worldwide revival and vibrant growth, because it’s competitive, necessary, reliable, secure, and vital for fuel security and climate protection.

That's all false. In fact, nuclear power is continuing its decades-long collapse in the global marketplace because it’s grossly uncompetitive, unneeded, and obsolete—so hopelessly uneconomic that one needn't debate whether it's clean and safe; it weakens electric reliability and national security; and it worsens climate change compared with devoting the same money and time to more effective options."

Nuclear energy is a waste of money because it creates a pollution problem that lasts for thousands of years, money that would be better and more productively spent on renewable energy, the report says.

The report will also depress the free market supporters as it says that "nuclear power plants are unfinanceable in the private capital market because of their excessive costs and financial risks and the high uncertainty of both."

"During the nuclear revival now allegedly underway, no new nuclear project on earth has been financed by private risk capital, chosen by an open decision process, nor bid into the world’s innumerable power markets and auctions. No old nuclear plant has been resold at a value consistent with a market case for building a new one."

Via DeSmogBlog.