Skip to main content

Professor Takes Issue with Greenpeace Estimates in Belgium

By Eric McErlain
In Belgium, the local chapter of Greenpeace is calling on the government to close that nation's nuclear power plants earlier than scheduled.

Luckily, not everyone is buying it. One professor ran the numbers, and had this to say:
Professor Jacques De Ruyck, specialist in renewable energy, disagrees with the reasoning that Greenpeace puts forward to encourage the closing of the old nuclear power plants. The oldest nuclear power plants are producing just a small share of the electric energy we use, he says. Meanwhile, Greenpeace is not taking the rising demand for electricity into account. Instead, they estimate that the consumer will cut down on usage by 2.5 to 3 percent a year. “That gigantic percentage is unrealistic”, De Ruyck says.

If we try to both decrease our CO2 production and close the nuclear plants, we may face serious shortages. Electricity will become five times more expensive, De Ruyck says.
Currently, nuclear energy accounts for 55 percent of Belgium's electricity. Meanwhile, the Belgian Entrepreneurs Union has already asked the government to build a new nuclear power plant.
Labels:

Comments

Matthew66 said…
I predict that Belgium will continue to derive the vast majority of its electricity from nuclear power. The only question is whether the nuclear power stations are located in Belgium, where they will pay Belgian taxes and enhance the Belgian economy, or whether they will be located in France, paying French taxes and enhancing the French economy.
February 21, 2007 at 3:28 PM
Joffan said…
I wonder how many of those 255 "clean energy projects" that Greenpeace is advocating are gas-fired cogeneration. Elsewhere I've seen that the classic renewable schemes have the potential to address only about 3-4% of Belgium's 2020 electricity requirements.
February 22, 2007 at 10:37 AM
Post a Comment

Popular posts from this blog

Fluor Invests in NuScale

By
You know, it’s kind of sad that no one is willing to invest in nuclear energy anymore. Wait, what? NuScale Power celebrated the news of its company-saving $30 million investment from Fluor Corp. Thursday morning with a press conference in Washington, D.C. Fluor is a design, engineering and construction company involved with some 20 plants in the 70s and 80s, but it has not held interest in a nuclear energy company until now. Fluor, which has deep roots in the nuclear industry, is betting big on small-scale nuclear energy with its NuScale investment. "It's become a serious contender in the last decade or so," John Hopkins, [Fluor’s group president in charge of new ventures], said. And that brings us to NuScale, which had run into some dark days – maybe not as dark as, say, Solyndra, but dire enough : Earlier this year, the Securities Exchange Commission filed an action against NuScale's lead investor, The Michael Kenwood Group. The firm "misap...
1 comment
Read more

Wednesday Update

By
From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...
Post a Comment
Read more

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

By
Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...
Post a Comment
Read more