Skip to main content

MIT Forum on Nuclear Energy

By Eric McErlain
The MIT Technology and Culture Forum sponsored a recent forum on the future of nuclear energy on campus back in March:
ABOUT THE PANEL DISCUSSION:
Nuclear energy will emerge either as a solution to the twin crises of global warming and a secure energy supply, or global catastrophe. Within this panel at least, there doesn’t seem to be a comfortable middle ground.

MIT’s Andrew Kadak, one of the two speakers arguing the necessity of nuclear energy, advances the policy recommendations formulated by a group of fellow researchers. Given the fact of global warming, we must admit a “second inconvenient truth,” says Kadak -- that all non-CO2 emitting energy sources must be used, and to make a real difference in the near term, we must turn first and foremost to nuclear energy and conservation.

Right now, 20% of U.S. electricity flows from nuclear power stations, but there have been no new orders for plants since 1975. The current administration hopes to spur interest, through its Energy Policy Act of 2005, which sets up tax credits for building new power plants. With the help of sophisticated new plant designs and an activated Yucca Mountain repository for spent fuel -- all potentially coming together in the next few years -- Kadak believes utilities and investors will accept the high costs of construction. This will be more likely if government puts in place a carbon tax, which will make fossil fuel costs higher, eventually evening the playing field for nuclear power.
Professor Kadak's presentation is called "A Second Inconvenient Truth". Also on the video are Victor Reis and Allison Mcfarlane.

Thanks to Paul Kedrosky for the pointer.

Comments

D. Walters said…
Why is that everyone is using Yucca Mountain as a 'solution'. It's the biggest waste of money in the history of the US. Why don't they reprocess ALL fuel? Why?
May 15, 2007 at 2:18 PM
Anonymous said…
Ok, if about a 5th of the US power grid is nuclear energy, and so much of this 'anti-nuke' crap is always occuring, which keeps the number of nuclear power plants FAR less than the number of coal burning or other CO2 emitting power plants then logically you can deduce that nuclear power is FAR more efficient needing FAR fewer plants, so then wouldn't it make sense to use a few nuclear power plants instead of thousands of CO2 emitting ones, sure there is waste on both sides but what do you want? Millions of tonnes of CO2 which is uncontained or a few tons of nuclear waste which has the potential to be recycled if people would let the technology prosper which WOULD be contained SAFELY, Chernobyl was an accident in a poor country with terrible safety and structural regulations. This is NORTH AMERICA land of the free, rich (relatively speaking) and well educated (in comparison to other places). Like wow people take your heads out of your collective asses and wake up, it's the bloody future staring you in the face.
July 6, 2007 at 9:56 PM
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