Germany is exhibit A for the economic havoc that turning off nuclear facilities can wreak if care and planning aren’t taken. No energy source should be seen as an economic trap or be allowed to become one – it’s one reason the term “energy diversity” is bandied about – and countries should be able to respond to price spikes in, say, the cost of natural gas, uranium or coal without the cost of electricity likewise going haywire. That’s another reason for energy diversity. But if a country makes too precipitous a change, without adequate planning, well, you’ve got Germany. Japan, of course, is a different case. If it were to allow a similar outcome, it would be especially distressing because Japan has so few other options. With some of its reactors running, Japan’s gross domestic product in 2012 would grow 1.9 percent, according to the first scenario. Industrial production would rise 5 percent from the previous year, and the country would have a trade surplus — its standard for three...
Former blog for NEI featuring news and commentary on the commercial nuclear energy industry. Head to NEI.org for the latest blog posts.