[p2p-research] "Nuclear decline set to continue, says report, " by Nuclear Engineering International

[Michel Bauwens]

>From the news release, "Nuclear decline set to continue, says
report<http://www.neimagazine.com/story.asp?sectioncode=132&storyCode=2053966>,"
by Nuclear Engineering International:

Nuclear will continue to decline according to a new report. At this point
there is no obvious sign that the international nuclear industry could turn
the decline into a promising future, it says. ...

The report says that there seems to be a “widening gap” between the
industrial reality with its current trends and the "perception of some sort
of nuclear renaissance”.

>From the report:

The flagship EPR project at Olkiluoto in Finland, managed by the largest
nuclear builder in the world, AREVA NP, has turned into a financial fiasco.
The project is more than three years behind schedule and at least 55% over
budget, reaching a total cost estimate of €5 billion ($7 billion) or close
to €3,100 ($4,400) per kilowatt.

There are numerous ways by which governments have organized or tolerated
subsidies to nuclear power. They range from direct or guaranteed government
loans to publicly funded research and development (R&D). Direct ownership of
subsidized nuclear fuel chain facilities, government funded nuclear
decommissioning and waste management, generous limited liability for
accidents and the transfer of capital costs to ratepayers via stranded cost
rules or special rate-basing allowances are all common in many countries.



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