The Future Of Nuclear Power

Mar 13 2012 @ 7:34am

The Economist worries about the industry: 

Whether it comes to benefit from carbon pricing or not, nuclear power would be more competitive if it were cheaper. Yet despite generous government research-and-development programmes stretching back decades, this does not look likely. Innovation tends to thrive where many designs can compete against each other, where newcomers can get into the game easily, where regulation is light. Some renewable-energy technologies meet these criteria, and are getting cheaper as a result. But there is no obvious way for nuclear power to do so. Proponents say small, mass-produced reactors would avoid some of the problems of today’s behemoths. But for true innovation such reactors would need a large market in which to compete against each other. Such a market does not exist.