Tuesday, January 3, 2012

50% Higher Costs for Nuclear Predicted for 2012

Japan Today:Even higher costs and more headaches ahead for nuclear power in 2012
[Excerpted] "A new paper presented by Mark Cooper, senior fellow for economic analysis, Institute for Energy and the Environment, Vermont Law School, suggests that the cost of nuclear power, which already had risen sharply in 2010 and 2011 before the Fukushima disaster, could climb another 50% due to tighter safety oversight and regulatory delays in the wake of the reactor calamity in Japan. The Cooper paper is available online at http://www.markcooperresearch.com/Nuclear-Safety-and-Nuclear-Economics-Post-Fukushima.pdf.

This is a must read article by Cooper. The Japan Today summary is a good quick introduction.

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