It’s always good to add a little good news to one’s day!
The World Bank and United Nations on Wednesday appealed for billions of dollars to provide electricity for the poorest nations but said there would be no investment in nuclear power.
“We don’t do nuclear energy,” said World Bank president Jim Yong Kim as he and UN leader Ban Ki-moon outlined efforts to make sure all people have access to electricity by 2030.
And, in case I missed this one, I’ll add it now, too!
Nuclear reactors are not a viable source of new power in the West, Morningstar analysts conclude in a report this month to institutional investors.
Nuclear’s “enormous costs, political and popular opposition, and regulatory uncertainty” render new reactors infeasible even in regions where they make economic sense, according to Morningstar’s Utilities Observer report for November.
“Aside from the two new nuclear projects in the U.S., one in France, and a possible one in the U.K., we think new-build nuclear in the West is dead,” Morningstar analysts Mark Barnett and Travis Miller say in the report.
This view puts Morningstar on the same page as former Exelon CEO John Rowe, who said in early 2012 that new nuclear plants “don’t make any sense right now” and won’t become economically viable for the forseeable future.
Real reasons to hope for an end to nuclear energy.