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Tuesday, March 29, 2011

postheadericon Emerging markets and nuclear energy

In light of the recent Japanese nuclear accident caused by one of the largest earthquakes the country had experienced in more than 300 years, I reflect on the future of nuclear power and how public perception has certainly been affected. These events are devastating, there is no doubt. It might, however, be an opportune time for us to step back and look at recent events objectively. An initial knee-jerk reaction is to point to this accident as a confirmation that nuclear energy is dangerous and causes dramatic public harm. However, giving up on nuclear energy would be hasty, short-sighted and counterproductive.

Our current energy supply and consumption trends are unsustainable in the long term. We live in a word increasingly constrained by multiple objectives competing for finite resources (time, money, technology, availability, etc.). Countries are playing a balancing act between reducing greenhouse gas emissions, addressing climate change concerns, ac! hieving energy security by ensuring an adequate, reliable and safe supply shielded from volatile prices and ensuring economic growth. While there is certainly no silver bullet, nuclear energy does indeed play a critical role in bridging these objectives.

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