Ben Buchwalter


Energy Scientists: Nuclear Loan Increase is Bad Policy
February 17, 2010, 8:50 pm
Filed under: Barack Obama, Environment, Mother Jones | Tags: , , ,

No one can say that economists, environmentalists, and energy scientists have not warned the Obama administration about the dangers of expanding nuclear energy. After the administration announced that it planned to triple the amount of nuclear loan guarantees for nuclear projects, I posted a roundup at MoJo. Here’s an excerpt:

David Kreutzer, an energy economic and climate change analyst for the conservative Heritage Foundation wrote in a blog post for the National Journal that increasing the loan guarantees “is a bad idea for taxpayers, consumers and long-term industry competitiveness” because it would “stifle competition and technological development within the nuclear energy industry.”

And in a particularly damning blow to nuclear interests, Dr. Mark Cooper, an energy and environment economist at Vermont Law School wrote a report (pdf) last summer predicting that the cost of 100 new reactors could cost up to $4.1 trillion and that a combination of increased energy efficiency and cleaner renewable energy options would produce the same level of electricity.

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