Question Earthority!

“With this week’s application to build a new nuclear plant — the first such filing in nearly 30 years — the industry says the US is on the verge of a nuclear power renaissance. With virtually no greenhouse-gas emissions, reactors are touted as part of the solution to global warming. Over the next 15 months, the Nuclear Regulatory Commission expects a tidal wave of similar permit applications for up to 28 new reactors, costing up to $90 billion to build. But the renaissance may be less robust than it looks. Even if the projects are successful and building proceeds at breakneck speed, the lead times are so long and costs so high that it’s unclear that the US can build enough nuclear plants to make a dent in greenhouse-gas emissions by 2050. They’re so financially risky, experts say, that the only reason building plans are under way is that the federal government has stepped in to guarantee investors against loan defaults.” (09/28/07)