First published in Business Day, 23 July 2012
The nuclear power industry is deeply troubled, with little cause for optimism. There is growing worldwide public resistance to nuclear power stations, President Obama has terminated government subsidies in the USA for nuclear power, and Germany and Switzerland have committed to shutting down all their reactors. While the renewable energy industry has seen dramatic growth and constantly falling costs, the nuclear industry grapples with spiralling costs, the seemingly intractable waste disposal issue, and the ongoing huge economic and human costs of the Fukushima nuclear disaster.
