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« Interview with Rick Rule: Prepare for When the Dam Breaks | Main | GE-Alstom Deal: French Fear Losing Control of Nuclear Assets »
Sunday
Jun222014

Obama's Carbon Order Increases Nuclear Energy's Odds

President Obama

Mandating the reduction of carbon emissions could result in the increasing use of nuclear energy. Is that good?

If the nation’s current and former leaders of the Environmental Protection Agency are asked, the answer is an unmistakable ‘yes.” In fact, once nuclear plants become operational, they are able to generate electricity efficiently, safely and cheaply. Now that the White House has made it more costly for utilities to emit carbon dioxide, nuclear energy could become an attractive option.

That’s why Gina McCarthy, Carol Browner and Christine Todd Whitman are stumping for nuclear power as a sure-fired way to keep a lid on current carbon emissions, and potentially as a method to make notable cuts in such releases.

To that end, EPA Administrator McCarthy was in Chicago last week where she was pitching the Obama administration’s plan to reduce carbon dioxide emissions by 30 percent by 2030. The states will have flexibility and will submit their action plans by 2016, which they can achieve by having their utilities change-out their coal-fired plants, by installing energy efficient technologies or by trading carbon credits as they do in the Northeast and in California.


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The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

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