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« Narendra Modi government may go slow on nuclear energy expansion: PwC | Main | Tiny nuclear waste fee added up to billions »
Monday
May192014

The White House's Climate Assessment Heats Up The Discussion About Nuclear Power

Last week, the Obama Administration unveiled the enormous Third National Climate AssessmentClimate Change Impacts in the United States (the “Assessment”). The Assessment has received some modest criticisms from libertarian think tank Cato Institute, and others. And of course, energy interests across the spectrum—coal, gas, oil, biofuel, wind, solar, etc.—are puzzling over what the report means for the future of energy policy.

But I think there’s an energy sector that will be more affected than any of them—the nuclear power industry.

I’ll explain, but let me back up and tell you about the report first. This isn’t something that was cooked up by a couple of Obama politicos in the West Wing. The 800-plus-page Assessment is the product of a prodigious and significant scientific exercise. A 60-person Federal Advisory Committee of distinguished scientists and other experts oversaw its development; additionally, it underwent an intense peer and public review process.

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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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