Nuclear energy is both the greenest and most efficient energy on the planet. From Felicity Bradstock at oilprice.com:
- Energy security has now become a central focus for governments around the world as energy prices soar, and this new focus has seen a revival of interest in nuclear power.
- While nuclear power does have problems associated with its cost and its environmental impact, the safety issues that are frequently pointed to by detractors are greatly exaggerated.
- The U.S. Department of Energy expects demand for nuclear reactors to reach $1 trillion globally, although any nuclear accident could set the industry back drastically.
Governments are backing nuclear power in a big way but fears of disasters still linger, with any mishap having the potential to derail the big nuclear resurgence. As governments get behind nuclear projects for the first time in several decades, in order to boost their energy security, many continue to be fearful of nuclear developments for both safety and environmental reasons. But will leaders be able to convince the public of the need for nuclear energy as part of a green transition? Nuclear energy was hailed years ago as the cleaner alternative to fossil fuels that could provide reliable energy to countries around the globe. But as it was increasing in popularity, with several major global developments being achieved, three notable disasters undermined the potential for widespread nuclear development. The events of Three Mile Island in Pennsylvania in 1979; Chornobyl in 1986; and Fukushima in Japan in 2011 led to a movement away from the development of nuclear projects in favor, largely, of fossil fuels.