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Nuclear Power Reaching Out to Regain Lost Grounds Despite the Safety Concerns
GlobalData, June 2011, Pages: 8
Nuclear Power Reaching Out to Regain Lost Grounds Despite the Safety Concerns
Summary
Despite increased concerns about the safety of nuclear power, the growing demand for electricity and new emission abatement targets have led to a resurgence of nuclear power. During its early development, nuclear power was considered dangerous due to the devastation it caused during World War II. It later began to be seen as a useful source for power generation; however, nuclear accidents at Chernobyl and Three Mile Island aggravated the associated dangers. Adding to this fear factor, the recent accident at Fukushima nuclear power plant has led to increased negative public sentiments towards nuclear power. However, investigations in to the recent Fukushima disaster have shown that this was a result of a chemical and not a nuclear explosion. Most countries have reacted by emphasizing increases in safety measures rather than moving away from this useful source of energy. Careful evaluation and experience drawn from accidents can help in the further development of the design, construction, operation and maintenance of existing and future nuclear plants. The developments can help in avoiding any form of radiation leakages that would result in a backlash against nuclear power. Countries can cooperate by raising safety standards, through global organizations and associations, to ensure the development of new generation nuclear reactors to help nuclear power regain lost ground.
Scope
- Market prospects of nuclear power with the growing safety concerns worldwide
- Key issues influencing the growth of nuclear power
- Future and current market potential offered by nuclear power
- Regulatory and safety measures for the growth of nuclear power
Reasons to buy
- Identify the key growth and investment opportunities in the nuclear power generation sector
- Gain insights on the growth potential of nuclear power offered by increasing safety measures
- Developing strategies for scaling-up nuclear power generation
- Facilitate decision-making based on regulatory framework to scale-up nuclear power generation
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