The Atomic Age

Starting in 1971, I became a card-carrying member of the “nuclear priesthood.” I began as a licensed nuclear reactor operator and progressed through the industry to become a senior vice president. I believed, with religious fervor, that by helping to build and operate atomic power reactors, I would be creating power that was “too cheap to meter.” The historic 1973 gasoline shortages and long lines of cars queued at the pumps made it clear to me and hundreds of other nuclear engineers that nuclear power was the only solution to the “energy shortage.” In the 1970s and ’80s, solving this apparent energy shortage was our only mantra. At that time, there was no scientific data connecting fossil fuels to climate change.

In 1953, President Eisenhower initiated his “Atoms for Peace” program as a means to transform the atom from a scourge into a benefit for mankind and created grand illusions of at least 1,000 US atomic plants by the year 2005. However, well before the 1979 disaster at Three Mile Island, nuclear construction costs were skyrocketing and construction schedules were constantly slipping. The overzealous goal of 1,000 US atomic power reactors dwindled to about 110 finally completed reactors, while more than 120 others that had been on the drawing boards were canceled before producing a single watt of power.

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Nuclear power lobbyists and their marketing firms want us to believe that humankind’s current CO2 atmospheric releases would have been much worse were it not for those 438 power plants now operating. How much worse? The World Nuclear Association industry trade group estimates that an additional 1.1 gigatons of CO2 would have been created in 2015 if natural gas plants supplied the electricity instead of those 438 nukes. Worldwide, all those nuclear power plants made only a 3 percent dent in yearly CO2 production.Put another way, each of the 438 individual nuclear plants contribute less than seven thousandths of one percent to CO2 reduction. That’s hardly enough to justify claims that keeping your old local power plant running is necessary to prevent the sea from rising.

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Can new atomic power reactors really help cut CO2 by 2050? Unfortunately, what is past is prologue. The World Nuclear Association claims that 1,000 new nuclear power plants will be needed by 2050 to combat CO2 buildup and climate change. The MIT estimate also assumes 1,000 nuclear power plants must be in operation by 2050. Using the nuclear trade association’s own calculations shows that these new power plants will offset only 3.9 gigatons of CO2 in 2050; 3.9 gigatons out of 64 gigatons is only 6.1 percent of the total CO2 released to the atmosphere in 2050, hardly enough for the salvation of the polar bears.

If those 1,000 nuclear power plants were cheap and could be built quickly, investing in atomic power reactors might still make sense. However, Lazard Financial Advisory and Asset Management, with no dog in the fight, has developed a rubric which estimates that the construction cost of those new power plants will be $8,200,000,000,000. Yes, that’s $8.2 trillion to reduce CO2 by only 6 percent.

Read more at Nuclear Power Is Not “Green Energy”: It Is a Fount of Atomic Waste