"Nuclear Renaissance Could Stall, Canada Group Says"

"TORONTO -- Expectations of a sharp rise in nuclear generating capacity over the next two decades are likely overblown, a Canadian think tank said on Thursday, disputing conventional wisdom that a nuclear renaissance is in full swing.

In a report based on a 3-1/2 year study of the nuclear industry, the Waterloo, Ontario-based Center for International Governance Innovation said new reactor construction will be held back by a series of economic, security, and waste disposal issues.

'Despite some powerful drivers, a revival of nuclear energy faces too many barriers compared to other means of generating electricity,' Trevor Findlay, the report's author, said in a statement.

He argues that, despite claims in the industry that nuclear capacity is expanding, there have actually been very few new reactors started in recent years, and that nuclear energy as a percentage of global energy production has actually retreated since 2001.

Standing in the way of new construction are costs that can run up to $10 billion per new reactor, competition from other, cheaper, energy sources, the problem of safely disposing of nuclear waste, and concern about the spread of nuclear weapons, the report said."

Cameron French reports for Reuters February 4, 2010.

Source: Reuters, 02/05/2010