Nuclear Costs to Rise Following Fukushima Disaster

The nuclear disaster at the Fukushima nuclear power plant in Japan has definitely fueled the nuclear debate all over again. Just when the critics of nuclear power seemed to be losing out in favor of the benefits provided by nuclear power, reports of exposed workers, contaminated food, and possible leaking reactor cores continue to come out of Japan. However, researchers around the world are already predicting that this disaster is going to have a major impact on the nuclear industry worldwide. According to Mark Cooper, a senior fellow at Vermont Law School’s Institute for Energy and Environment, the industry is expecting construction costs for nuclear reactors for the foreseeable future to go up considerably following the Japanese nuclear problems.

Source: Energy Business Daily