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Economic Failure According the American business magazine Forbes The failure of the US nuclear power program ranks as the largest managerial disaster in business history2 Early hopes of cheap nuclear energy were based on an expectation that whilst nuclear power stations would be more expensive than fossil fuel plants their running and maintenance costs would be extremely low Experience has shown that the early optimism was totally misplaced The cost of nuclear activity at all levels has exceeded those early predictions In many countries the construction costs of nuclear power plants have proved to be much higher than first expected Plants have taken longer to build and there have been many unforeseen technical problems Running costs have also been much less predictable than was first thought The costs of increased safety demands and regular equipment breakdowns have been compounded by the expensive question of how to deal with the nuclear waste In addition the predicted cost of decommissioning power stations has also escalated3 Introduction The nuclear industry is in near-terminal decline world-wide following its failure to establish itself as a clean cheap safe or reliable energy source The on-going crisis in nuclear waste management in safety and in economic costs have severely undermined the industrys credibility It is currently desperate to find a valid rationale and justification for renewed state support and funding It is promoting the claim that as nuclear power stations do not emit carbon dioxide the major greenhouse gas switching from fossil fuels to nuclear power is the only way to cut Carbon Dioxide CO2 without radically changing consumption patterns However even the most perfunctory examination of the issue shows that nuclear power has no role whatever in tackling global climate change In fact quite the opposite is true any resources expended on attempting to advance nuclear power as a viable solution would inevitably detract from genuine measures to reduce the threat of global warming There has been a marked downward world-wide
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