by Frank N. von Hippel
Although a dozen years have elapsed since any new nuclear power reactor has come online in the U.S., there are now stirrings of a nuclear renaissance. The incentives are certainly in place: the costs of natural gas and oil have skyrocketed; the public increasingly objects to the greenhouse gas emissions from burning fossil fuels; and the federal government has offered up to $8 billion in subsidies and insurance against delays in licensing (with new laws to streamline the process) and $18.5 billion in loan guarantees. What more could the moribund nuclear power industry possibly want?
Jonathan Granoff is the President of the Global Security Institute, a representative to United Nations of the World Summits of Nobel Peace Laureates, a former Adjunct Professor of International Law at Widener University School of Law, and Senior Advisor to the Committee on National Security American Bar Association International Law Section.