Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
« New Baghdad and the Collapse of Capitalism | Main | Rick Rule: Energy Bull »
Sunday
Mar142010

The reemergence of world nuclear energy

President Sarkozy 15 March 2010.JPG

An interesting 'take' on the financing of nuclear power by the French President, Nicolas Sarkozy, who advocates the deployment of funds from The World Bank for such purposes.


Hosting a meeting at the headquarters of the Organization for Economic Cooperation and Development (OECD) in Paris, French President Nicolas Sarkozy said on 8 March that international organizations such as the World Bank should begin financing the non-military use of nuclear energy. “I don’t understand and I don’t accept the exclusion of nuclear energy from international finance,” Sarkozy, a proponent of nuclear power, said at the opening of a two-day conference in Paris on making atomic power more widespread.

Representatives from some 60 nations gathered at the Paris nuclear energy conference. Iran, whose nuclear program is the target of international concern, was not invited to the talks. But Syria, whose nuclear interests have stirred controversy, was present.

The French President noted that international organizations do not finance nuclear energy. “This condemns countries to using energies that are more expensive and dirtier,” Sarkozy said.

France has 58 nuclear reactors - and two modern EPR reactors under construction - which currently meet about four-fifths of the country’s electricity demand. He said that financing for countries that want to build nuclear reactors would help France’s nuclear energy industry, including Areva and EDF.

The French president told more than 700 conference participants from 65 countries that “the responsible development of non-military nuclear energy” was vital to combating global warming. Sarkozy made a number of proposals to promote the availability and use of nuclear power, including the allocation of carbon credits to non-carbon emitting energy projects after 2013.

He also said that France plans to set up an international institute of nuclear energy to produce skilled engineers and technicians, in addition to establishing a Franco-Chinese centre with a campus in Canton. Sarkozy also proposed the creation of an independent authority on nuclear safety and an evaluation system to rate available reactors on their safety.

To read the article in full please click here.


Have a good one.

Got a comment then please add it to this article, all opinions are welcome and appreciated.


If you would like to get a bit more bang out of your your buck, then check out our Options Trading Service please click here.


To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address.

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>