Nuclear Issues

Characterizing the future performance of energy technologies can improve the development of energy policies that have net benefits under a broad set of future conditions. In particular, decisions about public investments in research, development, and demonstration (RD&D) that promote technological change can benefit from (1) an explicit consideration of the uncertainty inherent in the innovation process and (2) a systematic evaluation of the tradeoffs in investment allocations across different technologies. To shed light on these questions, over the past five years several groups in the United States and Europe have conducted expert elicitations and modeled the resulting societal benefits. In this paper, the authors discuss the lessons learned from the design and implementation of these initiatives.

The Summer 2011 issue of the Belfer Center newsletter features analysis and advice by Belfer Center scholars regarding the historic upheavals in the Middle East and the disastrous consequences of the earthquake and tsunami in Japan. The Center’s new Geopolitics of Energy project is also highlighted, along with efforts by the Project on Managing the Atom to strengthen nuclear export rules.

"The focus of the workshop was on the demonstration stage of the technology innovation cycle. Current policies do not adequately address the private sector’s inability to overcome the demonstration "valley of death" for new energy technologies. Investors and financiers fear that the technology and operational risks at this stage of the cycle remain too high to justify the level of investment to build a commercial-sized facility."

"I would urge every scientist and engineer with an interest in the intersection of S&T with sustainable well-being...to 'tithe' 10% of your professional time and effort to working in these and other ways to increase the benefits of S&T for the human condition and to decrease the liabilities. If so much as a substantial fraction of the world's scientists and engineers resolved to do this much, the acceleration of progress toward sustainable well-being for all of Earth's inhabitants would surprise us all."

Human well-being rests on a foundation of three pillars: economic conditions and processes; sociopolitical conditions and processes; and environmental conditions and processes. Arguments about which pillar is “the most important” are misguided. All three pillars are indispensable.