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.

Dramatic growth in nuclear energy would be required for nuclear power to provide a significant part of the carbon-free energy the world is likely to need in the 21st century, or a major part in meeting other energy challenges. This would require increased support from governments, utilities, and publics around the world. Achieving that support is likely to require improved economics and major progress toward resolving issues of nuclear safety, proliferation-resistance, and nuclear waste management. This is likely to require both research, development, and demonstration (RD&D) of improved technologies and new policy approaches.

"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."

From the July 29, 2003 MIT press release: A distinguished team of researchers from the Massachusetts Institute of Technology and Harvard released today what co-chair Dr. John Deutch calls "the most comprehensive, interdisciplinary study ever conducted on the future of nuclear energy." The report maintains that "The nuclear option should be retained precisely because it is an important carbon-free source of power."

The energy futures of China and the United States are intimately linked: both countries draw on the same international sources for imported oil, and both countries will be depending on similar energy technologies and will jointly benefit from technological advancements.

Discussion Paper by Dr. Ashton B. Carter

Book by Ashton Carter, Desmond Ball, Hans Bethe, Bruce Blair, Paul Bracken, Hillman Dickinson, Richard Garwin, Kurt Gottfried, David Holloway, Henry Kendall, Lloyd Leavitt, Jr., Richard Ned Debow, Condoleezza Rice, Peter Stein, John Steinbruner, Lucja Swiatkowski, and Paul Tomb.

Thanks to the collapse of European communism, it is possible to envisage a new community embracing most of the states of the Northern Hemisphere. Voters in most of the former Soviet bloc countries have affirmed their commitment to democracy in repeated elections. Because of these elections, especially those in Russia, it is possible to think realistically of creating a Commonwealth of Democracies from Vancouver to Vladivostok to Tokyo.