Nuclear Energy Meets Waxman-Markey Bill Requirements
Written by Glenn Pearston   
Wednesday, 17 June 2009 18:19
The energy bill named "Waxman-Markey" set ambitious goals of reducing greenhouse gas emissions and while nuclear power appears to be the surest means of meeting those goals, the industry does not appear to realize this. Nuclear power has been a bit unacknowledged as a part in this role. Steve Kirsh of the Huffing Post made these statements earlier today. U.S. Department of Energy Secretary Chu, and Susan Hockfield, MIT's president, make the point that nuclear must be key in moving forward and that all clean energy couldn't be supplied by renewables only. Some would argue that nuclear energy is a renewable energy, but this is a contentious point due to the fact that uranium, the material that fuels nuclear plants, is a limited resource. In other words, it will run out eventually, experts say in 30 to 60 years. Yet, he goes on, the bill contains 932 pages, yet "nuclear" appears only twice. An odd thing when you consider 70% of the CO2-free power comes from nuclear energy. More odd when you consider that we have not built any new reactors for 30 years, yet it is 70% of clean power generated!

An unnamed House member responded to Kirsh in an attempt to address what seems to be a nuclear shortfall. The response said: Because of the fact that nuclear power generates fewer greenhouse emissions than fossil energies, utilities need fewer allowances for emissions to meet compliance requirements of carbon limitations from ACES than it would without that legislation.

Because of the Renewable Electricity Standard, electricity generated by nuclear units wouldn't be added to the utilities base line electricity level. Because of this, a new nuclear plant wouldn't necessitate a utility to acquire a higher level of renewable electricity. This makes certain that RES doesn't provide any disincentive for constructing new power plants.

Aces sets a self-sustaining CEDA (Clean Energy Deployment Administration) within the DOE in the promotion of domestic development of clean technologies. CEDA would become entrusted in providing direct loans, guarantees on loans and letters pertaining to credit for the support of clean technologies which might not have the ability to obtain financing otherwise, including nuclear.

ACES includes amendments to existing DOE financing guarantee programs. The department received 21 applications for loan guarantees for proposed power plants, which totals $122 billion in assistance. Congress recently passed the massive loan guarantees for nuclear energy plant construction. This will have huge benefits to the four companies that are certified for the funding.

Where logical policymaking is taken under consideration, much of this seems counterintuitive. On the one hand an assertion that things of a certain nature will occur because they have to in order to meet a goal, is one thing; it's another thing to include it in actual policy. It seems underhanded and unnecessary. Alternatively, points regarding RES and CEDA make sense due to the fact that nuclear plays a part already - it shouldn't need to specifically be mentioned. Not stating the word nuclear in written material does not negate it in reality.


Glenn Pearston
Written on Wednesday, 17 June 2009 18:19 by Glenn Pearston

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