Category: Analysis

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In the past hundred years the need for the energy on the planet almost quadrupled. This led to the development of more energy efficient sources like nuclear power. Although it is the most productive way of creating energy, it remains to be the most dangerous and unreliable. Nuclear power plants produce toxic waste that cannot be recycled or reformed into safe mass. The fragile constructions are susceptible to nature's calamity and if damaged, have a potential to cause a huge contamination on a world scale. Fukushima nuclear meltdown in March 2011 could be one of the most recent examples. Most European countries agreed on rejection to build new plants. Despite safety issues China became the biggest supporter of this technology to dominate the global energy market.

Implications for Business

New reactors are to be built and tested in China to show possible customers in the rest of the world, that the models are safe and reliable. Westinghouse Electric, the U.S. Company owned by Japan's Toshiba. It started building a pebble-bed reactor in December, a huge 1400 megawatts power plant that operates at extremely high temperatures. In this model, graphite is used to induce nuclear fission, which makes it the most powerful. Although, when graphite is radiated it transforms into radioactive dust that is heavily polluted. In case of a failure it costs around 7 billion dollars to decontaminate. Meanwhile Europe has big expectations for solar energy. Japan, being a coastal land, is looking to limit the number of such plants. In the next fifty years alternative energy sources will prevail. Therefore, it will not be easy to find customers for such dangerous industry. It is not sensible to invest into energy technology just because it is cheap to make. This fact has been already learned and understood by many countries.

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My Thoughts

Apart from solar and wind, other means of power have been devised, hydrogen conversion from water, zero-point energy of vacuum. These are clean, efficient, and safe methods that have been invented more than a hundred years ago. One cubic centimetre of space contains enough energy to provide light for the whole planet for 24 hours. In the 90's, American scientist Stanley Meyer invented a water fuel cell that ran his car on water. We could easily stop burning petrol in our cars long time ago. Unfortunately, big corporations are so interested in profits, that they become completely oblivious to the hazards, these technologies create. Nuclear power shall never have progress. Therefore, this is a responsibility of all officials in any country to understand the implications of radioactive material on biological life. In order to save the planet, governments of all regions must create appropriate legislation to prevent nuclear corporations expanding their influences on energy supply.

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