Poreda and Smith, wt al., reported in late 2019 that As the topic of climate change grows increasingly relevant today, it is no surprise that socially responsible investors are looking to find new, alternative energy providers for their portfolios. While the majority of people have heard of the more traditional, renewable resources such as hydro-electric, wind and solar, nuclear power is often swept aside as an alternative in these discussions. This
is a missed opportunity.
Events such as the 2011 Fukushima disaster in Japan, where the tsunami caused by the Tohoku
earthquake flooded reactors leading to three nuclear meltdowns and three hydrogen explosions [but media hype although not a disaster but an industrial incident ... because no one died and no one was irradiated], and of course and HBO’s Emmy award-winning miniseries, Chernobyl, which dramatizes the story of the 1986 nuclear accident — one of the worst man-made catastrophes in history* — have drawn significant global attention to the dangers associated with nuclear power. While tragedies such as these [only the latter was a tragedy ...Bias Alert here] are devastating, when executed properly and with utmost care, nuclear power has the potential to be a strong, ESG-friendly alternative [More bias here .... nuclear power is already "a
strong, ESG-friendly alternative", and has been so over the past 40 years to societies' loss. Calculate the less the climate danger if coal had been replaced by nuclear, as intended]. Nuclear power is readily available and able to provide large-scale quantities of carbon-free power
with minimal land requirements and fewer capacity issues when compared to its alternative energy counterparts. With new technology developments, nuclear power will become an even more cost-effective, safe energy solution [Of course it is already and more so with the newer technology].
Climate change is a global, urgent issue that needs to be addressed as a soon as possible. While there are certainly obstacles to face when it comes to successful implementation of nuclear power, its potential to complement other sustainable energy alternatives such as wind and solar power is remarkable.
[Even Bias Alert here .... "certainly obstacles to face," which it does not ! Complementing wind and solar? Not! Replacing both to power the grid? Yes. The authors are clearly biased in favor of "renewables". There is no balance in this report, i.e., damming by faint praise at work here].
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