Emerging trends in nuclear energy

Nuclear energy is faltering in many places - especially in the USA: should it be written off. The author sees underlying trends that justify a more optimistic view of nuclear energy's future - the continuing tendency for the electricity intensity of economic activity to rise while the total energy intensity falls; a consistently favourable price trend for electricity compared with energy prices generally - a trend that may become more favourable if his judgment that nuclear plants will turn out to be very long-lived is borne out by events; the substitution of electricity-based processes in industry for older processes; and the development of ultra-safe reactors which will remove once and for all the fears of accidents such as the one that occurred at Three Mile Island. (author)