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Sweden's
steelmakers need affordable, reliable electricity. So do the Nordic nation's
chemical producers, forestry firms, and mining companies. Power plants that
burn fossil fuel may not be "green", but the country that hosted the very first
U.N. environmental conference needs power, too. How will Sweden balance the requirements
of industry with the stated centerpiece of its environmental goals – "to pass on to the next generation a society
in which the major environmental problems have been solved"?
The trade group that represents these Swedish industries hired
PriceWaterhouseCoopers (PWC) to perform
a comparative cost analysis. What's the most cost-effective alternative to fossil
fuel power plants: nuclear energy, hydropower, or wind power? The results,
writes Brian Westenhaus of OilPrice.com, show that "a
whole lot of environmental types are not going to be happy that their anti-nuclear
claims are found fallacious."
According to the PWC study, both nuclear power and
hydropower are more cost-effective than wind energy. In fact, wind power is 65%
more expensive than hydro and about 50% more
expensive than nuclear power. Environmentalists could counter that nuclear waste is costly
- but the PWC study included the expense of waste management and decommissioning.
What do you think Sweden will do?
Sources: OilPrice.com and Fact Sheet
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