The cost of new nuclear power has been underestimated by almost a factor of three and the potential of small scale renewables critically overlooked according to this report written by Andrew Simms, Petra Kjell and David Woodward. Nuclear power has been promoted in the UK and globally as the answer to climate change and energy insecurity. But, as a response to global warming, nuclear power is too slow, too expensive and too limited. And, in an age of terrorist threats, it is more of a security risk than a solution. Instead, renewable energy offers as safe, secure and climate-friendly energy supply system. It leaves no toxic legacy and is abundant and cheap to harvest both in the UK and globally. Practically, however, as the authors argue, a broader combination of renewable energy sources than is currently utilized, tapped into with a range of micro, small, medium and large-scale technologies, and applied flexibly, could more than meet all of our needs.
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Simms, Andrew, Petra Kjell, and David Woodward. 2005. Mirage and Oasis: Energy choices in an age of global warming. The trouble with nuclear power and the potential of renewable energy. London: New Economics Foundation, in association with the Ashden Awards for Sustainable Energy. http://www.neweconomics.org/gen/z_sys_PublicationDetail.aspx?PID=209.