Once this bill is passed, which is almost inevitable, will completely change the nuclear energy industry. The unfettered market will be up for grabs to the highest bidders, and most appealing businesses. India's $100 billion investment is just a sign of how fast this market is expected to grow. European companies and some USA energy giants such as, GE are already beginning to mobilize to get into this market with investment strategies and company emissaries to India. If this market truly takes off the energy industry may begin to sway toward more alternative resources. India will be the staging ground for the beginning of a new energy market.
The energy industry will see rapid changes in the next 20 to 30 years. The 'green movement' has caused consumers to rethink the impact of energy resources on the environment. None will argue that the consumer conscience is moving toward a more clean and sustaining resource. The fact is nuclear energy could be that very resource. Globalization is arguably one of the reasons pollution has spiked in the past century. If nuclear energy were to be embraced and proven efficient then maybe one of the detriments of globalization could be put to rest, saving ecosystems.
- Timothy D. Vallario
I'm glad that the embargo has been removed. I feel like this will allow for technological advances in the nuclear energy area, but I feel like there are many negative opinions about it too.
ReplyDeleteSee: http://www.atimes.com/atimes/South_Asia/LI02Df04.html
Personally, I'm a bit skeptical about the bill. According to the article, there doesn't seem to be a clear line as to what would happen in the event of a nuclear accident. There appears to be a debate as who will be liable? What do you think?
I don't really understand how this will lead to alternative resources, but I definitely agree that the energy industry will be seeing changes in the next 30 years.
Amy Yu