Constellation's Shattuck backs Copenhagen accord
Nuclear energy (from already-built and -depreciated reactors) is already cheaper than energy from fossil fuels. A tax on carbon -- directly or indirectly through a cap and trade scheme -- and nuclear energy gets even more competitive. That's behind today's statement by Constellation Energy CEO Mayo Shattuck favoring an agreement in Copenhagen to cut carbon dioxide emissions. From his statement:
There appears to be a global consensus that the world needs to cut its emissions in half by 2050, compared to today’s levels,” said Shattuck. “At Constellation Energy, we are particularly focused on the technological and industrial transformation that will be necessary to meet that objective. Nuclear energy currently provides about 14 percent of the globe’s commercial electricity and that number needs to increase substantially if we are to meet the 2050 long-term goal.