Today: 13.Aug.2020

John Holdren, Science Advior to President Barack Obama: For Holdren, the two toughest problems are 1) transportation with less oil. 2) economic aspirations with less CO2.

The role of nuclear energy: Holdren is a life-long Ivory Tower academic completely against breeder uranium technology. He doesn't consider thorium nuclear technology. These two technologies can power all the world's energy needs for as long as the sun heats the Earth and makes it habitable, Physics Professor Bernard Cohen. John Holdren sticks with today's nuclear technology that uses about 1% of the potential energy. He prohibits spent fuel reprocessing, thus keeping a requirement for very long term storage of LWR use fuel. See slides 45 to 58. He claims that his support for existing LWR nuclear technology IS support for nuclear. In reality he is blocking 99% of the potential energy in uranium and all of the nuclear energy in thorium. That is more like anti-nuclear than being pro-nuclear.

Rob Jeffrey, Independent Economic Risk Consultant: “Although nuclear energy has a high capital cost, it has a large load factor that is about 90%, compared with other energy sources that have a much lower load factor and life capacity.” South Africa’s National Development Plan (NDP) set the country’s gross domestic product (GDP) growth target at more than 5% a year for the country to meet its economic, social and political objectives. These objectives include the three fundamental targets of reducing inequality, poverty and unemployment.

Published in South Africa

Rob Jeffrey, Independent Economic Risk Consultant: Poverty is the single highest social cost to society. There are only three major policy objectives: a) poverty alleviation, b) reducing inequality and c) reducing unemployment. Emerging economies require electricity energy sources that offer security of supply at the lowest possible cost. Conclusion: Unless emerging countries that have fossil fuels use them it will heavily prejudice their future growth and result in increased unemployment and poverty. Renewables and carbon tax are contrary to objectives. They are both taxes on the poor.

Published in South Africa

Rob Jeffrey, Independent Economic Risk Consultant: The three major objectives of the country are poverty alleviation, reducing inequality and raising standards of living. These objectives can only be achieved by maintaining a high rate of economic growth, thereby reducing levels of unemployment and raising the standard of living. Electricity is a necessary but not a sufficient condition for economic growth. The necessary condition for sustainable economic growth is that there is a stable and secure supply of electricity at the lowest effective economic cost when delivered to the user. The sufficient condition requires that economic, social and political conditions must be put in place to foster and encourage domestic and foreign investment, thereby creating demand for productive and economically efficient industries.

Published in South Africa
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