|
6 October 2006 -- Datamonitor has released a new report, "Global Utilities: The Failure of Climate Change Initiatives Will Drive New Nuclear Power Build."
The report finds that the timeline for the next major global debate on climate change is uncertain. While piecemeal US climate change initiatives gather momentum, America's participation in a multilateral agreement will require Chinese involvement. Europe will continue to lead the abatement agenda, but it cannot block a renaissance of nuclear power.
With the 2012 deadline for Kyoto compliance rapidly approaching, the post-Protocol world is struggling to establish a multilateral agenda for tackling climate change.
American industry is preparing for inevitable federal action on climate change. Mounting pressure on the United States to accept its contribution to global warming is beginning to bear fruit with the Federal Energy Regulation Committee currently in consultation with leading US utilities over the future prospect of a 'cap and trade' emissions trading scheme.
Chinese acceptance of a binding emissions quota will be key to US participation in any multilateral global climate change agreement. The countries are the largest emitters of carbon on the planet. Although the Chinese economy is growing at a much faster rate than its US rival, it will only be a fifth of the size of American market by 2010.
A nuclear renaissance will be centered in Beijing and Moscow. China is forecast to account for a nine percent share of global atomic output by 2030, reflecting the drive of the People's Republic to temper growing dependence on imported oil and coal. Russia's President Putin also announced an extensive new nuclear build programs at the latest G8 summit.
For more information on the report, visit the Research and Markets Web site.
| 
Articles 
| View all PennWell sites | View all PennWell events
Add RSS Feed
