Abstract

The Fukushim-Daiichi disaster marked a turning point in nuclear power. Following the tragedy, public approval for nuclear energy waned in spite of its strong safety record. This article takes a critical view of opposition to nuclear power and outdated regulatory regimes. Recommendations include revision of nuclear insurance pool systems. A globalized regulatory and financial protection environment is proposed whereby public and private entities cooperate to ensure safety and security. Reprocessing of spent nuclear fuel is recommended to mitigate waste storage problems. Government subsidies for renewable energy exploration and development are further recommended, as the world is urged to adopt a sustainable method of providing universal access to electricity.

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