Here’s the problem:
86 per cent of its energy comes from foreign countries.
And here’s a solution:
An international study presented Sunday argues strongly for the introduction of nuclear energy in Italy, saying the country can diminish its dependency on foreign nations and cut carbon emissions.
Italy closed its nuclear plants in the wake of Chernobyl and now derives about 81 percent of its electricity from gas and oil. As this chart shows, Italy has been displacing oil with natural gas throughout the aughts. It also shows that nuclear energy was not a big contributor even when the plants were open.
But the issue here is less what Italy is using currently than that so little of it is domestic, which makes the country vulnerable to price fluctuations that it cannot significantly control through policy. So Italy needs home-grown plants. Why nuclear?
By introducing nuclear energy, between 2020, when plants might begin working, and 2030, when they should account for 25 per cent of electricity supply, Italy might save up to €69 billion ($84 billion) in generation costs and cut up to 381 million tons in carbon emissions, according to the study.
In other words, nuclear can supply a tremendous amount of carbon emission free energy rather quickly and the Italians can do it all within their borders. The article does not talk about renewable energy, so we looked around to see what it might be doing in that sphere. The profile is not encouraging:
Cuts in green energy incentives in Spain and Italy, as well as uncertainty over the future of the U.S. climate change bill pushed stocks in EGP's listed rivals down to trade at less than 10 times projected core earnings (EBITDA) in 2011, he said.
EGP is Enel Green Power, which wants to sell stock, but is finding the market very bad. Enel is Italy’s largest electricity supplier and has pacted with France’s EDF to pursue nuclear energy. Renewable energy, at least in some markets, may suffer due to a terrible economy applying pressure on relatively young companies. Enel’s relative maturity may leave EGP standing if shaky (Enel itself is under some financial pressure, too).
In any event, the tide in Italy has turned quite definitively toward nuclear energy:
[The report’s] conclusions will likely please [Italian] Premier Silvio Berlusconi, who has made constructing nuclear reactors in Italy to produce energy one of his government's goals. The premier said in April that he expected the construction of the first nuclear reactor in Italy to get going within three years.
Normally, I might feel a little uncomfortable that Italy does not currently favor a more diverse energy strategy. But it is starting almost at ground zero on producing electricity domestically and nuclear energy is a way to do this quickly – that is, produce a great deal of electricity in a compact way. Renewable energy sources can certainly still follow.
Did you know that the world might end due to Old Faithful?
Yellowstone National Park has literally thousand of square miles of hot magma underneath, which will someday erupt. This isn't just a small volcano! Geologists say it's possible that a major eruption there would be thousands of times greater than that of Mt. St. Helens. It would put the US under several feet of volcanic ash, and likely put the planet into an ice age.
Awful! How to prevent such a calamity, which writer Martin Nix calls worse than the Taliban? How about tapping it for an energy bonanza?
Developing Yellowstone's geothermal potential would not only displace the need for coal and nuclear power plants, it would also cool the magma down, relieving the pressure than could lead to an eruption.
That would be a terrific boon for the thousands of people who live in Wyoming. And Idaho! Not only will there be plentiful energy but also collateral benefits.
It could also electrify our train system. A side-advantage of this is that the train system could be used for building an electrical distribution system, by stringing cable above the railroads or burying it next to them.
It’s all upside. All you’d have to do to make it work is to find the water to make a bunch of algae ponds in Yellowstone to cool your geothermal activities. Eco-system? Algae ponds are an eco-system! Besides, there really is no choice.
If you think this is expensive or harmful to the environment, then try cleaning up after an eruption.
Yeah. Try doing that, wise guy.
Old Faithful. It wants to kills us all.