The Economics Failure of Nuclear Power and the Development of a Low Carbon Electricity Future: Why Small Modular Reactors are Part of the Problem, Not the Solution

This paper examines the fundamental choice policymakers are being asked to make. It reviews the prospects for nuclear technology in light of the past and present performance of nuclear power (Section I), assesses the economic and safety challenges that SMR technology faces (Section II) when confronting the alternatives that are available today (Section III), and the trends that are transforming the electricity sector (Section IV).