This website uses cookies to ensure you have the best experience. Learn more

Economic Benefits Of Nuclear Power Essay

1847 words - 7 pages

ECONOMIC BENEFITS OF NUCLEAR POWEREconomic Benefits of Nuclear PowerRobert GlodenFlorida TechApril 6, 2014There are many different forms of electric energy offered these days, ranging anywhere from coal and natural gas all the way to nuclear power. While these different energy sources can each offer many different economic benefits of their own, I believe that nuclear power plants can provide the most significant benefits. Nuclear power plants create hundreds of jobs in many different ways and can be much more cost effective than all of the other energy sources. I consider nuclear power as one of the best economic options for a country to use in order to enrich its economy.Any type of power plant in the world, whether it be coal, oil, or nuclear (my personal favorite), will provide some amount of jobs. According to a recent study, the nuclear industry creates double, sometimes even triple, the amount of jobs that any other power company provides, as well as an increased income (Nuclear Energy Institute [NEI], 2013). This study only reflects the jobs created when the plant is operational, but there is a large impact on the economy during the entire life cycle of a nuclear power plant. One of the largest job influxes comes with the construction of a nuclear power plant. This job creation ranges from the construction workers that work directly at the plant all the way to the companies that make the materials needed for the construction. According to a recent article, "A single new nuclear power plant requires approximately 400,000 cubic yards of concrete, 66,000 tons of steel, 44 miles of piping, 300 miles of electric wiring, and 130,000 electrical components" (NEI, 2013, p. 4, para. 3). As you can imagine, this is a huge boom in business for the companies that can provide these materials. Over the next 20 years, there is hope for 30 new nuclear reactors in the United States alone, as well as over 100 worldwide. This will create close to 40,000 manufacturing jobs by 2024 in the United States alone, creating billions of dollars in income (Clean and Safe Energy Coalition [CASE], 2009).In addition to the need for the manufacturing of supplies that comes along with any new construction project, there is also a need for the work of the construction workers who will physically build the plant. Nuclear reactors create 3,500 construction jobs during construction of a single plant (NEI, 2013). Due to all of the new nuclear power plant construction expected in the coming years, it is estimated that tens of thousands of jobs will be created for the communities surrounding the new plants (CASE, 2009). Along with the jobs that are created during the construction of the new plants, we must analyze the jobs that are established after construction is complete. Due to the large size and labor-intensive nature that requires a high number of workers to operate these plants, nuclear plants create the largest workforce annual income and some of the largest economic...

Find Another Essay On Economic Benefits of Nuclear Power

The Future of Nuclear Power Essay

2465 words - 10 pages Nuclear plants have been generating electricity since 1954. (O'Keefe, O'Brien, Pearsall, 2010) It was very perspective technology, which could change the world. So nuclear power was developed quite fast. Many new nuclear reactors were built in the U.S., Canada, Japan, several European countries, and the former USSR. (Vanek &Albright, 2008) As a result substantial amount of electricity has been generated by nuclear power since 1970. Then in

Japan and the Benefits of Nuclear Energy

3595 words - 14 pages should continue to use nuclear energy because its benefits towards the economy and environment outweigh the benefits other energy sources would provide. Japan has always been a country that has had a struggle finding sources to fill its energy needs. The islands of Japan never had the resources needed to create energy so they always had to spend a fortune on imports in order to get the resources they needed to provide power to the country. This is

Economic benefits of sweatshop labour

1041 words - 4 pages Sweatshops are typically associated with inhumane treatment of the working poor, and people without choice of work and labour conditions. The general consensus of the global community is that sweatshops are unprincipled and unacceptable. An economic analysis of the economics of sweatshops identifies their benefit to the economies of developing nations. Globalization has caused an increase in sweatshop labour, which benefits the economies of

Benefits and Dangers of nuclear energy

1335 words - 5 pages nuclear, is manifested by the system's ability to do work or to release heat or radiation. The total energy in a system is always conserved, but it can be transferred to another system or changed in form.Atomic energy is made in a nuclear power plant like the diagram and photos below:Atomic Energy is made using uranium, plutonium, and many other elements, which are not easy to work with and mine.Advantages (Benefits) of atomic energy:The

Nuclear Energy and Nuclear Power outside of WWII

1806 words - 8 pages Most people only know of the nuclear power that went to nuclear warfare and the bombs that were a part of World War II. However, nuclear has made a name for itself in the last seventy years or so. There are plants all over the country, most are east of the Mississippi, but there is quite a bit to the west as well. There is a total of one hundred in the country, the quad cities alone has two nuclear power plants. All over the world plants have

The Uncertain Future of Nuclear Power

4681 words - 19 pages relations game, and has the disadvantage of requiring a longer-term strategy to prove more economic than steam coal and natural gas. If existing trends continue, nuclear power will quietly fade into the sunset; another relic of the Cold War. A successful nuclear policy, however, could significantly reduce global warming and air pollution while feeding the increased power demand. Nuclear is the prudent and progressive decision…but its future is by

The Progress of Commercial Nuclear Power

1125 words - 5 pages multiple goals, such as, demonstration the first electricity-producing TWR, confirm the traveling wave design, demonstrate key plant equipment, serve as the last step in our fuels and materials qualification program, and provide the technical, licensing and economic basis for future generations fo TWRs. Thorium If tactics stay on track, the TWR appears as a safe, small-scale nuclear reactor that cuts the cost of power, burns existing nuclear waste as fuel and avoid carbon dioxide and other emissions. TerraPower estimates 700,000 metric tons of spent fuel in the United States alone, and 8 metric tons could power 2.5 million homes for a year.

The Changing Issue of Nuclear Power

1326 words - 5 pages Energy production has always been an important issue to the United States. American’s want their country to set a good example for other countries to follow; however, they must accomplish this goal while meeting their own needs. This means that the U.S. obligated to find a clean, environmentally friendly way to supply its citizens with electricity. One of the most debated production methods involves the use of nuclear power plants. Nuclear

The Dangers of Nuclear Power Plants

1153 words - 5 pages Debates about the use of nuclear power plants in New York City have received much attention in the last few years. Many scientists believe that the use of Nuclear Power would be beneficial for New York City, since an abundant amount of electricity is necessary to fuel the Big Apple; however, one primary argument espoused by opponents is that the use of nuclear power will bring about negative effects like radiation exposure, debt and may allow

The Negative Effects of Nuclear Power Plants

883 words - 4 pages Nuclear Power   Nuclear power is known to us as a source of energy and not much more than that. We do not consider the risks of this power source in which we use. Using nuclear power plants hurts our planet by producing harmful fumes and radioactive wastes. Nuclear power plants produce radioactive waste that has to be disposed properly but even with precautions the waste stays dangerously radioactive for several years with nothing we can do

Fukushima and The Future of Nuclear Power

1050 words - 4 pages On March 11, 2011, in Japan’s main island was sudden, violent shake of the earth with a magnitude of 9.0 on the Richter scale. The earthquake resulted in extremely bad damages and the tsunami, which came after the shake, caused the Fukushima Daiichi power plant’s explosion. This brought about a spread of radioactive substances into the surroundings. After this event, there has been growing concern as to whether nuclear energy is a dangerous

Similar Essays

Understanding The Benefits Of Nuclear Power         Nuclear Power, Or Atomic

2060 words - 8 pages Understanding the Benefits of Nuclear Power Nuclear power, or atomic power, is the most powerful form of energy known to man. The fissioning of one short ton of uranium fuel would produce as much energy as 3 million short tons of coal (Weinberg 448b). Nuclear power is also a cleaner way of producing electricity than fossil fuels, and produces much less pollution (Weinberg 448b). It is estimated that by the year 2000 one-third of all

The Benefits Of Nuclear Power Plants

796 words - 4 pages Nuclear energy comes a process called nuclear fission, which is when the atoms are split. Nuclear fission is done in a power plant by fission reactors that split the atoms; this process is used to produce the steam that is needed to make the turbines move in order to create electricity. A nuclear power plant is a steam driven plant where the source of the energy comes from a nuclear reactor. A nuclear reactor is where the process of fission

The Ethics Of Nuclear Power Essay

626 words - 3 pages the economic interests of big oil companies depend on their being ignorant. To assure that this remains so, these companies spend millions, if not billions of dollars on anti-nuclear propaganda, and have been doing so ever since scientists were first able to harness the incredible power of the atom in the mid-twentieth century. This is incredibly unethical, because not only are they lying to the American people; they are denying technology which

The Impact Of Nuclear Power Essay

1686 words - 7 pages Fukushima - the second being of little relevance to reactor design outside the old Soviet bloc” (World Nuclear Association, 2013). The discarding of industrial radioactive waste and radiation emitted as byproducts from nuclear power plants are other issues as to whether the production of nuclear power has more benefits than discredits. Radioactive waste varies in radioactivity and can occur in solid, liquid or gas form. General types