Rob Jeffrey, Economic Risk Consultant: Poverty is the single highest social cost to society. There are only three major policy objectives: a) poverty alleviation, b) reducing inequality and c) reducing unemployment. Emerging economies require electricity energy sources that offer security of supply at the lowest possible cost. Conclusion: Unless emerging countries that have fossil fuels use them it will heavily prejudice their future growth and result in increased unemployment and poverty. Renewables and carbon tax are contrary to objectives. They are both taxes on the poor.
Rob Jeffrey, Economic Risk Consultant: “Although nuclear energy has a high capital cost, it has a large load factor that is about 90%, compared with other energy sources that have a much lower load factor and life capacity.” South Africa’s National Development Plan (NDP) set the country’s gross domestic product (GDP) growth target at more than 5% a year for the country to meet its economic, social and political objectives. These objectives include the three fundamental targets of reducing inequality, poverty and unemployment.