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.
Tim Maughan, writer for BBC: You may not have heard of Baotou, but the mines and factories here help to keep our modern lives ticking. It is one of the world’s biggest suppliers of “rare earth” minerals. These elements can be found in everything from magnets in wind turbines and electric car motors, to the electronic guts of smartphones and flatscreen TVs. In 2009 China produced 95% of the world's supply of these elements, and it's estimated that the Bayan Obo mines just north of Baotou contain 70% of the world's reserves. Mining produces a lot of hazardous waste. The United States has chosen to shut down many of its mines and let the rest of the world do the dirty work so we can have all our modern technology including wind turbines and solar panels.
Ken Haapala, SEPP, The Science and Environmental Policy Project: Richard Lindzen, Sloan Emeritus Professor of Meteorology at, MIT: None of the political policies dealing with the announced man-made climate change alarms will have much impact on greenhouse gases. Thus we will continue to benefit from the one thing that can be clearly attributed to elevated carbon dioxide: namely, its effective role as a plant fertilizer, and reducer of the drought vulnerability of plants.
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.