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This essay will address the economic benefits of nuclear energy in terms of its production, employment and economic independence.

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Introduction

´╗┐This essay will address the economic benefits of nuclear energy in terms of its production, employment and economic independence. Economic benefits are one of the very many benefits of nuclear energy. Nuclear power is economically competitive with coal, and generally considered less expensive than oil or natural gas. In one joint study by several agencies and independent groups, most of the 19 counties found nuclear power to be at least 10% cheaper than coal-fired power. The other 7 countries found the prices to be nearly equivalent. My first point is that nuclear power is economically production. A nuclear power plant uses uranium as its fuel. ...read more.

Middle

After the initial six months of use, the nuclear plant will save money and make it much more economical than other types of energy plants for the duration of its life, usually about forty years. My second point is that nuclear energy is good for the economy and employment. The economic activity of a nuclear plant generates on average around $20 million in state and local tax revenues. Each nuclear plant employs an average of approximately 500 employees from the local community and generates an additional 500 jobs in the local area. ...read more.

Conclusion

According to the United States Bureau of Labor Statistics for 2006, the average annual salary for nuclear engineers was $82,900. And lastly nuclear energy means economic independence for countries using it. It reduces dependence on foreign oil/ fuel as uranium is available domestically and in the oceans. With the use of nuclear energy we are no longer reliant on corrupt governments to supply our energy needs. Nuclear energy also allows countries greater energy security as nuclear fuel doesn't take up much space so you can store it for months or years. Australia also has an abundant supply of Uranium which would be widely beneficial for independence, trade and economic growth. In conclusion nuclear energy would ensure numerous economic benefits. ________________ ...read more.

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