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It’s not surprising that Germany is pulling back from nuclear power. While the impact of Japan's nuclear tragedy will cause the rest of the world to carefully inspect the safety of their existing nuclear power plants, it is foreseeable that some governments will reject nuclear as a power source completely.
Overall, we are in a “wait and see” mode when it comes to considering nuclear a potentially safe and viable power source. Not only are there very real obstacles of aging nuclear infrastructure, particularly in the U.S., and other nuclear safety issues such as those which led to Japan’s crisis, you also have to deal with public sentiment. Will the public be ready to accept nuclear in their “backyards,” even when the experts have declared nuclear safe?
In contrast, Barron Partners enthusiastically chooses to invest in wind, solar and other cleantech industries that have no potential negative impact on our environment. These cleantech industries will benefit from a renewed and expanded government interest in the wake of Japan’s tragedy and the resulting aversion to nuclear, in line with Germany’s recent announcement. We know these clean energy sources are scaleable and sustainable and can hopefully (in the long run) counteract the great harm caused by the daily burning of fossil fuels.
In response to: http://www.marketwatch.com/story/memc-first-solar-up-on-clean-energy-hopes-2011-05-31?link=MW_latest_news
