Can fossil fuel energy placed by nuclear energy Essay

Can fossil fuel energy placed by nuclear energy - Essay Example With this argument in mind, does this mean that nuclear energy is better than fossil fuel? The answer is a big NO. Nuclear energy is not a long term solution, nor is it a permanent answer for long term, safe energy source and I will analyze this based on safety, financial, environmental, and social impact of running nuclear power plants. According to World Nuclear Association (www.world-nuclear.org), nuclear power financially speaking is cost competitive with other forms of energy. This means that compared with gas and coal, nuclear power is cost competitive, unless of course there is direct access to low cost fossil fuel. Technically, because nuclear power would only rely on very little amount of uranium to produce tons of energy, there is the assumption that it is indeed cost efficient, especially in terms of long term solution. But think again, WNA is amenable that putting up a nuclear power plant has a â€Å"relatively high capital costs and the need to internalize all waste dis posal and decommissioning costs.† Ergo, though there is financial savings in the energy production itself, the costs goes on operations and maintenance of the plant. But there is more than just the financial economics of running nuclear power plant. A big issue is the health and safety risk.