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...Street or consulting—where the dollars, frankly, are attractive—versus take the risk of starting their own venture," Business School Lecturer Michael J. Roberts ’79 said. "Today the fact that a lot of those jobs aren’t there, the opportunity cost of choosing this route is lower...it’s a lot more appealing for students to seize control of their own destiny...
...flagged down countless times by insistent, blue-shirted activists who solicit signatures for the proposed wind farm on Nantucket Sound. However, there is another technology being embraced by the proponents of green technology and by evolving government policy, that is making headlines. It generates no carbon dioxide, its marginal cost of production is extremely low, and it has proven reliable. It’s nuclear...
...building momentum toward a ‘nuclear renaissance’ in which nuclear plants are effective options for zero-carbon electricity production.” Together with the Energy Policy Act of 2005, this program put in place a set of initiatives that provide for some degree of cost sharing between the DOE and industry and expedite “approval for construction and new plant designs...
...proposed site prior to making their final go-ahead decision. The program sets up a mechanism for firms to simultaneously obtain construction and operating licenses, with the latter conditional on the plant being built to specification. Furthermore, specific provisions in the Energy Policy Act of 2005 offer tax breaks, cost-over run aid (up to $2 billion for the first six new nuclear power plants), and various types of loan guarantees...
Once up and running, nuclear power plants can be very economically efficient: According to the World Nuclear Organization, “The operational cost of nuclear power—1.87 cents/kWh in 2008—is 68 percent of electricity cost from coal and a quarter of that...