NUCLEAR INVESTMENT IS RISING
Concerns over the safety of nuclear power plants have marred the investments in the sector, but with new technology, the landscape is set to change in the next few years. ** By Atique Naqvi aka Syed Atique Hussain, Boston, United States Total energy investment worldwide was around $1.7 trillion. The positive outlook for the global economy is fueling investments in several sectors of the economy including energy. The public and private sector investments, international trade and favorable employment figures are boosting the overall spending in the global markets. The investments in capital-intensive projects and usage-intensive sectors such as energy are on the upswing, and nuclear energy is not different. The International Monetary Fund in its World Economic Outlook Report released in October 2017 says the global growth forecast for 2017 and 2018 is 3.7 percent and
3.8 percent, respectively. “Notable pickups in investment, trade, and...