In this presentation, Amory Lovins provides evidence that low- and no-carbon decentralized sources of energy have eclipsed nuclear power as a climate friendly energy option. He argues that new nuclear power plants are unfinanceable in the private capital market and that resource efficiency provides a cheaper, more environmental option. Lovins concludes that efforts to deny this reality of nuclear power’s failure will only waste money, and will reduce and retard CO2 reductions and says that since nuclear power is unnecessary and uneconomic, we needn’t debate whether it’s otherwise acceptable. This presentation was given to the California Energy Commission.