Current Events — HabitableZone

Current Events » in reply to Dawn breaking in the environmental movement?

Nuclear power depends upon vast subsidies. It can NOT complete in a free market.

Subsidies:

1. Fuel is sold to users at a fraction of its production cost. Security is provided at below cost.

2. Insurance is virtually free because of the Price-Anderson Act in the USA and the governmental ownership of nuclear power plants elsewhere. What would happen if the nuclear power had to pay the free-market cost of insurance? Answer: Every plant would close up immediately.

3. The nuclear weapon proliferation issue is insoluble. Countries like Iran and Brazil flout the UN's regulation and develop weapons. Any country with a nuclear power plant can make nuclear bombs without much trouble.

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