3 ms·
And we're heavily subsidizing wind and solar - it's just as much of a black swan event. The market will always pick the most cost effective power generation: fo
by manfredo 7y ago
And we're heavily subsidizing wind and solar - it's just as much of a black swan event. The market will always pick the most cost effective power generation: fossil fuels. And for what it's worth, ~70 billion Euros of debt in order to bring a country like France up to ~70-80% nuclear electricity generation is dirt cheap compared to this $16 trillion dollar plan.
If the government is going to pick our power source, then there's little justification not to choose the source that is more cost effective and does not require complex energy storage.
The main reason I see why democrats stay away from nuclear power is twofold. One, nuclear plant operators are typically traditional power companies and thus Republican donors. Democrats don't want to give contracts to the people that fund their political opponents. Second, the cost efficiency of nuclear power in the long term mens that it won't result in as many jobs. The reality the emphasis on the phrase "Green New Deal" is on the latter two words. These plans are promising 10-20 million jobs. These are federal jobs programs with the word "green" prepended to them.