4 ms·

Or the untold gazillions in indirect subsidies from not requiring nuclear power plants to be insured for damages arising from catastrophic incidents...

• whalebird 7y ago
  The issue is that you won't find an insurance company willing to insure a risk that they can't calculate. There's too little data to find a price here. In the end, the government always bears the cost, because any catastrophic event will likely bankrupt the operator involved. I think it's fair to count these catastrophic costs as subsidies, but they're not "untold gazillions". Estimates for the Fukushima disaster go up to about a trillion[1]. At the other side, the costs for Germany's "Energiewende" will run up over half a trillion[2], with relatively little to show for it[3]. [1] https://www.cleanenergywire.org/factsheets/how-much-does-germanys-energy-transition-cost https://www.cleanenergywire.org/factsheets/how-much-does-ger... [2] https://cleantechnica.com/2019/04/16/fukushimas-final-costs-will-approach-one-trillion-dollars-just-for-nuclear-disaster/ https://cleantechnica.com/2019/04/16/fukushimas-final-costs-... [3] https://www.cleanenergywire.org/news/energiewende-scores-mixed-results-mckinsey-index https://www.cleanenergywire.org/news/energiewende-scores-mix...