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If renewables growth continues and expands (as in the multi Trillion Green Deal lol), different nuclear thrusts will probably not require any government assista
by hairytrog 6y ago
If renewables growth continues and expands (as in the multi Trillion Green Deal lol), different nuclear thrusts will probably not require any government assistance or support. The money making potential will completely outweigh any other concerns like high capital costs and risk. It's getting there. A carbon tax would be the cherry on top.
- thinkcontext 6y ago> different nuclear thrusts will probably not require any government assistance or support The 2 recent projects in the US came about because of loan guarantees passed under Obama, a form of subsidy. Both have been miserable financial failures going 2-3x over budget on money and time. One was cancelled after spending $9b on a hole in the ground, the other should be coming online soon. Given how badly the projects went no utility in their right mind would order a reactor without even more subsidy to remove risk. There are also other forms of subsidy, notably the $450m per reactor cap on liability. That's a $3b/yr subsidy to the industry.