3 ms·
This is not a subsidy but a loan. If the state wants to stay out of it, but only has to say: "we are going to be using nuclear power for the next 40 years", an
by steeve 6y ago
This is not a subsidy but a loan.
If the state wants to stay out of it, but only has to say: "we are going to be using nuclear power for the next 40 years", and the interests will naturally go down because the investment is safer, and so everybody would pay less.
One would think that the state backing (either politically or financially) investment in infrastructure would make sense, since it benefits everyone.
- pfdietz 6y agoIt's a subsidy, because the interest on the loan is below what the market would charge. Requiring use of nuclear even if it becomes noncompetitive is also a subsidy. What's happening in both cases is that risk is being moved from the investor to the public. Privatize profits, socialize risk. It's the nuclear story as old as time.