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And then even after building the plant your community may turn around and decide they don’t want the plant anymore. Then you’re out €1.4bn e.g. https://en.wiki
by ajdude 4y ago
And then even after building the plant your community may turn around and decide they don’t want the plant anymore. Then you’re out €1.4bn e.g. https://en.wikipedia.org/wiki/Zwentendorf_Nuclear_Power_Plant https://en.wikipedia.org/wiki/Zwentendorf_Nuclear_Power_Plan...
- kirso 4y agoIt could have provided for 10% of the demand, cost billions of $ and years to build. Unfortunately the campaign against it and referendum were led by a publication which had conflict of interest in hydropower and used the `scare` tactics for people to perceive the risk in a very extreme way... Morgan Housel talks about this case in his talk here: https://www.youtube.com/watch?v=L9pk3ecuucs https://www.youtube.com/watch?v=L9pk3ecuucs Risk perception ties to the country that you live in, generation you are born and values that are instilled in you based on your surroundings. All this features are outside of your control pretty much but they dictate a lot even in cases like this...