2 ms·
Nonsense; it's getting plenty of attention. And there's a lot of lobbying happening to ensure that. The nuclear industry actually has been running on subsidies
by jillesvangurp 3y ago
Nonsense; it's getting plenty of attention. And there's a lot of lobbying happening to ensure that.
The nuclear industry actually has been running on subsidies. Also in China and Russia. It would not survive long without them. And of course this whole industry was bootstrapped via massive defense spending. Trillions in today's money.
There's no such thing as an unsubsidized profitable nuclear plant. That's why investors are pulling the plug on this thing. Because even with the (massive) subsidies, it just does not add up to anything remotely financially feasible. Unsubsidized LCOE is off by about an order of magnitude where it should be now. Never mind in a few decades.
And of course the cost of securing them, dealing with the waste, or decommissioning them is typically also subsidized. To the point where that's commonly not even factored into the projected cost for nuclear because that is depressing enough without that. Somebody (i.e. tax payers) should take care of all that. Not their problem. Most current nuclear waste is stored in temporary locations while people figure out how to actually pay for all that. That was the plan seventy years ago and there still is no solution. Those sites need security. Which of course costs money. And eventually "somebody" might do something about it. At great cost.
All of it subsidized. By past, current, and future generations.