Quote:
Originally Posted by ChrisV
For anyone interested, the main downside of nuclear is the cost involved - when you add up building and decommissioning the reactors, mining of fuel, disposal of waste etc etc, it can get pretty expensive.
I recommend reading about LFTR thorium reactors - they are safe, burn an abundant fuel, produce a small amount of waste, are proliferation-safe and can even burn existing waste. There are big technical challenges to getting them ready for prime time, but it could be done if there was a Manhattan Project style political will for it, which obviously there isn't.
Fukuishima introduced a spirited debate on 2p2 that was actually pretty good. And to be clear I think nuclear has merit.
Now, the situation internationally is varied, IIRC, but in the US, the
Price Anderson Act is effectively a handout to the nuclear industry to sell at below market rates. The legislation caps the liability of nuclear companies in the event of a meltdown. This of course has the secondary effect of making nuclear power more appealing to investors who know courts are effectively hamstrung to compensate victims in the event a meltdown. In fact prior to 1957 there was effectively no private investment in the nuclear industry due to the understanding that meltdowns in populated areas would effectively crush any stakeholders.
Of course the LLC is at the heart of modern capitalism, granted, and I agree other sectors in the energy industry get tons of handouts. But it's only through the government effectively limiting torts that we can talk about like, secondary and tertiary costs associated with nuclear. What limited investment we see in nuclear in the US is only even possible because of favorable protectionism.
It also speaks to the fact that meltdown concerns aren't like, hysterical in a sense: #ACismRonPaulForPresident but the government is not effectively letting anyone price the actual risk of nuclear. It's artificially made cheaper because the companies aren't exposed to having to deliver fair market compensation in the event their cores go kablooey.