Sunday, April 03, 2011

TommyWonk at the Guardian on Nuclear Power

Over at the Guardian, I have a piece questioning the economics of nuclear energy. Some climate advocates are calling for more nuclear power to reduce greenhouse gas emissions. But if renewable energy has to pass the cost test, what about nuclear?
If the costs and benefits of nuclear power are so attractive, where are the investors? At least with wind and solar power, it is possible to see the cost curve dropping to the break-even point in the near future. Nuclear power, by contrast, may never be able to convince investors to put their money down without government guarantees.
There's an old adage, "If you don't know the numbers, you don't know the business." After more than fifty years, it's hard to nail down the true cost of commercial nuclear power.


Anonymous Ramdev said...

As an economist, did you see the current scenario happening? How interesting that you advocate windmills and solar energy. Surely green jobs can save the world.

11:44 PM, April 03, 2011  

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