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We can have as many nuclear plants as we force the taxpayers to buy. No one else will.

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greenman3610 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-19-08 08:50 AM
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We can have as many nuclear plants as we force the taxpayers to buy. No one else will.
http://www.newsweek.com/id/137501

Capitalists have already scuttled Patrick Moore's claimed nuclear revival. New U.S. subsidies of about $13 billion per plant (roughly a plant's capital cost) haven't lured Wall Street to invest. Instead, the decentralized competitors to nuclear power that Moore derides are making more global electricity than nuclear plants are, and are growing 20 to 40 times faster.

In 2007, decentralized renewables worldwide attracted $71 billion in private capital. Nuclear got zero. Why? Economics. The nuclear construction costs that Moore omits are astronomical and soaring; low fuel costs will soon rise two-to fivefold. "Negawatts"—saved electricity—cost five to 10 times less and are getting cheaper. So are most renewables.

--
that Amory Lovins thinks nukes are uneconomical is not news.
That Forbes magazine says the same thing should give policymakers
pause.

http://members.forbes.com/forbes/2007/1126/034.html

Pro-nuclear groups herald the coming flood of applications as proof that nuclear energy makes economic sense. Nonsense. The only reason investors are interested: government handouts. Absent those subsidies, investor interest would be zero.
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