For all of the base-load talk, this is the real reason people are pushing nuclear.
The projects always go over budget. They always go way over time, too. Both of these things are good for the banks who loan out the billions to build new plants. And they know that if the company goes bankrupt the government will subsidize it.
Nuclear is just not economical enough to be part of a sustainable energy system.
Yeah well… Nuclear is too expensive and now I heard another rethoric on how renewables are not making enough profit to be worth it for the big companies. We’re going in circles before these people admit that coal and gas won’t be replaced by anything.
For all of the base-load talk, this is the real reason people are pushing nuclear.
The projects always go over budget. They always go way over time, too. Both of these things are good for the banks who loan out the billions to build new plants. And they know that if the company goes bankrupt the government will subsidize it.
Nuclear is just not economical enough to be part of a sustainable energy system.
It’s chicken and egg. We have no experience building nuclear on budget because nuclear is too expensive.
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Yeah well… Nuclear is too expensive and now I heard another rethoric on how renewables are not making enough profit to be worth it for the big companies. We’re going in circles before these people admit that coal and gas won’t be replaced by anything.
But miraculously that isn’t the case of renewable? Let me lough.
In the last ten years solar power has gone down in price by 80% and is now producing more power than nuclear.
Plus when you buy a solar panel it starts making money immediately, unlike a reactor that doesn’t make money for 10-20 years after it starts up.
Then why is Germany opening coal mines?
Because they won’t have new nuclear plants online for a decade at least and because Putin invaded Ukraine and cut off their natural gas supply
Too bad for the climate I guess