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by epistasis
3244 days ago
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You are correct, they are being closed due to financial reasons, not due to public outcry. However, there is an argument that they should get the economic benefit of being carbon free, something that is granted to solar and wind. Right now we subsidize two technologies, rather than taxing the externality. It would be far more economically rational to tax carbon emissions, and for coal to also tax the other costs it imposes in non-carbon emissions. There's currently a legal battle going on to allow nuclear plants to have Zero Emmisions Credits (ZEC) in several states where nuclear plants can no longer compete in the marketplace: http://www.utilitydive.com/news/zecs-appeal-illinois-new-yor... |
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They already have the benefit of not having to pay for their long term waste disposal and being bailed out in the event of a critical failure, which is arguably among the biggest long-term costs for nuclear.
Not too long ago German energy companies paid a flat fee of 24 billion Euros to absolve them from any future responsibility to pay for end storage. The US nuclear industry does pay a tax for disposal but that doesn't cover anywhere near the actual costs of storage.
We are talking about materials that need to be stored thousands of years here, a couple of dozens billion Euros (or Dollars) are peanuts in that regard. The timescales are just insane with this stuff and make it very likely that we still gonna have to pay for keeping disposal intact many thousand years after we phased out of nuclear into something we can't even fathom right now.
Isn't that a nice vision of the future? We might manage to get our cheap, clean and renewable energy, but we will still be stuck taking care of very dangerous and expensive waste for thousands of years.