Yeah, so having such an accident to clean up every 30 years would make nuclear about 1% more expensive than now if you take it into account. So it is hardly a big factor in the cost of nuclear.
That math works out only if all the nuclear power plants in the world pay into a single risk pool. Which they don't.
Do you know how much companies actually pay for private insurance in the US? I haven't been able to find details. But I did learn that private insurance caps out at $450m and the industry as a whole agrees to cover costs above that (out of their own policies) up to $12b or so. Above that, it's up to Congress to come up with the money.[1]
Do you know how much companies actually pay for private insurance in the US? I haven't been able to find details. But I did learn that private insurance caps out at $450m and the industry as a whole agrees to cover costs above that (out of their own policies) up to $12b or so. Above that, it's up to Congress to come up with the money.[1]
1. https://en.wikipedia.org/wiki/Price%E2%80%93Anderson_Nuclear...