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by ViewTrick1002
282 days ago
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Which means you need a return on the investment for it to work. Creating self sustaining industries that don’t need subsidies. Tossing an absolutely mindbogglingly large subsidy to the 70 year old nuclear industry which never has delivered competitive products is not a good use of money. It is like saying we create value by going around breaking windows and paying people to fix it. France’s problem is that if they don’t fix the spending issue on their own the bond market will do it for them. Maintaining the debt will be a larger and larger portion of the budget until the only option is solving the issue. Cutting spending will lower GDP and push up debt as a percent of GDP. But it wasn’t real income when the debt you took on did not lead to productive outcomes. Just polishing a pig. |
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Generating electricity for your country/citizen does not need to turn a profit whatsoever. It generates value in itself, by allowing people to have a more confortable life and enabling industries that can make use of the power.
If you contest that renewable makes even less sense. They only generate less externalities locally that is beneficial to the world equally while exporting a large part of the value creation (and the externalities associated, the major reason china dominate).
On top of that, nuclear was actually profitable and has already paid for itself nicely. Germany knows that very well, which is exactly why they have worked very hard on political sabotage since the 90s. There is a bunch of EU rulings where EDF is forced to sell its electricty at a set price only to be resold later at a higher price by private actors for a "competitive" market. Germany required that because the way it was going, with the opening of homogenized market in the EU, there was no way neighboring country could be price competitive with the cheap french electricity.
China is currently building 10 reactors per year and not only they successfully reducing the construction cost, they are also successfully reducing the build time.
It would serve you well you let go of your ideology just a bit and make some serious research.