Nuclear industry privatises any profit, socialises the risks
Derek Abbott, Nuclear Fuel Cycle Watch 1 Oct 16 Here’s a very simple reason why a nuclear power plant is economically risky: (i) takes 10-20 years to build, (ii) runs for 40 years, (iii) takes 50 yrs to decommission, (iv) you can easily be still managing some spent fuel from that reactor, above ground, for another 20-30 years after that.
So consider this: the full end-to-end management of the project spans about three human generations and about 15-20 changes of government. No private investors are going to want that kind of time period for their investment, unless they can socialise the risk and get governments to pick up the tab on taxpayer’s money.
Also given now that nuclear is politically a hot potato, no investor is going to want to survive through 15-20 government changes….way too much uncertainty. And if they do go for it, it is at our expense.https://www.facebook.com/groups/1021186047913052/
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