The only reason massive subsidies for renewables continue is to accelerate build-out to address the looming climate catastrophe. We need to ramp up to building out a TW of new renewable capacity every year.
The only reason massive subsidies for renewables continue is to accelerate build-out to address the looming climate catastrophe. We need to ramp up to building out a TW of new renewable capacity every year.
Financial effect of renewables in Europe: https://www.iea.org/reports/renewable-energy-market-update-j...
The civilian nuclear industry stemmed from massive military investments, which were a way to subsidize it. "In the United States, the federal government has paid US$145 billion for energy subsidies to support R&D for nuclear power ($85 billion) and fossil fuels ($60 billion) from 1950 to 2016" (https://en.wikipedia.org/wiki/Energy_subsidies_in_the_United...)
The very PWR reactor exists thanks to the US Army desire of nuclear subs, which paid all associated R&D (Westinghouse then adapted it to the civilian on-shore market). https://en.wikipedia.org/wiki/Pressurized_water_reactor#Hist...
Nowadays the sole direct federal energy support "peaked in FY 2021 at over $500 million" ( https://www.eia.gov/analysis/requests/subsidy/pdf/subsidy.pd... )
There is no secret here: https://www.ucsusa.org/resources/nuclear-power-still-not-via... https://www.ucsusa.org/sites/default/files/2019-09/nuclear_s... Nuclear enjoys massive tax reduction
Cost effectiveness will be established after the last hot waste of the last decommissioned plant will be cold. In the meantime any serious accident or waste particle wandering around may induce costs.
As already answered: https://www.ucsusa.org/resources/nuclear-power-still-not-via...
I don't think we should be subsidizing power (or most things) but it seems disingenuous for an article to claim that nuclear power isn't viable because it gets subsidies, even tho fossil fuel gets at least as much subsidies per mwh as nuclear.
Coal and oil still get huge subsidies, yet even with are not viable against solar and wind without.
They are a supplement to, not a straight replacement for, nuclear or gas or anything else.
Factor in the cost of filling in the gaps, and solar and wind don't come out ahead.