cross-posted from: https://lemmy.world/post/10870837
"President Joe Biden’s administration on Wednesday finalized approval of $1.1 billion to help keep California’s last operating nuclear power plant running. "
Because renewable energy sources are too expensive?
4 Comments
Emil@feddit.nl · 2 pts · 2y
Nice framing, but that's a whopping 1.2 cents in financial aid per kWh.
Sounds like great deal actually.
lettruthout@lemmy.world · -5 pts · 2y
Of course it's a good deal - for the companies involved. They get to socialize the costs, while privatizing the profits.
The rest of us pay for this, and get a legacy of radioactive waste, and a delay in the inevitable transition to renewable power.
For anyone paying attention, this is just one more example of how the nuclear industry has failed economically.
nuclear@feddit.nl · 2 pts · 2y
If you want to talk about subsidies, let's talk about how fossil fuels and renewables get MORE subsidies than nuclear energy. https://www.eia.gov/analysis/requests/subsidy/pdf/subsidy.pdf
Emil@feddit.nl · 2 pts · 2y
Very similar for the EU (this subsidy is only used for decommissioning NPPs too).