Time to End Nuclear Socialism, Says New Study

From Greentech Media:

It shouldn't be called the French Nuclear Miracle, says Mark Cooper. It's more like a recurring nightmare. Unlike computers, solar panels, wind turbines and most other high tech projects, nuclear power plants and projects don't go down in price over time. Instead, the costs escalate, and that's a recipe for a disaster, according to a report released today by Cooper, senior fellow for economic analysis at the Institute for Energy and the Environment at Vermont Law School. Rising costs means more expensive energy, he said. It also undermines the purpose of subsidies like government-backed loan guarantees, because the subsidies can't be phased out due to the continuing price increases. Worse, the vast scope of nuclear projects invariably absorbs the mental energy of utilities and crowd outs investment in other renewables and energy efficiency. "The French Nuclear Miracle is a misconception. There is no reason to think that things will change if the U.S. follows France," he said. "It would replicate what I call Nuclear Socialism. Nuclear power would remain a ward of the state."

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