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Its impressive the amount of clean, cheap energy that's been locked away because of fearmongering tales from well before many were even alive.

throw310822
Cheap until it isn't. I wonder what has been the actual cost per kWh of nuclear power in Japan once factored in the price of Fukushima's disaster (between 200 and 600 billion dollars).
keepamovin
The cost you cite sounds more like the cost of the earthquake and tsunami, rather than the Daiichi reactor meltdown cost.

Even if it were, in the time limit safety increases, such costs decrease, more so with more development.

More broadly, nuclear looks expensive not because it's unproductive — but because standard asset pricing discounts its most valuable feature: time. Dense, stable power for centuries gives a low net present value due to long-duration-use and high up front cost, but this more a flaw in how future value is discounted in common economic models that punish rather than reward long life.

throw310822
No no, that's the cost of the nuclear plant disaster cleanup. Current estimate about $200 billion, some estimate it much higher. Consider that there are still 300 square kms of territory designated as "difficult to return". That's the size of a big city- Paris or Milan. The cost of a disaster depends on the area that is rendered uninhabitable- imagine Paris, London or New York being declared off-limits for a century, the cost would be astronomical.

I'm not against nuclear energy in principle, it just seems to be a technology that instead of becoming cheaper becomes more expensive, has enormous costs beyond energy production (decommissioning, waste management) and is subject to extremely rare failures that threaten to evaporate any gain in the previous decades or centuries. I don't even think it's that dangerous for people- victims of Chernobyl and Fukushima have been a tiny number. It just seems economically not worth it.

sokoloff
That’s “just” a matter of the choice of discount rate, which needs to account for both inflation and uncertainty effects. (I’m pro-nuclear energy, but think the costs are indeed high and uncertainty is medium or high.)

If you’re arguing the chosen discount rate is too high in some models, we can have a productive discussion about that.

If you’re arguing the methodology is wrong, you’ll need to explain more before I understand your point of view, or perhaps you’ll be interested in lending me $1M today and I’ll pay you $100/day for the next 55 years, by which time you’ll have more than doubled your money.

jvanderbot
Agree - there are places that maybe should consider other methods of power generation.

Upper Midwest USA / Middle Canada? probably pretty darn safe.

linotype
Maybe don’t build a nuclear reactor near the ocean in a place famous for tsunamis?
cdaringe
It is natural and reasonable to be of two minds on the matter. Surely that’s not controversial.
jvanderbot
All power generation has tradeoffs. I like nuclear because it can be small, tucked away, generate _lots_ of power, and has few day to day environmental risks. Spent fuel is an issue, but there's very likely a virtuous cycle that will evolve if we start ramping up nukes again. Dry cask storage is no big deal IMHO, and something will likely evolve that either can use spent fuel or can deal with it better.

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