[...] one point about nuclear power is beyond dispute: it always receives substantial subsidy from government. This consists of both direct payments toward the costs of building plants, along with insurance against full liability for accidents.Markets provide useful information, when they are allowed to work free of government interference. I do wonder just how many nuclear plant would be built in a truly free market.
So a simple way to evaluate competing claims over safety is to eliminate both kinds of subsidy and find out whether the private sector really think nuclear power is profitable, if investors bear all construction and insurance costs.
Wednesday, 16 March 2011
Nuclear power problems in Japan
Offsetting Behaviour argues People are strange in their reaction to the problems in nuclear power plants in Japan. Jeffrey Miron make a nice point on this issue as well.