New research shows renewables are more profitable than nuclear power::In a recent study, researchers from the European Environmental Bureau (EEB), the Stockholm School of Economics (SSE), and the Potsdam Institute for Climate Impact Research (PIK) questioned the planned development of new nuclear capacities in the energy strategies of the United States and certain European countries.

  • @[email protected]English
    14•1 year ago

    Nuclear power is also very sensitive to the interest rate environment due to the very high upfront costs and financing. It’s probably an even bigger difference in favor of renewables now.

    • @[email protected]English
      1•1 year ago

      This is why we need SMRs and probably government funding as well. It’s hard to run a grid without base load power.

    • @[email protected]English
      0•1 year ago

      Also very prone to spikes in fuel cost or huge extras costs associated with a leak or disaster plus extra security costs in emergencies. Solar is decentralised, robust, and easy to repair or clean away even if bombed or hit by a natural disaster.

      It’s got huge draw backs for people who don’t plan for the future and huge drawbacks for those that do - it’s really not looking like a choice many people are going to be make, especially when so many big solar projects have already paid for themselves while nuclear projects started at the same time haven’t even broken ground yet.