Economics must win over emotions
If we are to spurn the nuclear option, or indeed if we are to embrace it, we must do so only once we have taken all aspects into account. Rigour and honesty is required, too. We must accept the relevance of the subsidies that wind power receives, and the low carbon nature of nuclear energy.
June 21, 2006
by Robert Cole
in The Times
BRITISH Energy claims that new nuclear power stations could be economic without direct government subsidies. “I don’t believe that nuclear power requires any subsidy to make it viable in the marketplace,” it said yesterday.
Greenpeace, on the other hand, is convinced that nuclear is economically unfeasible without financial help from the State. “We know that the only way to make nuclear power stations attractive to investors is for the Government to pay for some of its higher costs.”
Who is right? The only honest answer is that nobody can really be sure whether nuclear is independently financially viable or not.... [continue via Web link]