Mycle Schneider – Nuclear Power’s Economic Death Throes Are Detailed In Graphic Form Globally And Historically | A Green Road Journal

An industry and government consultant details how the nuclear industry is on the ropes in the video below. The nuclear monopoly is being pounded by higher costs due to an aging reactor fleet, which is racked with negative publicity due to numerous accidents, spills and disasters, not to mention no answer for the million years of garbage that must be guarded from terrorists.

Nuclear energy is now the highest cost energy of all choices out there. Renewable energy is now the lowest cost and cleanest energy available.

Because there is a quick profit and short construction period and a clean zero carbon, zero nuclear goal is becoming very popular, the renewable energy industry is booming. By comparison, the nuclear industry has a very long build time, with a huge risk for anyone who puts money into it, as the default rate is HUGE, and cost over runs average between 200 to 500 percent over original contracted costs. No business deserves to stay in business, if it fails this spectacularly.

Costs of renewable energy sources are dropping like a rock, while nuclear costs are rising through the roof. The combination of this factor plus the long lead times for construction of new nuclear plants, and the problem of no solution for radioactive garbage, plus constant and never ending radiation spills, nuclear plant disasters spells doom for the entire nuclear industry.

via Mycle Schneider – Nuclear Power’s Economic Death Throes Are Detailed In Graphic Form Globally And Historically | A Green Road Journal