I'm 100% convinced there is an oil/coal lobby conspiracy here. Nuclear used to cost $3000/kw in the fucking 80s, still does in China.
America needs 700GW of Nuclear power for 100% nuclear energy AND to charge EVs. That's just $2.1 trillion to COMPLETELY decarbonize both energy and transport. That's 3 years of military budget, we could have done this 40 years ago :agony-consuming:
For the UK, even assuming a conservative $5k/kW cost of construction, it would cost $250 billion to fully nuclearize the electricity grid. That's 1% of the GDP over 10 years. This 1-2% over 10-15 years figure applies more or less to all developed countries.
There is ample evidence of coal/oil interests frustrating nuclear power construction through sockpuppet environmental NGOs, lobbying to hamper nuclear development, anti-nuclear propaganda etc.
Here are 5 reasons why capital doesn't want nuclear:
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Nuclear is structurally unprofitable. It requires massive initial capital investment, and there are very little running costs to profit from. Nuclear power has never been profitable anywhere, BUT IT DOESNT MATTER. It is still massively beneficial to humanity. It is living proof that profitability is not the only metric for a better society, and in fact can actively hamper building a better society.
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Nuclear lasts 60-80 years, modern designs could even last 100 years. Coal, Oil and even wind turbines, solar, need continual gradual replacement. See why fossil interests support wind and solar, and oppose nuclear? It's better for them to have a constant stream of revenue. :capitalist-laugh:
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Virtually all reactors are owned by the state, for reasons of profitability. Nuclear is a socialist source of power, private corporations HATE that! There is a reason why China is going all in on nuclear. The Soviet Union also was planning on making nuclear it's primary source.
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Resource extraction industries also extract rent, i.e super profits (according to Ricardian theory of differential rent). Uranium is a tiny fraction of nuclear costs, can't have that, gotta get that oil/coal/gas rent.
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Solar/Wind requires trillions in energy storage, that's another massive cost to humanity, but for capital - a massive source of profit :capitalist:
Edit : China built a 6000MW nuclear power plant for $10 billion. At that cost, it would cost USA just $1.2 trillion to go full nuclear https://en.wikipedia.org/wiki/Yangjiang_Nuclear_Power_Station
whole point is to use fission until we hit the holy grail, nuclear fusion.
True, but I don't think it would be wise to take the risks of fission waste lightly with a literal Holy Grail like that.
literally possible to get rid of the waste within 5 years through recycling its just no one wants to do the upfront costs because the capitalist mindset is a fuck
china already does this
can you spell this out some more? How does the recycling process work, and what stands in the way of doing it the US? All I ever hear about is the proverbial Yucca Mountain or whatever
id have to wait until my nuclear physicist buds are online to give you a full explanation. china is currently in the process of recycling shit and have hired a lot of the world's nuclear physicists who are experts on the subject, that i know. essentially you make a couple of reactors to burn off the excess 'waste' (re: it isnt actually waste it can be used for fuel to generate a lot of electricity) and then there is something left over that dissolves within 5 years, rather than hundreds of years. it requires a hefty upfront cost and its totally worth it, its just capitalists are stupid pieces of shit and use the 'waste' argument to bolster shittier energy forms because theyre more profitable. you can also build these near already built reactors to avoid transportation issues.
This might be too big picture to figure out right here, but why is China doing renewable megaprojects at the same time then? I suppose there are valid reasons, but I feel like dealing with the waste is the critical drawback of nuclear, and it sounds like things have been figured out on that end.
china is undergoing a massive growth spurt rn and has a lot of power outages in many regions, theyre focusing on getting energy first and foremost. look at their nuclear roadmaps, iirc theyre building 100 new nuclear plants by 2030. dont quote me on it, i just remember it was an absurd number that no western country would undertake at the same time.
If they're good at anything, I'd expect it to be something like building 100 nuclear plants in 10 years