So economically viable if the government subsidizes the construction. I would be happy for my tax money to go to a project that gets 70% of electricity generation off of carbon.
Subsidy doesn't change what the technology costs, it just changes how that cost is paid.
Subsidy can make sense, but not because shuffling euros around under walnut shells makes the cost disappear. The argument for subsidies is generally that it helps technologies move down experience curves. This improvement is a positive externality that a pure market would not necessarily reward. Unfortunately, nuclear (and nuclear in France) has been showing NEGATIVE experience effects.
pfdietz|5 years ago
Subsidy can make sense, but not because shuffling euros around under walnut shells makes the cost disappear. The argument for subsidies is generally that it helps technologies move down experience curves. This improvement is a positive externality that a pure market would not necessarily reward. Unfortunately, nuclear (and nuclear in France) has been showing NEGATIVE experience effects.