Highly subsidized Nuclear Power

Total subsidies to nuclear approaching $100 billion in US

1999 US Congressional research service report lists the subsidies for all major sources of energy from 1948 through 1998. This October 2007 Government Accountability Office report examined federal electricity-related subsidies from 2002 to 2007.

From 1948 to today, US nuclear energy R&D exceeded $70 billion, whereas R& D for renewables was about $10 billion.

from 2002 to 2007, fossil fuels received almost $14 billion in electricity-related tax subsides, whereas renewables received under $3 billion

The Price-Anderson Nuclear Industries Indemnity Act, which caps the liability for claims arising from nuclear incidents, reduces the insurance that nukes need to buy and puts taxpayers on the hook to cover all claims in excess of the cap. The benefit of this indirect subsidy has been estimated at between $237 million and $3.5 billion a year

At the time of the Act’s passing, it was considered necessary as an incentive for the private production of nuclear power — this was because investors were unwilling to accept the then-unquantified risks of nuclear energy without some limitation on their liability.

that was fine for a new, almost completely unknown technology in 1957. But now through 2025? If investors aren’t willing to accept the risks of nuclear energy now, without taxpayers liable for any major catastrophe, maybe that tells you something about the technology.

US have the staggering $13 billion in subsides and tax breaks in the Nuclear Giveaway Bill Energy Policy Act of 2005

That $74Billion for 1948-1998 figure only includes R&D expenditures There’s far more subsidies to the Nuclear power industry just R&D. For instance the financing of building Nuclear power reactors is all thanks to gigantic federal financing.

http://nirs.org/neconomics/utstatelegislativepresentation091907.pdf

http://www.thenation.com/doc/20080512/parenti

http://www.citizen.org/cmep/energy_enviro_nuclear/electricity/energybill/2005/articles.cfm?ID=13779

- from gristmill

the story of other countries are also same.

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