26 Mar '12, 1pm

Nuclear Power Going Down — More Facts (& VIDEO)

In October 2011, former UK Energy Secretary Chris Huhne said that two-thirds of the budget for the government’s Department of Energy and Climate Change, or €2.4bn a year, is spent on nuclear power. But that is a drop in the ocean compared to decommissioning costs. According to Huhne, “the provisions for nuclear decommissioning costs in total were £2m in 1970, £472m in 1980, £9.5bn in 1990, £22.5bn in 2000, and now, £53.7bn. When nuclear power was held up to the cold, hard light of the market, it proved to be uneconomic.” Wind power has received a fraction of the financial support that nuclear energy has received – and yet wind can provide electricity at less than half the cost of new nuclear-power plants. According to the European Environment Agency, 80 percent of the total energy subsidies in the European Union is paid to fossil fuels and nuclear energy, while 19 percent ...

Full article: http://cleantechnica.com/2012/03/26/nuclear-power-going-d...

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