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New research shows renewables are more profitable than nuclear power

63 comments
  • @pizzaiolo Even with the extreme subsidies given to nuclear, it still doesn't make money. Insurance payout cap, govt responsibility for cleanup, the fact most of the tech was paid for by public money, massive state and federal subsidies for plant operation... it still can't turn a profit. lmao. That's the real reason PGE was going to shut down Diablo. It's too expensive to operate, and it has unfunded maintenance liabilities that total near the original plant construction cost.

  • Remember that, capitalization is important for people looking for those nice profits. And earnings come from differential capitalization. The issue was never that they are or not profitable, but if the 'big capitalists' are even willing to participate in making 'abundance' even a possibility.

    I'm pretty sure that if we put our time and effort in organize ourselves we can handle most of the problem with power, but trying to get them to work in the "green capitalist" way is just not understanding how capitalism works. Its about control of production, not some ambiguous idea of a free-market with god-like awareness.

    Hope these technologies develop faster, yet, I know if they are even implemented around the world with the idea to improve peoples lives: will not be under the state of capital.

  • ...so?

    • For the article, which you apparently didn't read:

      “Given enough time, it may be possible to build a nuclear power plant to the highest safety standards and remain economically relevant, even taking into account the costs of storing nuclear waste for thousands of years,” the scientists concluded. “However, building nuclear power plants requires many years of planning and construction and is expensive, while the climate crisis demands urgency and requires such large investments that profitability is paramount.”

      • “However, building nuclear power plants requires many years of planning and construction and is expensive, while the climate crisis demands urgency and requires such large investments that profitability is paramount.”

        ..they say as they ignore the glaring fact that prioritising profit over everything else is literally what got us in to this urgency-demanding mess in the first place, and that depending on the "good will" of people who will refuse to act until and unless something is proven to make them money is only ever going to continue serving them, not the rest of the planet.

        I think the person you replied to is valid in wondering why anyone thinks this is a positive development when all it is is more fucking around within the rules of capitalism and somehow expecting capitalism to change..

      • Pretty sure what he meant is that who cares about profit? Not a discussion we should be having when in a climate crisis brought about by chasing profits.

        I say let's decarbonise ASAP, while looking into a long term zero GHG emissions power grid. There is no one-size fits all when it comes to energy generation and distribution.

63 comments