There was a time when a nuclear-powered future seemed inevitable. Now, it is the decline of nuclear power that seems inevitable.
The phrase “Precautionary Principle” is not even included in the index of Energy, much less discussed. Rhodes’ approach suggests a “Throw-caution-to-the-wind Principle.”
How did the legal innovation of “advance cost recovery” allow utilities in South Carolina, Georgia, Florida and Mississippi to torch more than $40 billion on nuclear and coal plants that went way over budget or never produced a single kilowatt-hour of electricity?
What’s also clear is that while nuclear power is tending to get more expensive, wind and solar get cheaper and cheaper every year.
In the wake of Japan’s 2011 earthquake and nuclear disaster, some are questioning the government’s conviction that nuclear power offers an indispensable path to a lower carbon future.