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New Nukes, Old Problems
Posted by Jonathan H. Adler · 17 May 2005 · Energy
The NYT's John Tierney is happy some environmentalists are reconsidering the costs and benefits of nuclear power, but not so thrilled that Congress wants to lavish another layer of subsidies on the industry. Alas we've seen this all before. Environmentalists originally supported nuclear power because of its obvious benefits: no dirty air from smokestacks, no need to strip the ground for coal or dig for oil. Economic benefits, however, were not so obvious to investors, who were leery of the plants' costs and new problems, like accidents and waste disposal.I don't know whether nuclear is the answer or not. It, but I agree with Tierney's primary points. First, nuclear power should be on the table as a potential energy source. Second, government does a poor job of picking winners and losers in the marketplace and energy subisidies are a waste of money, whether they go to nuclear or anything else.
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