Nuclear Industry's $23 Billion Bailout Request Shows Why New Installations Are Highly Questionable

Nuclear Industry's $23 Billion Bailout Request Shows Why New Installations Are Highly Questionable

The Three Mile Island Nuclear Plant is seen in the early morning hours March 28, 2011 in Middletown, Pennsylvania. (Photo: Jeff Fusco/Getty Images)

"For the sake of taxpayers, electricity consumers and the climate, Congress must stop this endless nuclear boondoggle."

A proposed bailout of the U.S. nuclear power industry that could cost taxpayers $23 billion over the next 10 years is a perfect example of why the climate crisis needs solutions that focus on renewable resources, green advocacy group Friends of the Earth said Thursday.

"The dying nuclear industry wants a massive bailout at the expense of taxpayers and the climate," the group's senior policy analyst Lukas Ross said in a statement. 

Friends of the Earth commissioned a study (pdf) on the Nuclear Powers America Act of 2019, a nuclear industry-backed bill making its way through Congress that would continue subsidies for the industry for decades. Vermont Law School fellow Mark Cooper, who authored the study, wrote that the consequences of continuing tax credits for the industry would have the effect of making other potential technologies unviable for reducing emissions.

"Subsidizing nuclear keeps reactors on-line and crowds out the alternatives," said Cooper. "It slows the transition to an electrical grid based on low-carbon distributed resources."

While renewables are a major part of the push from climate activists and advocates to solve the climate crisis, using nuclear power to reduce emissions has been floated as a potential piece of the Green New Deal. The technology was notably left out of the legislation by Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Sen. Ed Markey (D-Mass.), a decision that Popular Mechanics writer Avery Thompson hailed in February as a "great idea."

"Reactors are gigantic beasts, and sustaining a nuclear reaction while drawing power from it requires an absurd level of engineering," wrote Thompson. "Reactors are expensive, bulky, and complicated, to say nothing of the waste products they produce or the fear of a catastrophe like Chernobyl or Fukushima."

The proposed nuclear industry bailout, warns Cooper in the new report, is an attempt to reverse economic trends that have never been favorable to nuclear power standing by itself. The industry, Cooper said, hasn't earned the right to be considered as a realistic solution to the climate crisis or U.S. energy needs.

"Nuclear has failed for over 50 years to control its costs, even with help from massive subsidies, and alternatives are available to reduce greenhouse gas emissions at a much lower cost," wrote Cooper. 

Time is of the essence, said Friends of the Earth's Ross. 

"With just a decade left to prevent the worst of the climate crisis, we shouldn't dump more money into ancient nuclear reactors at the expense of cleaner and much cheaper renewables," he said.

About The Author

Eoin Higgins is senior editor and staff writer for Common Dreams. Follow him on Twitter: @EoinHiggins_

This article originally appeared on Common Dreams

Related Books

Drawdown: The Most Comprehensive Plan Ever Proposed to Reverse Global Warming

by Paul Hawken and Tom Steyer
9780143130444In the face of widespread fear and apathy, an international coalition of researchers, professionals, and scientists have come together to offer a set of realistic and bold solutions to climate change. One hundred techniques and practices are described here—some are well known; some you may have never heard of. They range from clean energy to educating girls in lower-income countries to land use practices that pull carbon out of the air. The solutions exist, are economically viable, and communities throughout the world are currently enacting them with skill and determination. Available On Amazon

Designing Climate Solutions: A Policy Guide for Low-Carbon Energy

by Hal Harvey, Robbie Orvis, Jeffrey Rissman
1610919564With the effects of climate change already upon us, the need to cut global greenhouse gas emissions is nothing less than urgent. It’s a daunting challenge, but the technologies and strategies to meet it exist today. A small set of energy policies, designed and implemented well, can put us on the path to a low carbon future. Energy systems are large and complex, so energy policy must be focused and cost-effective. One-size-fits-all approaches simply won’t get the job done. Policymakers need a clear, comprehensive resource that outlines the energy policies that will have the biggest impact on our climate future, and describes how to design these policies well. Available On Amazon

This Changes Everything: Capitalism vs. The Climate

by Naomi Klein
1451697392In This Changes Everything Naomi Klein argues that climate change isn’t just another issue to be neatly filed between taxes and health care. It’s an alarm that calls us to fix an economic system that is already failing us in many ways. Klein meticulously builds the case for how massively reducing our greenhouse emissions is our best chance to simultaneously reduce gaping inequalities, re-imagine our broken democracies, and rebuild our gutted local economies. She exposes the ideological desperation of the climate-change deniers, the messianic delusions of the would-be geoengineers, and the tragic defeatism of too many mainstream green initiatives. And she demonstrates precisely why the market has not—and cannot—fix the climate crisis but will instead make things worse, with ever more extreme and ecologically damaging extraction methods, accompanied by rampant disaster capitalism. Available On Amazon

From The Publisher:
Purchases on Amazon go to defray the cost of bringing you InnerSelf.comelf.com, MightyNatural.com, and ClimateImpactNews.com at no cost and without advertisers that track your browsing habits. Even if you click on a link but don't buy these selected products, anything else you buy in that same visit on Amazon pays us a small commission. There is no additional cost to you, so please contribute to the effort. You can also use this link to use to Amazon at any time so you can help support our efforts.

 

enafarzh-CNzh-TWdanltlfifrdeiwhihuiditjakomsnofaplptruesswsvthtrukurvi

follow InnerSelf on

facebook-icontwitter-iconrss-icon

 Get The Latest By Email

{emailcloak=off}

LATEST VIDEOS

Talking About Energy Change Could Break The Climate impasse
Talking About Energy Change Could Break The Climate Impasse
by InnerSelf Staff
Everyone has energy stories, whether they’re about a relative working on an oil rig, a parent teaching a child to turn…
Crops Could Face Double Trouble From Insects And A Warming Climate
Crops Could Face Double Trouble From Insects And A Warming Climate
by Gregg Howe and Nathan Havko
For millennia, insects and the plants they feed on have been engaged in a co-evolutionary battle: to eat or not be…
To Reach Zero Emissions Government Must Address Hurdles Putting People Off Electric Cars
To Reach Zero Emissions Government Must Address Hurdles Putting People Off Electric Cars
by Swapnesh Masrani
Ambitious targets have been set by the UK and Scottish governments to become net-zero carbon economies by 2050 and 2045…
Spring Is Arriving Earlier Across The US, And That's Not Always Good News
Spring Is Arriving Earlier Across The US, And That's Not Always Good News
by Theresa Crimmins
Across much of the United States, a warming climate has advanced the arrival of spring. This year is no exception.
The Last Ice Age Tells Us Why We Need To Care About A 2℃ Change In Temperature
The Last Ice Age Tells Us Why We Need To Care About A 2℃ Change In Temperature
by Alan N Williams, et al
The latest report from the Intergovernmental Panel on Climate Change (IPCC) states that without a substantial decrease…
A Georgia Town Gets Half Of Its Electricity From President Jimmy Carter's Solar Farm
A Georgia Town Gets Half Of Its Electricity From President Jimmy Carter's Solar Farm
by Johnna Crider
Plains, Georgia, is a small town that is just south of Columbus, Macon, and Atlanta and north of Albany. It is the…
Majority of US Adults Believe Climate Change Is Most Important Issue Today
by American Psychological Association
As the effects of climate change become more evident, more than half of U.S. adults (56%) say climate change is the…
How These Three Financial Firms Could Change The Direction Of The Climate Crisis
How These Three Financial Firms Could Change The Direction Of The Climate Crisis
by Mangulina Jan Fichtner, et al
A silent revolution is happening in investing. It is a paradigm shift that will have a profound impact on corporations,…

LATEST ARTICLES

Heatwaves Too Hot And Wet For Human Life Are Here
Heatwaves Too Hot And Wet For Human Life Are Here Now
by Tim Radford
Lethal heatwaves carrying air turned too hot and wet to survive are a threat which has arrived, thanks to climate…
How Dangerous Is Low-level Radiation To Children?
How Dangerous Is Low-level Radiation To Children?
by Paul Brown
A rethink on the risks of low-level radiation would imperil the nuclear industry’s future − perhaps why there’s never…
What We Do Now Could Change Earth's Trajectory
What We Do Now Could Change Earth's Trajectory
by Pep Canadell, et al
The numbers of people cycling and walking in public spaces during COVID-19 has skyrocketed.
Marine Heatwaves Spell Trouble For Tropical Reef Fish — Even Before Corals Die
Marine Heatwaves Spell Trouble For Tropical Reef Fish — Even Before Corals Die
by Jennifer M.T. Magel and Julia K. Baum
Despite the many challenges facing the world’s oceans today, coral reefs remain strongholds of marine biodiversity.
Warnings of Worse-Than-Usual Hurricane Season Point to Trouble Ahead
Warnings of Worse-Than-Usual Hurricane Season Point to Trouble Ahead
by Eoin Higgins
Hurricane season is about to start and its risks will only grow and potentially compound any impacts from the pandemic.
Australia, It's Time To Talk About Our Water Emergency
Australia, It's Time To Talk About Our Water Emergency
by Quentin Grafton et al
There’s another climate change influence we must also face up to: increasingly scarce water on our continent.
Fossil Fuels Are Heading Down, But Not Yet Out
Fossil Fuels Are Heading Down, But Not Yet Out
by Kieran Cooke
Renewable energy is making rapid inroads into the market, but fossil fuels still wield enormous global influence.
Human Action Will Decide How Much Sea Levels Rise
Human Action Will Decide How Much Sea Levels Rise
by Tim Radford
Sea levels will go on rising, because of human action. By how much, though, depends on what humans do next.