I'm rather a noob in the topic, but I've been reading in recent months about energy market and it seems like a collective insanity in the light of the climate crisis. - In most(whole?) Europe, electricity used by trains is taxed higher than jet fuel used by planes (legacy measure from decades ago which was meant to boost air market; of course now it's hugely difficult to change it) - Germany went strongly into renewa…
>Am I missing something or this is total madness? You're not missing anything. This is madness. Renewables will never be competitive in a market that they dominate because they are intermittent and you can't just turn a city off because it's cloudy and calm. Nuclear power is the only solution but decades of delusion have made it impossible to build anywhere. In short industrial civilization will be non-viable in the…
A nuclear power plant requires billions in up front costs, which take a long period of time to recover, a time which can not be calculated reliably because nobody can predict the future and nobody knows how technology may evolve during that time and how will it affect power prices, how future wars will affect supply, how much demand developing nations will bring to the markets, etc. Even if nuclear power is cheap, the margins are not static and betting billions without knowing when you will get them back is not something everyone wants to do.
Nuclear is going to need a lot of government subsidies if it wants to have a renaissance.