Earlier quoted context omitted.
Nuclear is fantastic economics, its just regulated to death. The real effect of suppressing nuclear has been a slower transition to a sustainable carbon economy, and increased power prices limiting innovation and productivity. Solar and wind have benefitted, but its still a minor player, and without a revolutionary new battery tech, and gargantuan infrastructure investment, it simply cant replace a majority of curren…
We must be looking at very different numbers - or what do you mean with regulation, requiring some safety standards? Nowhere nuclear got economic, required massive subsidies - and in the end has been driven by the need for the precious byproducts?
Byproducts, aside from nuclear weapons, which most countries do not have, are a negligible part. Sweden for instance built ample nuclear early, but never built the kind of reactor which is used in nuclear weapon production. Sweden also didnt subsidize it, but rather has been taxing it at an additional 300-500% in addition to long term disposal fees(so little of which actually went to long term disposal they introduced a second free named exactly the same 40 years latter). Despite also discarding the cooling water heat into the ocean completely needlessly, all it took for these plants to be profitable was not forcing them to shut down when public opinion turned. It took a while sure, but plants have been profitable for 30 years now, and could have continued to be so if they hadn't by law been prohibited from upgrading and researching.
Nuclear regulation in most places goes as follows: is nuclear profitable? if yes, increase safety until it stops being so. If technology improves so that the same safety can be achieved using less cost, further improve safety. If this happens while building a new plant, force them to start over. For what that looks like, look to the 3 complete restarts due to previously approved safety measures suddenly being retracted and increased during the construction of the Finnish plant.
Its this idiotic idea that they must guarantee zero percent risk which is the main culprit. Flying kills more people, and more people need power than flight, yet we require far more of nuclear. Many countries built dozens of perfectly safe plants during the 60ties for pennies on the dollar. If we could build those again, you know the ones where less than 0.25% had an serious accident over a 60 year history, and removed the massive taxes, we could have power prices at a fifth of what they are today.