We should be building far more nuclear. We wildly overengineered on safety regulations making them far more costly and risky to build than they actually need to be. Even our older Gen II nuclear reactors from the 1990's are orders of magnitude safer than current fossil fuel power stations, in terms of both released radiation and lost human lifespan years. Moreover, the higher electricity prices that resulted from usi…
When a major nuclear disaster happens, it can cause hundreds of billions of damage. To make it worse from a liability perspective, that damage can be attributed to a specific power plant. We know from natural disasters that insurance is usually insufficient to cover the true damage. Either governments have to step in, or the victims have to bear the costs. If the government has to pay for damages but someone else pay…
Fossil fuels also cause hundreds of billions of damage, simply when being used, no need for accidents. Your argument is useful, because it highlights that we are better equipped to deal with a predictable level of damage than rare events. But overall, having more nuclear plants and using less fossil fuels over a couple of decades would have left us better off by billions of dollars.