21 January 2010

Nukes: a bit slow and pricey, too....

A follow up to a discussion I was having with Merry Risa the other day. Regards nuclear power, John Quiggin speculates initial costs to generate nuclear power would be higher than coal, wind or gas, and when it "settles down" then it would be about the same as wind. "Settled down" meaning 5 nuclear power plants operating in Aus, at a guess, 2025. The IPCC says the world needs to reach peak emissions at 2015. That kind of economics challenges some of the popular chat going around that nukes are cheap and large scale solutions.

1 comment:

alison said...

Interetsing too that some of the reason it's not economic till 2025 or so is that there is not expertise here to build them - a lesson in investing in education and skills rather than just waiting for the market to sort it out.