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Head Administrator

Registered: 12-2008
Posts: 546
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THE COST OF NUCLEAR



On Wednesday, Congress eliminated $150 billion dollars from the economic stimulus bill.
$1 billion for nuclear weapons and $50 billion for loan guarantees for new nuclear power plants.
According to the Nuclear Age Peace foundation, the U.S. spends roughly $25-35 billion annually on research, development, and maintenance of its nuclear arsenal.
Moreover, the "2008 nuclear security budget exceeds all anticipated spending on international diplomacy and foreign assistance ($39.5 billion) and natural resources and the environment ($33 billion), It is nearly double the budget for general science, space, and technology ($27.4 billion), and it is almost 14 times what the Energy Department allocated for all energy-related research and development according to analysts Steven I. Schwartz and Deepti Choubey.
According to Lester Brown, President of Earth Policy Institute, a $1 billion investment in wind energy technologies would produce 3,350 new jobs, with similar results for investments in solar-thermal power plants (2,270 jobs) and solar cell installations (1,480 jobs) on rooftops and other locations
While proponents of nuclear power claim it is the cheapest form of energy production, they conviently ignore the costs related to the construction of nuclear plants such as the transport and disposal of nuclear waste, the taxpayer funded constuction of a national waste repository, the decommissioning of old plants, and security in case of an accident as well as taxpayer guaranteed (funded) catastrophic insurance and cleanup of contaminated sites. All contribute to the price the price we pay for nuclear power.
2/16/2009, 7:54 am Link to this post   Blog
 


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