Monday, January 19, 2009

Energy Subsidies - A European View

Steve Kidd from the World Nuclear Association, writing in Nuclear Engineering International magazine, discusses energy subsidies in the U.S. and elsewhere. For the U.S. view he cites figures from the Management Information Services, Inc., study commissioned by the Nuclear Energy Institute and released last fall. More importantly for this audience, Mr. Kidd describes the European experience on energy subsidies and reminds readers that nuclear energy has always had to include the cost of waste disposal in its calculations. According to Mr. Kidd, the Euopeans' cost of coal-generated electricity would double and that of gas-generated electricity would increase by 30% if they were required to internalize the costs and impacts of their wastes.

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