Nuclear power is an industry with a product so expensive it cannot compete in any version of free market capitalism. Big nuke is totally dependent on massive, monstrous public and government subsidies at every stage of its life. Oil is a close second. A comprehensive inventory of oil subsidies by former California EPA Chief Terry Tamminen, in his acclaimed book Lives Per Gallon, calculates U.S. subsidies to the oil industry at upward of one trillion dollars annually!
Solar power is now at or near grid parity in many U.S. states. That means that solar generators can deliver electricity to consumers at or below the cost of coal or oil, without even considering the catastrophic health and environmental costs that these dirty sources create. Energy industry giants like NRG, which owns coal and nuke fleets, are moving aggressively into solar. “Solar is the future,” says NRG CEO David Crane. “Over the long term, solar won’t need the government to drive adaptation — the pace of innovation is so rapid and the costs are dropping so quickly that the marketplace will ultimately force the transition. Government incentives are important in that they will drive a quicker adaptation and keep American companies in the game.”
And most incredibly:
The Waxman-Markey bill, which passed the House and then died under pressure from the carbon cronies in the Senate, would have increased solar deployment in America by a mere 37% by 2020. The Chinese have already committed to increase their solar development by 20,000% during that period and wind development by 1200%. While the right wing whines about a $1.6 billion loan guarantee to a solar project, the Chinese are funneling $758 billion to their solar and wind industry over 5 years.
For all its faults, China seems to be doing one really super big thing right.