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A comment on A first for Canada: New type of nuclear plant opening by 2028. Parent comment

Re:A first for Canada: New type of nuclear plant opening by ... by Retric on Tuesday May 03, 2022 @08:15AM (#31247345)
The fact people in government and private industry knew the risk 18 years without addressing it it probably the most damming thing about nuclear power. The public simply can’t trust the industry or regulatory bodies. Which means they must assume avoidable disasters are going to be a regular thing.

I don’t have an issue with nuclear power but IMO the industry should be forced to pay for a ~1T insurance policy to avoid bad incentives rather than the government simply taking on the associated risks.

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Re:A first for Canada: New type of nuclear plant opening by ... by InitialLastName on Tuesday May 03, 2022 @10:08AM (#31248485)
> IMO the industry should be forced to pay for a ~1T insurance policy to avoid bad incentives rather than the government simply taking on the associated risks.

Good idea; let's start by applying that incentive to the externalities generated by the fossil fuel industry first though, so that the playing field is fair.

Ed: spelling

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Re:A first for Canada: New type of nuclear plant opening by ... by Retric on Tuesday May 03, 2022 @11:28AM (#31249502)
Sure, I agree with pricing externalities for both.

Unfortunately, fossil fuel externalities cross national boarders which creates perverse incentives. Do only price in the costs to your own country or accept an economic disadvantage? Essentially countries need to start doing pollution tariffs not just taxing externalities.

Economically the correct choices are obvious, but politics is rarely so simple.

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