Rainer Baake, the managing director of the Climate Neutrality Foundation in Germany, puts it bluntly. “Why would anyone invest in nuclear?” he wonders. There are clear climate and energy security benefits to nuclear power, of course. But Baake says that it’s telling that countries without liberalized markets are the ones mainly investing in new nuclear plants (China domestically and Russia internationally, including in Slovakia and Belarus). For the huge startup costs and risks make nuclear power financially illogical, according to … read more »
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