this post was submitted on 01 May 2024
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I don't think nuclear power was killed by NIMBYs, at least not entirely. In the 1970s and 80s the financial world started taking a much more short-term view. Nuclear power plants have such a huge up-front cost that you aren't going to see returns for decades. When the market wants numbers to go up every quarter they're not going to finance something that won't make a profit for 20 years.
That's why we have governments though, for the long time low return infrastructure, like power grids.
Somehow we are willing to spend billions yearly on new roads but can't be assed to build a new nuke plant once a decade to grow power production.
If only it were as exciting as the shitty startups that sell for millions a few years after being founded despite never making any profit...