I wrote this title when Fukushima was a mayor headline, and after that I left blog writing for some months. However, Fukushima still holds some interest in my blog apart from the overwhelming tragedy for zone inhabitants, workers and most Japanese in general.
I wrote in a previous post that nuclear was dangerous but at the same time give us important KW*h not easy to substitute in this moment. I still hold this opinion in spite of the disaster. We have checked that nuclear security fails in some cases (it was extraordinary I admit it) and when it fails the consequences are disastrous but closing all of them together is a price we can’t afford in this moment. I prefer to maintain their installed power while we close the oldest and less secure, and even accept to install a new one in some cases to maintain power.
Nevertheless all this should be conditioned to rigorous security checks. Just thinking that there is a very old nuclear power station at 60 Km from my home makes me feel quite edgy and knowing the desing is not different from Fukushima even more. But the main idea I wanted to work was about the cost of Fukushima. Without knowing the details I think it is clear it will be very expensive, however making some simple figures it becomes much worse.
Following Doc’s green blog the total cost may reach $50000 million, so $5*10^10. Considering total energy output per year for nuclear plants is around 2.5 10^12 KW*h (2009 data from WWI), it gives us a rough estimate of 2 cent per KW*h over the whole world production of nuclear energy this year. It is not despisable, and will likely be paid to a great extent by Japanese goverment and so Japanesee in general.
Do you consider it a subsidy for nuclear? I do.