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Japan Fukushima Nuclear Plant 'Clean-Up Costs Double,' Approaching $200 Billion (bbc.com)
An anonymous reader quotes a report from BBC: Japan's government estimates the cost of cleaning up radioactive contamination and compensating victims of the 2011 Fukushima nuclear disaster has more than doubled, reports say. The latest estimate from the trade ministry put the expected cost at some 20 trillion yen ($180 billion). The original estimate was for $50 billion, which was increased to $100 billion three years later. The majority of the money will go towards compensation, with decontamination taking the next biggest slice. Storing the contaminated soil and decommissioning are the two next greatest costs. The compensation pot has been increased by about 50% and decontamination estimates have been almost doubled. The BBC's Japan correspondent, Rupert Wingfield-Hayes, says it is still unclear who is going to pay for the clean up. Japan's government has long promised that Tokyo Electric Power, the company that owns the plant, will eventually pay the money back. But on Monday it admitted that electricity consumers would be forced to pay a portion of the clean up costs through higher electricity bills. Critics say this is effectively a tax on the public to pay the debt of a private electricity utility.
Sorry mdsolar, we can't take that risk. And fusion is only 50 years away 50 years ago.
Yes, Nuclear is a great idea, but one has to be smart about *where* it's built, not *whether* it's built.
there is a little problem, and you just nailed it. Where it is built. And smart. Sorry, but there are humans involved, and perhaps a nuc plant gets built in a certain place because the person who sold the land gave great head, or a fine ass contribution to one of his employees, also known as an elected politician. Added to the mix is the CEO of the project who demands the schedule is met, and the CFO who even thought they don'nt know a thing about niuclear power, knows exactly where to save money by cutting corners.
It's a mighty big damn genie in that bottle, and it wants out really bad. And while corporations are darn good at turning a profit, they aren't so good with genies. Samsung has problems with tiny little genies in their phones. So while they might be great at making sneakers or selling Pizza, corporate culture doesn't like engineers and scientists very much, and doesn't consider their input necessary on the "important matters"
Until that damn genie gets out of the bottle.
In hindsight of course, the Fukushima Power plant was simply going to fail. The walls were 100 percent certain to breach, the water was 100 percent going to settle where the emergency generators were. The design itself however, would still be working today if not for the terrible decisions made on siting and building the place.
Can a safe reliable nuclear based pwer generating plant be built? I'm pretty certain the answer is yes.
Will they be built? Having a pretty good grasp of human nature, my money is on only by accident.
The shepherds did so well protecting the flock that the sheep no longer believed that wolves existed.