Nuclear Socialism: Energy subsidies—of any kind—are bad business

Document Detail

Document Icon
Nuclear Socialism: Energy subsidies—of any kind—are bad business
Coverage: USA
Resource Type: nuclear
Object Type: Publication or article
Attributed Authors: Amory Lovins
Publication Date: Oct 16, 2010

Abstract

Interesting article by Amory Lovins in The Weekly Standard examining the history and market-related problems associated with nuclear subsidies past and present.  Lovins suggests that the structure of many of the proposed nuclear programs do a poor job aligning incentives and accountability for proper risk management and oversight, and create a significant risk of recreating conditions similar to those that led to the meltdown in mortgage markets two years ago.  Lovins uses subsidy data from Earth Track, and suggests shifting from always adding new subsidies to various energy forms to a policy environment in which subsidies are removed instead, allowing market prices to play a much more substantial role in the choice of the nation's future energy path.

Copyright 2012 Earth Track