Half a century ago, nuclear power was on track to out-compete fossil fuels around the globe, which would have reduced the price of electricity, the amount of harmful air pollution, and greenhouse gas emissions associated with climate change. Then came a dramatic slowing of new construction and research into safer and more efficient nuclear reactors.
According to Australian National University researcher Peter Lang, the ’60s and ’70s saw a transition “from rapidly falling costs and accelerating deployment to rapidly rising costs and stalled deployment.” Had the initial trajectory continued, he writes in the journal Energies, nuclear-generated electricity would now be around 10 percent of its current cost, writes Ronald Bailey for latest print edition of Reason.
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