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All kinds of big risky endeavors are insurable. Oil rigs are insured. Other power plants are insured.
Accident liability is not the only liability: Nuclear power plants uniformly cost a multiple of their estimated decommissioning costs. This leads to pressure to keep old plants running, just to put off that particular day of reckoning. And then there is a cost of waste storage.
When there is a normal market for nuclear power, like there is for a gas turbine plant, privately insured, with future costs bonded, then let's build some nukes.
I am optimistic it will happen, but not based on current technology. Nuclear power startups are a very good thing in part because relying on the old liability shifting approach probably will not fly. These have to have really sustainable TCO.
And yes, you can argue that that Chernobyl was an old reactor design, Fukushima was complacency, but the reality is that technology always goes wrong. I'd rather have technology that catches fire (wind turbines) than technology that gives people cancer and forces entire cities to migrate (reactors) when it goes wrong.
there is no perfect solution, i understand the risk associated with nuclear power but i think the smartest minds thinking deeply about the climate space all basically agree that there is no solution to fighting climate change that doesnt include nuclear. we should be sinking lots of money into reducing the risks and coming up with innovative ways to make it ubiquitous
The world won't become uninhabitable - global warming alone is not going to cook us. What will happen is more natural disasters, difficulty with natural resources and farming, and wars for those resources.
Climate engineering is the best hope to reduce global warming. Aerosols sprayed into the atmosphere, that sort of thing.
Global warming will make parts of the worlds inhabitable. Sea levels will rise, so much heat and humidity in some places that your body won't be able to regulate its internal temperature...
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Since the fans of the atom downvote everything not in their frame of reality, I'm now unable to answer anymore so I'll just edit my answer to this comment:
@yongjik: I can't drink enough to follow this argument twisting. Nothing you said makes my argument go away. Those things ARE dangerous. Neither fossil fuel nor cars won't make the risk go away or be hidden in a cloud of mad word twisting.
Also: nobody who makes an argument against nuclear, makes one for fossil fuel. They usually are pro renewable energy. But you know that don't you? You just wanted to derail....
@cestith: acutally MOST of the nuclear reactors did not became a catastrophe. It doesn't change anything about the fact that when it becomes one, it is one.
People don't evacuate from fossil fuel, not because it's safer, but because you can't, so we just accepted it as facts of life. More people die from vehicle exhaust than Fukushima: where are you going to go?
The problem for nuclear is that if you are making a pollution based safety argument for it, the obvious question is why not spend the money you would on nuclear in more cost effective and equally green or greener alternatives (ones which lack a doomsday scenario as a bonus).
In reality, nuclear sucks up a lot of green capital for 8-10 years at a minimum, under delivers, if it delivers at all, and does so at an extremely high price.
There are new nuclear technologies that have the potential to be cost competitive with other renewables, but they aren’t production ready yet. Why not make these arguments when those technologies are ready.
Also, probability of nuclear waste being unearthed in the next 50.000 years multiplied by the estimated death toll of such event.