Captialism's Chernobyl

[krazy_kaju]

LOL, this is being discussed on another thread, here: https://forum.freecapitalists.org/t/japanese-nuclear-energy/18176

The government’s nuclear energy budget hovers around 500 billion yen ($4.5b). Private R&D investment (27 billion yen ($247m) in 2003) is well below 10% of government spending on nuclear energy, so clearly the government has provided huge subsidies to the nuclear industry. Without these subsidies, the industry wouldn’t have survived.

The 2004 nuclear energy budget was 465 billion yen ($4.2b). If the 37 billion yen ($335m) allocated to accelerator and fusion-related work is deducted, this comes to 428 billion yen ($3.9b). Nuclear power generation in 2004 was 282,442 million kWh, so the government’s subsidy to nuclear energy works out at 1.5 yen/kWh (1.38 cents/kWh). (Japan’s nuclear energy policy is based on the fuel cycle, so the government’s spending on the nuclear fuel cycle is included in this figure.)

from:http://cnic.jp/english/newsletter/nit113/nit113articles/nit113cost.html

Seems like a pretty heavily subsidized, non-free market.