Nuclear power is the fastest way to slash greenhouse gas emissions, decarbonize
Renewable energy is cheaper than nuclear, or will be imminently.<p>Proponents of nuclear tend to ignore the long-run costs associated with nuclear (eg. waste transport and storage), and the potential for cost blowouts due to acute disasters like Fukushima (estimated cost to taxpayers: USD $100 Billion).<p>The fact tax money is going towards Fukushima highlights another problem with nuclear power: the agency problem. The individuals and organizations that planned and built Fukushima are not directly shouldering the full cost of the problem it created. You can extrapolate from this to many other problems and risks associated with nuclear power, because the timeframe is long relative to the life of a human. If the average human lifespan was 200 years or more, maybe this would be less of an issue, but as it is now, profits now will inevitably trump responsibility tomorrow (and by tomorrow, I mean 30+ years from now).<p>There&#x27;s also the risk of weaponization, which increases as the number of plants increase, particularly if those plants are built in countries which currently do not possess much technical nous. It&#x27;s not a technology that should be disseminated, because the risks are real, and catastrophic in their consequences. If this sounds paranoid, Warren Buffett had this to say about the threat of cyber, biological, nuclear, or chemical attack on in the US:<p>&quot;“What’s a small probability in a short period approaches certainty in the longer run. (If there is only one chance in thirty of an event occurring in a given year, the likelihood of it occurring at least once in a century is 96.6%.) The added bad news is that there will forever be people and organizations and perhaps even nations that would like to inflict maximum damage on our country. Their means of doing so have increased exponentially during my lifetime. “Innovation” has its dark side.<p>There is no way for American corporations or their investors to shed this risk. If an event occurs in the U.S. that leads to mass devastation, the value of all equity investments will almost certainly be decimated.<p>No one knows what “the day after” will look like. I think, however, that Einstein’s 1949 appraisal remains apt: “I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.”&quot;<p>[Source: 2016 annual letter to Berkshire shareholders]