Subsidies

On magical, mythical, market unicorn fairies

Or how we can get effective climate policy without government intervention

I don’t usually respond to op-ed columns, but the column by Bret Stephens in the New York Times on climate policy yesterday is so …. foolish that I think it needs a response. And more to the point, the foolishness in the column can help illuminate some of the major problems that have developed as …

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Risk Subsidies and the Future of Nuclear Power in the U.S.

Should We Take Into Account Government Subsidies that Reduce the Risks Borne by the Nuclear Industry as We Consider Our Energy Future?

As I’ve written about before, U.S. law massively subsidizes the nuclear power industry. In particular, a law called the Price-Anderson Nuclear Industries Indemnity Act dramatically skews the incentives to develop nuclear plants, and to site them in places where there is a lot of risk, because it requires the public to bear much of the …

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