Diverting Indirect Subsidies from the Nuclear Industry to the Photovoltaic Industry: Energy and Economic Returns

Joshua Pearce 18 PAGES (7430 WORDS) Article
Subscribe to access this work and thousands more

Nuclear power and solar photovoltaic energy conversion often compete for policy support that governs economic viability. This paper compares current subsidization of the nuclear industry with providing equivalent support to manufacturing photovoltaic modules. Current U.S. indirect nuclear insurance subsidies are reviewed and the power, energy and financial outcomes of this indirect subsidy are compared to equivalent amounts for indirect subsidies (loan guarantees) for photovoltaic manufacturing using a model that holds economic values constant for clarity. The preliminary analysis indicates that if only this one relatively ignored indirect subsidy for nuclear power was diverted to photovoltaic manufacturing, it would result in more installed power and more energy produced by mid-century. By 2110 cumulative electricity output of solar would provide an additional 48,600 TWh over nuclear worth $5.3 trillion. The results clearly show that not only does the indirect insurance liability subsidy play a significant factor for nuclear industry, but also how the transfer of such an indirect subsidy from the nuclear to photovoltaic industry would result in more energy over the life cycle of the technologies.

Subscribe to access this work and thousands more
Overall Rating

0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

Joshua, P (2019). Diverting Indirect Subsidies from the Nuclear Industry to the Photovoltaic Industry: Energy and Economic Returns. Afribary.com: Retrieved March 01, 2021, from https://afribary.com/works/diverting-indirect-subsidies-from-the-nuclear-industry-to-the-photovoltaic-industry-energy-and-economic-returns

MLA 8th

Pearce, Joshua. "Diverting Indirect Subsidies from the Nuclear Industry to the Photovoltaic Industry: Energy and Economic Returns" Afribary.com. Afribary.com, 22 Apr. 2019, https://afribary.com/works/diverting-indirect-subsidies-from-the-nuclear-industry-to-the-photovoltaic-industry-energy-and-economic-returns . Accessed 01 Mar. 2021.

MLA7

Pearce, Joshua. "Diverting Indirect Subsidies from the Nuclear Industry to the Photovoltaic Industry: Energy and Economic Returns". Afribary.com, Afribary.com, 22 Apr. 2019. Web. 01 Mar. 2021. < https://afribary.com/works/diverting-indirect-subsidies-from-the-nuclear-industry-to-the-photovoltaic-industry-energy-and-economic-returns >.

Chicago

Pearce, Joshua. "Diverting Indirect Subsidies from the Nuclear Industry to the Photovoltaic Industry: Energy and Economic Returns" Afribary.com (2019). Accessed March 01, 2021. https://afribary.com/works/diverting-indirect-subsidies-from-the-nuclear-industry-to-the-photovoltaic-industry-energy-and-economic-returns