Energy planning in response to climate change: Accurate costs are critical
Article Highlights
- During the 1970s and 1980s, the actual costs (in inflation-adjusted dollars) of building US nuclear power plants were about three times as much as the estimated costs.
- So far, modern nuclear plants are also proving to be prone to cost escalation, and much more expensive than early proponents of the "nuclear renaissance" estimated.
- With billions of dollars at stake, it is important to revisit cost assumptions for major energy projects frequently in order to recognize the latest data and trends.
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