4.6 • 949 Ratings
🗓️ 5 August 2025
⏱️ 32 minutes
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Peter Van Doren and David Kemp bring libertarian skepticism to the bipartisan political support for nuclear power. They analyze why regulatory reform alone may not solve nuclear's economic problems and discuss how recent U.S. projects have failed to deliver on promises of cost-effectiveness even after a supposed "renaissance" in the late 2000s. They finish up with a discussion on whether small modular reactors (SMRs) are the nuclear silver bullet.
Show Notes:
Peter Van Doren and David Kemp, Nuclear Power in the Context of Climate Change, Cato Institute Working Paper, April 27, 2023. https://www.cato.org/working-paper/nuclear-power-context-climate-change.
David Kemp and Peter Van Doren, "Would a Carbon Tax Rejuvenate Nuclear Energy?" Regulation 45, no. 3 (Fall 2022). https://www.cato.org/regulation/fall-2022/would-carbon-tax-rejuvenate-nuclear-energy.
David Kemp, "Nuclear Power’s Newest Cautionary Tale," Cato at Liberty (blog), January 23, 2024. https://www.cato.org/blog/nuclear-powers-newest-cautionary-tale.
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0:00.0 | I'm Peter Van Doren, a senior fellow at the Cato Institute and editor of the quarterly regulation. |
0:09.8 | And I'm David Kemp, a policy analyst at the Cato Institute. |
0:13.9 | Today, Peter and I are going to talk about nuclear power. |
0:18.6 | Nuclear power seems to pop up in the news over and over again. |
0:24.6 | And there's a lot of support and discussion about nuclear and the role can play in America's energy future. |
0:34.5 | This takes a lot of different forms in recent years. |
0:38.6 | There have been a lot of major deals between large tech companies like Amazon and Google and small nuclear startups. |
0:48.8 | There's been government support for nuclear through subsidies. |
0:52.2 | Recently, there was a series of executive orders from President Trump, signaling that he |
0:59.3 | is taking the role and expansion of nuclear power very seriously. |
1:05.8 | And prior to that, the Biden administration and the Congress in 2024 passed, in this word, you'll find strange, bipartisan |
1:13.7 | legislation to, again, modify the rules at the NRC and, quote, speed things up, right? |
1:22.1 | There's a perception on both the left and the right that the NRC is the source of difficulty in the |
1:30.5 | lack of commercial success of nuclear power. And by golly, both sides want to speed things up |
1:37.7 | and get rid of the NRC, or not get rid of, but to streamline. |
1:43.5 | Streamline, make sure it's not in the way, right? |
1:46.2 | And not just the Trumpsters, but also the prior administration and 88 senators in Congress. |
1:55.2 | I mean, you don't get 88 senators voting for things much, except to adjourn. |
2:01.1 | And so today we're trying to go through the puzzle of, okay, well, everyone disagrees on |
2:08.7 | everything in Washington, except now both the left and the right are pro-nuke. |
2:13.5 | So what's going on? |
2:15.8 | And I think outside of Cato in the libertarian sphere, bipartisan support is often a good thing. |
... |
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