Capital

As the world slowly comes around to realizing that wind and solar are not the answer to climate change, nuclear looks better and better. One of the reasons rarely discussed is the upfront cost or what is called capital cost. As the baby boomers moved from the group with the highest earnings to retirement the available capital for investment declined rapidly. These people who ten years ago were investing for retirement are now putting their money into safe havens where it is no longer available for capital investment. This shortage of investment funds hurts the wind and solar industry because the major cost is upfront since the fuel is free. With nuclear the cost is spread over the lifetime of the project because most of the cost is fuel.