Yes I agree that it makes sense for energy generation to be in public ownership. Although they still have to make a business case that it will actually deliver rewards. And be mindful of the costs associated with a dangerous liability. And in most countries it will be money that comes straight from debt.
The truth is that neither government or business have been that good at making these kind of decisions. I think the low recourse debt approach has some merits in that an institution is really forced to put skin in the game. And that due diligence is an integral part of making decisions. A nuclear power station that could be funded by a bank would probably be a pretty good design.
The truth is that neither government or business have been that good at making these kind of decisions. I think the low recourse debt approach has some merits in that an institution is really forced to put skin in the game. And that due diligence is an integral part of making decisions. A nuclear power station that could be funded by a bank would probably be a pretty good design.