At the risk of being melodramatic, the ripple effects of Fukushima go well beyond northern Japan. Clearly, nuclear accidents have become global events. Though fully 25 years have passed since the Chernobyl disaster in Ukraine during the former Soviet Union, residents still cannot pick the mushrooms growing in certain parts of southern Germany due to radiation damage carried by the wind. Radiation knows no geographic borders. If a nuclear accident occurs on China’s shores, the citizens of Korea and Japan are inevitably vulnerable to radioactivity.
Even ignoring the numerous environmental risks, nuclear power doesn’t make sense on a pure dollars-and-cents analysis. Nuclear power simply isn’t economical when you factor the impact of indirect expenses and fees, and thus can’t compete in an open, unsubsidized market for electricity. More often than not, in fact, taxpayers are forced to foot the bill for radioactive waste disposal and storage. Costs for insurance coverage of nuclear energy facilities have become astronomical. And the costs to shutter a nuclear plant after it has passed its life expectancy nearly equal the construction costs of building the plant in the first place.