u/aaronturing

I'm reading so many comments on this sub by people who are completely uneducated on Nuclear.

I want to be clear I have no problems theoretically with Nuclear in that it is carbon neutral. I have massive problems with it because it is expensive and slow to build.

The fossil fuel industry and culture war warriors love Nuclear because it delays the transition.

Let's give some simple facts to ensure everyone understands how stupid Nuclear is right now.

There was over 650 GW of renewable energy added last year.

There was 3 GW of Nuclear energy added and 3 GW retired.

There are a total of 2 SMR's in the world today.

Sure nuclear will have some real uses going forward but it's an awful technology right now because renewables plus batteries are so much cheaper and quicker to deploy. Batteries may improve significantly as well.

>you'd still get the 50% CGT discount on the last 10 years. It's only future growth that changes, after 2027.

I copied this point from another post in this sub on these changes. I want to be really clear here. The changes are really not significant in relation to your current investments.

The tax system is also screwed up and requires changes. I think they haven't gone far enough. We need greater taxes on fossil fuels and ideally removing fossil fuel subsidies and we need a wealth and inheritance tax.

This is a step in the right direction. It's not enough but it's a step in the right direction.