But you see, going with renewables is not betting the future of the planet. We absolutely know that renewables can do it. The technologies all exist now. All that we're doing is quibbling over how much it would cost.
The worst case for renewables would be that costs stop declining. Stack the deck just right and nuclear might end up a bit cheaper. But this is just a financial risk, not a risk of the planet. And if one is looking at financial risks, one must also look at the risk of cost overruns in nuclear. Unlike with renewables, which typically come in within 10% of the contracted cost, nuclear plants are famously subject to enormous cost overruns. Factors of 2, 3, or even more.
Pretending that the promises of nuclear will absolutely come true, but that renewables haven't absolutely demonstrated their cost declines will continue, is a blatant double standard and not how one does proper analysis. That's why utilities and financiers have walked away from new nuclear, especially in markets where they're not allowed to foist overruns off on the ratepayers.
> But you see, going with renewables is not betting the future of the planet. We absolutely know that renewables can do it. The technologies all exist now. All that we're doing is quibbling over how much it would cost.
We have lots of experience with hydroelectricity. So we can just build more dams, it's all just a question of cost right? With more money we can just build more dams until we reach 100% hydroelectric generation right? This is the kind of logic you're using.
Possibility and feasibility are two different things. Lithium ion batteries exist, but we'll never deploy a day's worth of battery storage. The scale just isn't there. No amount of money thrown at the problem is going to make it possible.
Sure things like hydroelectricity and electrolysis exist, but they have significant barriers to feasibility. The likely path for an attempt at solar and wind grid is to build a bunch of solar and wind, try to build storage, fail, and keep using fossil fuels. Nobody, and I mean nobody has ever built grid scale storage for more than an hour's worth of electricity use (let alone total energy use). Energy storage remains an unsolved problem, and it's not just a question of cost. There's no telling if it can be done even with unlimited financial resources.
By comparison we just need to build 4 nuclear plants for every existing one in the US. No massive 10,000x increase in storage capacity required. No reliance on technology that's never been deployed at scale.
The worst case for renewables would be that costs stop declining. Stack the deck just right and nuclear might end up a bit cheaper. But this is just a financial risk, not a risk of the planet. And if one is looking at financial risks, one must also look at the risk of cost overruns in nuclear. Unlike with renewables, which typically come in within 10% of the contracted cost, nuclear plants are famously subject to enormous cost overruns. Factors of 2, 3, or even more.
Pretending that the promises of nuclear will absolutely come true, but that renewables haven't absolutely demonstrated their cost declines will continue, is a blatant double standard and not how one does proper analysis. That's why utilities and financiers have walked away from new nuclear, especially in markets where they're not allowed to foist overruns off on the ratepayers.