| The time for nuclear has passed (at least fission. Fusion may still be a good future energy source). I say this because the cost of building a new nuclear plant is more expensive than wind and solar. Nuclear might still be a good solution for northern and southern habitats. But, at this point, where most pollution is produced, solar and wind are viable. https://en.wikipedia.org/wiki/Cost_of_electricity_by_source With all that said, the real viability of renewables is partially going to be determined by storage costs. Nuclear doesn't really solve the storage problem though (it is a base load only power source). Eventually in order to hit a 7.6% reduction goal we'll have to phase out natural gas peaker plants. To do that, we need storage. We certainly shouldn't be decommissioning nuclear plants in favor of renewables. I just don't think the time to build new nuclear is here. The cheaper and faster solution is new renewables. |
Storage is quite a bit more expensive than nuclear, and while the cost is dropping it has a long way to go. At the same time, new nuclear technologies like molten salt reactors could well drop the price of nuclear. For that to be a factor, we'd likely have to get more aggressive with licensing new nuclear technologies; i.e. we'd have to treat climate change with the urgency it deserves.
Here's a Lazard report on levelized cost of storage: https://www.lazard.com/perspective/lcoe2019