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by AtlasBarfed
1316 days ago
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And, consider that the new projects won't be online for 5-10 years, during which time year-on-year improvements to cost of solar and wind will likely continue to decline 5-15% per year. Nuclear projects are turtles chasing rabbits at this point, and the rabbit has head start. |
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The only countries that have successfully moved all or nearly-all of their electricity to decarbonized sources have done so primarily with dispatchable sources: hydroelectricity (E.g. Norway, Brazil, Albania, Uruguay) and with a mix of nuclear power filling in where hydro isn't enough (France, Sweden, Switzerland). All of those countries generate a single digit percentage of their electricity from fossil fuels. Nobody has decarbonized primarily through a source of decarboinzed energy source besides hydroelectricity or nuclear power.* Unless there's a storage breakthrough on the horizon, we'll still need to derive a significant chunk of our electricity generation from dispatchable sources.
* One minor counterexample is geothermal power, but like hydro it's geographically dependent.