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My thinking is pretty similar to yours. Especially the point on subsidies, although I would modify it slightly: if subsidies are employed (explicitly, or implic
by spangry 10y ago
My thinking is pretty similar to yours. Especially the point on subsidies, although I would modify it slightly: if subsidies are employed (explicitly, or implicitly in the case of 'nuclear insurance'), governments should aim to keep them as technologically neutral as possible. I'm not arguing against subsidies (especially at this point): if it's a choice between climate catastrophe or handing out subsidies I'd definitely go with the subsidies. However, I think it's counter-productive (and more costly in the long-run) for governments to distort alternative energy markets by 'picking winners' (as they always seem to do). In other words, subsidise equally.
Carbon pricing always seemed like the elegant, 'neutral' solution to me, but it doesn't seem very popular. Also people seem to have trouble understanding that it makes perfect sense to cycle the revenue back to individuals (e.g. tax cuts), as the point is to make co2 emission intensive activity relatively more expensive (meaning people efficiently substitute away).
On the solar costs, it sounds like you've made a fair calculation (although I'm by no means an expert either, so not really qualified to make any kind of judgement). Although one other factor (which you might have already built in to your unit price) is the cost of transmission infrastructure: renewables (particularly wind) need to be geographically distributed to ameliorate their intermittancy issues (i.e. the wind only blows in some parts or the country at any given time, the sun is only visible from some perspectives etc.). Either that or, as you pointed out, you need quite a lot of energy storage capacity. Most likely there's some optimal mixture of both.
There's two other bits of fission tech that could be real game-changers: small modular reactors (https://en.wikipedia.org/wiki/Small_modular_reactor https://en.wikipedia.org/wiki/Small_modular_reactor) and sub-critical reactors (https://en.wikipedia.org/wiki/Energy_amplifier https://en.wikipedia.org/wiki/Energy_amplifier). Although I get the sense the latter is a bit more speculative (even though we have all the bits of technology to make it work in theory).
And I should probably correct something that I think I (mistakenly) said earlier as well: nuke plants, although they can scale up and down to try and match demand, it apparently is not a fast process (meaning at least some energy storage or 'peaking'/'energy sinking' capacity is required, somewhat mitigated by good predictive models of demand).