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I think I take issue with both of your assertions: A dollar spent on renewables displaces much more than the same dollar spent on nukes -- this project is goin
by NumberWangMan 5y ago
I think I take issue with both of your assertions:
A dollar spent on renewables displaces much more than the same dollar spent on nukes -- this project is going to provide CO2-free power at 3 cents / kWh. It's in the same ballpark, but also, nuclear's main competition is coal and gas, as they all provide baseline power. Solar with storage can do that, but adding storage drives the cost up.
And you cannot spend the same dollar on both -- while this is true, I think the fallacy is that spending a dollar on nuclear power necessarily takes a dollar away from renewables. It's possible that this will sometimes be the case, but it also will clearly be taking a lot of dollars away from coal in places where practically speaking, the choice isn't coal vs renewable, it's coal vs nothing, so if you don't spend the dollar on nuclear, it WILL be spent on coal.
- adrianN 5y ago"is going to provide" is a bold statement given that molten salt reactors are still not ready.
- ncmncm 5y agoCapital markets compete on a level field.
- imtringued 5y agoThe vast majority of nuclear power plants weren't funded privately.
- ncmncm 5y agoTrue, but that means money spent on them was coerced out of the public economy and spent where it would not have been. So, they still compete for spending, but unfairly.