So who goes around switching off the sun and turning off the wind?
Arcturus
Yeah, it genuinely is. Doesn't take too long to find the lobby groups. A lot of funding comes from mining. Also, RAB funding (from the government) allows nuclear companies to earn a profit without having the plant completed yet. So there is money to be made. Ever wonder why there's a lot of pro-nuke videos on YouTube? Rather than academic spaces? Which time and again shows you that renewables are superior in virtually every way?
If you're constantly pouring money into a loss-making industry, it means you're not efficiently managing your resources to build more projects. Profits from renewables can be reinvested before a single plant can't be constructed. And that nuclear plant, will never make enough profit to build another.
So, you're going to spend, billions, to build a nuclear powerplant, that will decarbonise at a slower rate, never turn a profit, be an economic sinkhole megaproject, or, you could just build a solar panel or wind turbine in like, a year, where it'll be functional and working. Profits allow you to reinvest into more projects. Losses, mean you're putting endless amounts of money into less.
You can't go cheap on nuclear. Otherwise you're looking at a myriad of political corruption and safety concerns, which in part will cost you a government, where you'll eventually have to start all over again. Or you could just invest in renewables. Like what China is overwhelmingly doing.
If there is no wind or sun, we're facing a global apocalypse. There's always wind or sun. You just need to capture it. Nuclear is not on demand either, most plants aren't designed to be. Nuclear is designed to be baseload energy, which, for decades, has fallen out of favour in lieu of more flexible doctrines. Octopus Energy is doing quite a bit of work with AI and energy demand, using incentives to control public energy consumption, which reduces the backup you would need for renewables. Also, that study I referenced, presumes about a 25% decrease in cost of nuclear. Again, best case scenario for nuclear.
It's actually the worst time to get started on nuclear. Costs keep going up. There's a reason why countries overwhelmingly prefer to invest in renewables over nuclear. This includes nuclear companies. EDF is one of the largest investors in renewables, and it's actually the profitable side of the business. It's going to be the taxpayer that's going to pay for nuclear, and they're not going to get their money's worth, as opposed to renewables.
And yet, it's backed up by studies showing that nuclear is faster for decarbonisation, S&P Global's estimates for the massive growth of renewables vs nuclear indicating China's preferences. But really, this is all part of China's infrastructure push. The funding is going to renewables, but China is keeping a foot in the door for nuclear. At best, nuclear would work, in a majority renewables grid if they cut about 25% off the cost.
Poor track record with safety (not talking about the big issues such as meltdowns, but smaller issues such as minor leaks, and workplace incidents). Nobody's interested in building them unless they've got profit guarantees and subsidies from the government. Nobody's interested in insuring them in full (unless it's the government). Nobody's interested in the eventual decommissioning process, which can take a century, and again, still costs. Renewables will be up and running, and profitable, long before nuclear is constructed.
Is it though? You'd need to cut the price of nuclear by about 1/4. Even then, renewables are faster at decarbonisation. Not that nuclear represented a large amount of the German grid in the first place. Best case scenario for Germany, is extending the lifespan of their plants not more than a few years.
I don't have to tell China they're finding it out themselves. Yes, China leads in deploying nuclear, for various reasons. Energy, research, military. But despite this, renewables represents by far the largest investment and growth. Though China's nuclear energy ambitions seem large, don't forget, it's a huge country. It's just a small piece of the pie, the pie being dominated by renewables.
This relates to China because they're literally by far have invested the heaviest in renewable energy. A good amount of their nuclear reactors are experimental and for research, some are looking at military applications for ships. Renewables growth in China far outstrips their nuclear efforts. As per what the original article I mentioned indicates. China isn't serious about their nuclear plans, it's a combined research, military, national pride thing. Unlike their renewables investments, which you can see outstrips nuclear today, and in the future from sources given, backed by scientific papers also given.