Nuclear prospects are shriveling

Shriveled nuclear

And the numbers don’t lie:

“Making 10% of world and 20% of U.S. commercial electricity, nuclear power is historically significant but now stagnant. In 2020, its global capacity additions minus retirements totaled only 0.4 GW (billion watts). Renewables in contrast added 278.3 GW—782x more capacity—able to produce about 232x more annual electricity (based on U.S. 2020 performance by technology). Renewables swelled supply and displaced carbon as much every 38 hours as nuclear did all year. As of early December, 2021’s score looks like nuclear –3 GW, renewables +290 GW. Game over.”

Those are the telling figures contained in Amory Lovins’ article for Bloomberg Law — Why nuclear power is bad for your wallet and the climate.

“New plants cost 3–8x or 5–13x more per kWh than unsubsidized new solar or windpower, so new nuclear power produces 3–13x fewer kWh per dollar and therefore displaces 3–13x less carbon per dollar than new renewables. Thus buying nuclear makes climate change worse. End-use efficiency is even cheaper than renewables, hence even more climate-effective. Arithmetic is not an opinion.” Read more

(Headline photo by by louisa_catlover /CreativeCommons)

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