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Tell President Biden to support carbon pricing and incentives to decarbonize

This will likely be our last best option to put us on the right path with climate change.

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Potential Talking Points

  • I'm deeply concerned about climate change
  • We need solutions that get us to net zero carbon emissions by 2050
  • I strongly urge you to support Senate Democrats proposal for a carbon tax as part of reconciliation bill
  • I also encourage you to include incentives that accelerate our transition to renewable energy and EVs
  • Thank you for all you're doing to address climate change

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Do your own analysis of nuclear power

We drew our conclusions about nuclear based on a lot of reading, but don't take our word for it! Spend some time reviewing the show notes and sources we used to conduct our research.

When you're done, write us and let us know where you landed and why!

Show Notes

This Week’s Reason for Hope

New report from EU Central bank underscores costs of climate change inaction

  • By end of century, growing natural disasters could shrink economy by 10%
  • Cost of transition away from fossil fuels – 2%
  • Report adds pressure on policy makers to take bold action

Sources

Economic Impact of Climate Change in Europe Is Scrutinized - The New York Times (nytimes.com)


Nuclear Power

Overview

Primary Pros - reliable carbon-free dispatchable power 

Primary Cons - safety risks, waste problem and costs more

19% of U.S. power mix or same as all renewable sources combined

26% of E.U. power mix

In U.S., retirements are outpacing new installations

Union of Concerned Scientists estimates greater than 1/3 of U.S. plants are either 

  • Scheduled to close
  • Not currently profitable

Sources

Electricity in the U.S. - U.S. Energy Information Administration (EIA)

Nuclear Power in the European Union - World Nuclear Association (world-nuclear.org)

The Nuclear Power Dilemma | Union of Concerned Scientists (ucsusa.org)


Costs

New wind and solar $30 / MWh (low end without storage)

New nuclear $129 / MWh (low end)

Caveat - nuclear is dispatchable power and wind/solar are not

Sources

Lazard’s Levelized Cost of Energy Analysis—Version 13.0


Germany Case Study

Sources

https://www.forbes.com/sites/scottcarpenter/2020/01/11/costs-of-germanys-nuclear-phase-out-are-substantial-new-paper-finds-but-there-is-little-appetite-for-a-rethink/?sh=2e42993a3ef7

https://www.reuters.com/article/germany-power-renewables/renewable-energys-share-of-german-power-mix-at-55-8-in-h1-idUSL8N2E8547

https://www.reuters.com/article/us-energy-nuclearpower/nuclear-energy-too-slow-too-expensive-to-save-climate-report-idUSKBN1W909J


Safety

Chernobyl death toll

  • 31 deaths in immediate aftermath
  • U.N. projects another 4000 may eventually die of radiation exposure 
  • New research indicates it could be orders of magnitude greater

Fukushima death toll - one confirmed to date, but more may come with time

U.S. accident in 1961 - three people died

Sources

The true toll of the Chernobyl disaster - BBC Future

Japan confirms first Fukushima worker death from radiation - BBC News

https://www.earthmagazine.org/article/benchmarks-january-3-1961-three-men-die-nuclear-reactor-meltdown/


Waste

Initially stored for 5 years on-site in cooling tanks

Permanent storage in dry casks

Total waste volume produced since 1950 in U.S. equal to football field 10 yards deep

Yucca Mountain selected in 1987 as target site for waste

Dept. of Energy was supposed to begin moving waste in 1998

Sources

https://www.nei.org/news/2019/what-happens-nuclear-waste-us

Harry Reid vs Yucca Mountain - Chicago Tribune

Yucca Mountain nuclear waste repository - Wikipedia


New Reactor Designs

Light Water Reactors (LWR)

  •  Use water to cool cores
  •  Nearly all of current fleet

Non-Light-Water-Reactors

  •  Use other substances to cool cores

Union of Concerned Scientists (UCS) Analysis

Summary conclusion

  • Some might offer improvements in sustainability (efficiency)
  • Improvements were outweighed by increased safety / terrorism risks

Sources

"Advanced" Isn't Always Better | Union of Concerned Scientists (ucsusa.org)

Executive Summary - UCS Analysis

Table comparing technology types - nlwr-compare-lwr.JPG (1120×939) (ucsusa.org)


Summary Recommendations

Recognize value of carbon free power from nuclear

Some states are implementing zero emission credit programs

  • Credits based on social cost of carbon
  • Five states have them

 

Tie subsidies to meeting certain provisions

Compliance with safety

Increased security

Shielding rate payers from price hikes

 

Invest in keys to carbon free power sector

Modernizing the grid

Subsidizing storage technology

Energy efficiency

Sources

Five states have implemented programs to assist nuclear power plants - Today in Energy - U.S. Energy Information Administration (EIA)

The Nuclear Power Dilemma | Union of Concerned Scientists (ucsusa.org)

Why We Still Need America’s Nuclear Power Plants — At Least for Now (edf.org)


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