Jérôme à Paris is a French investment banker specialising in large scale energy projects and was a regular contributor on energy topics in the early days of Daily Kos – the main US liberal political blog – and also founded the European Tribune to focus on European issues. Nowadays he focuses on financing renewable energy projects and writes occasional blogs to counteract widespread public misunderstandings of renewable energy often propagated by oil and nuclear industry interests. Key themes include the death of baseload and the growth of microgeneration, storage, and international electricity distribution grids. But mostly, its about the political and economic interests at play.
Nuclear energy has been great. In many places, it has produced relatively cheap electricity and (although we did not care about that when it was built) it is largely carbon-free. It still works, but it is simply no longer competitive against available alternatives, and it is going to be increasingly difficult to integrate in a system that is inexorably dominated by solar energy during the day and other renewables. (see for instance this recent academic study). In any case, it is not financeable, and given the large amounts required for each plant, they will struggle to get built, even with large-scale state support.
If a few nuclear plants could easily be built on budget and on time in a given system, it would not be an issue, but the problem is that (i) a lot of the energy of its proponents is directed at maligning renewable energy, presenting it as unserious and insufficient (arguments of the “you can’t do vital surgery if there’s no wind” type which ignore how grids work), and (ii) more importantly, nuclear swallows an incredible volume of political capital that could better be used for other purposes, like energy efficiency, upgrading the grid or reducing fossil fuel use outside the electricity sector.
Politicians like these very large, multi-billion-euro projects that seem to solve an issue in one go, and can be forcefully and visibly decided by a handful of large-ego persons like themselves. They don’t understand (or hate) the very decentralized and uncontrollable nature of renewable energy systems, that require complex rules and don’t give them the same publicisable impact on things. Nuclear provides a concentrated nexus of jobs, TV opportunities, and VIP meetings with big stakes. So they are easily convinced by proponents that this is what is needed.
And thus we get endlessly repeating “decisions” to build new nuclear plants, to be executed over the next 20 or 40 years, and which increasingly resemble fusion energy – always 20 years away. This is because the underlying arithmetic unfortunately no longer works, and nobody is actually willing to sink the billions, or pay the inflated tariffs, that are required to get the plants of the ground – and that’s before delays and cost overruns hit (and obviously nobody sane will agree to be responsible for these in advance).
If nuclear made sense, Microsoft or Amazon or Rio Tinto would finance the construction of a few plants to feed their ever growing appetite for reliable carbon-free energy… In reality, despite all the high-powered attention, ridiculously few new nuclear plants are being built compared to new renewables, even in China. Nuclear is at best irrelevant and at worst a distraction…
This would be harmless if it did not occupy the limited time that senior politicians have to spend on the topic of energy, and get them to spend their political capital on these projects that end up going nowhere. It also means that they don’t understand what is actually happening in the energy sector in the meantime, and don’t work on the new policies that are needed to make sure that ongoing (unstoppable) transition to renewables is done more smartly and efficiently.
Nuclear proponents do understand the energy system a bit better, and they certainly see that renewables are eating their lunch (typified by the switch in discourse, beyond the “it’s ugly” and ‘what do you do when there’s no wind” arguments, from “it’s too small to matter” to “it cannot do 100% on its own”) and thus they need to attack and criticise renewables to make it appear that nuclear is still necessary or relevant.
In that – continuing to denigrate renewables, and capturing too much political attention, nuclear proponents achieve only one thing – slowing down the transition to renewables, and making it more expensive than it could be because regulatory changes are not made. They have effectively become the useful idiots of the fossil fuels industry which they still occasionally claim to fight.
And, to conclude, a fun fact that seems ignored by most: France has lost more annual kWh from nuclear than Germany since 2011, which closed its plants. Maybe the blame for weakening the nuclear case should go to France rather than Germany?
This is a guest slot to give a platform for new writers either as a one off, or a prelude to becoming part of the regular Slugger team.
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