Solar power is not competitive with fossil fuels for baseline power generation. Current projections have it getting close by 2022, but even then, it’s projected to be around 20% more expensive than Natural Gas. Further, those projections don’t include any kind of energy storage mechanism, which is necessary for use as a baseline generation source.
That being said, nuclear is also not competitive, but it’s also important to note that a large portion of nuclear’s currently associated costs are based upon most recent construction attempts, which absolutely have been hampered by a changing regulatory environment.
While nuclear reactors, of course, need to be regulated, given that we made a ton of them with older regulations, and we have had exactly one accident, ever… and it caused no measurable impact on the environment… with generator technology that is ancient by comparison to modern technology… I think it’s almost certainly the case that we are perhaps being overly cautious, to the point of hindering development unnecessarily.
The NRCB is the most meticulous regulatory body in the world. Again, I’m not saying all regulations are bad, but we, as a country, totally overreacted to TMI, and as a result our regulatory process has grown cumbersome. This directly results in increased costs for those reactors, as delays directly result in wasted money.
Other countries built tons of nuclear reactors after we got scared off, and they are perfectly safe. Fukishima had a major issue, but it was hit by the biggest earthquake ever, and then a Tsunami. AND it wasn’t a newest generation reactor.
The reality is, the perception of risk may mean that nuclear can’t be developed by private entities any more. We may need to have the government do it. The government makes and maintains a ton of nuclear reactors… hell, we put them on boats.
Dude, you’ve got literally billions of people in China and India who are still living like we did over a hundred years ago. I do not believe that humans are going to be able to change their behavior in such a way that we will reduce our need for energy enough to make a dent in that huge wave that’s coming.
The only way to address that is going to be to produce huge amounts of non fossil fuel based power, and you’re going to need to do carbon capture from the atmosphere.
The key for carbon sequestration to become viable, is for it to actually convert carbon into something useful.
We can’t just capture it and dump it in the dirt. Any plan like that is going to fail, because the costs will be too high.
But if you can use some of the new processes which actually turns that carbon into useful materials? Then you might have a shot.