The final figure will be significantly higher. Asked if the figure was likely to exceed €10 billion, he said: “Yes, we are talking about such magnitude.”
You can’t take money with you, but we will leave an atmosphere behind
The final figure will be significantly higher. Asked if the figure was likely to exceed €10 billion, he said: “Yes, we are talking about such magnitude.”
You can’t take money with you, but we will leave an atmosphere behind
Why?
Renewables are cheaper, faster to deliver and better over all for the environment. There’s every reason to believe this will just be a money sink that may not even see the light of day eventually.
Renewables are also intermittent and strongly tied to geography. Geography is especially limiting in much of Europe which isn’t particularly sunny, and where much of the low hanging fruit for wind, geothermal, and hydro has already been tapped.
And even if you were able to keep building it, you will soon run into the storage problem which is still potentially more costly, especially when trying to provide baseline power for the whole year, where it’s buildout may have to be many times more expensive to save power for months than a baseline solution like nuclear which can provide steady power all the time.
So, some mix of baseline solutions like nuclear and intermittent solutions like renewables will be needed to completely phase out coal, oil, and gas which provide our baseline power today.
I will tell you a secret: Nuclear power doesn’t work without storage either. That’s just something they will not tell you as that’s their biggest pro-nuclear/anti-renewable argument.
Nuclear is expensive and running the amount necessary in winter is only viable because you have an overproduction most of the year to export. But when everyone runs either on nuclear, nuclear and renewables or renewables and storage, there is no demand most of year (as everyone is overproducing) and also nobody to import from in a few especially cold weeks in winter (so you need even more nuclear power you won’t need most of the year). That’s completely unaffordable unless you put in storage in place to cover some of your winter demand and export time-independent when there is demand in other countries (which is why French models for 2050+ plan with huge capacities of hydrogen production - not the most efficient way of storage, but good for export).
Actually weeks. Wind and solar are quite complementary. So you only need to cover the rare circumstance of cloudy and windless… which doesn’t happen more than may 3 weeks a year, barely more than a few days in a row (in a lot of countries even less if you geographically diversify).
Slovenia isn’t a landlocked country and has all the same options that others do.
Why do you think renewables are better for the environment? Nuclear is very clean and produces next to no emissions. In comparison, solar panels have a production process which produces considerable emissions, once they fail (which is in around 25 - 30 yrs), they basically turn into toxic waste. Similar goes for wind turbines, but they also totally ruin the landscape, since roads have to be built in order to access and maintain them. Additionally they’re not viable everywhere and look ugly af.
Cost, as in dollars, can no longer be a consideration if you actually care about the environment.
Renewables are better for the environment though.
deleted by creator