Posted: 11th July 2022
By Kim Friedman
We must think holistically about what constitutes “clean energy” when we consider climate change investments and our energy future. President Biden’s recent announcement of his $6 billion effort to save “distressed” nuclear (fission) power plants is misguided and short-sighted.
Although reducing carbon emissions is critical to slowing the pace of climate change, it must not be our only litmus test for moving toward a “clean” energy future, similarly to how our overall health cannot be measured solely by our blood pressure or weight.
In the case of nuclear power, we must consider its high cost compared to renewable energy sources, such as wind and solar. According to Climate Nexus, the minimum cost per megawatt hour to build a new nuclear plant is almost 3 times higher than utility-scale solar ($112 vs. $46, respectively) and almost 4 times higher than wind power ($122 vs. $30, respectively). That’s like paying $70,000 for a car when you could purchase an equivalent car, in terms of its overall value, for one-third or one-quarter of the cost.