There are a couple of things everyone should know when it comes to energy production: 1) Energy investment is primarily driven by cost, not perceived/actual safety. Safety regulations do affect cost, but not enough to significantly change investment (at least in the US, with the current conditions). 2) Base load power and intermittent (e.g. solar/wind) power are not the same thing, and are not comparable. The concept…
> The concept that "solar and wind will save us all" by themselves is fundamentally incorrect, and actually they make things worse in many ways. Sure, this comes up a lot in these discussions. We don't need to rely 100% on any one type of plant, and we don't even have to eliminate coal plants completely. In the end, we're going to have to use a variety of options to fight climate change, and some of the major ones (l…
Before, we had low variability in demand, so things like nuclear, hydro, and geothermal ("clean" methods of producing base load power) had a chance to compete.
Now, we have high variability in demand, so all of those solutions are out (though hydro is a special case), unless externalities like future-cost of CO2 is priced into production cost via taxes or cap&trade.
Wind/Solar + Storage is too expensive, so the market will shift to wind/solar + natural gas. We'll end up burning possibly more fossil fuel, or roughly the same.