America’s new high-risk, high-reward $20 billion climate push
wapo.st
The Environmental Protection Agency is awarding $20 billion to nonprofit organizations to help finance projects that boost clean energy and reduce emissions.

The Environmental Protection Agency on Thursday awarded $20 billion to help finance clean-energy projects across the country, marking one of the Biden administration’s biggest investments in combating climate change and curbing pollution in disadvantaged communities.

  • wildbus8979@sh.itjust.works
    51·
    8 months ago

    https://www.synapse-energy.com/sites/default/files/SynapsePaper.2008-07.0.Nuclear-Plant-Construction-Costs.A0022_0.pdf

    Companies that are planning new nuclear units are currently indicating that the total costs (including escalation and financing costs) will be in the range of $5,500/kW to $8,100/kW or between $6 billion and $9 billion for each 1,100 MW plant.

    …

    These estimated costs translated into a projected total cost of $12.1 billion to $17.8 billion, for just two 1100 MW plants.

      • wildbus8979@sh.itjust.works
        42·
        8 months ago

        What’s your point exactly? That we shouldn’t do it because they cost money?

        Doesn’t change that this is a stupid loan and not real infrastructure investment, and that it is unlikely to have a significant impact on climate change. Performative.

        • ABCDE@lemmy.world
          32·
          8 months ago

          The point seemed pretty clear. The cost is not what is quoted initially.

            • ABCDE@lemmy.world
              21·
              8 months ago

              Being factually correct is important. Don’t get snarky with me because someone dared to contradict you.

        • silence7@slrpnk.netOP
          1·
          8 months ago

          Mostly that renewables and electrification are a better use of money right now. Nuclear’s high price means that it competes with things like seasonal storage. We may well build some in the 2030s, but that requires it being able to keep prices down so that the high volumes of seasonal storage we would otherwise need aren’t cheaper.

          • wildbus8979@sh.itjust.works
            11·
            8 months ago

            That’s fine, but we need the capacity for it, we need investment in production and transport and those are the investment that local level governance can’t make, unlike EV charging stations. And without those, these EV charging stations will only go so far.

            • silence7@slrpnk.netOP
              1·
              8 months ago

              Yes, we need a lot of things, not just EV charging stations. The Biden administration has been announcing one thing after another at a rate of 1-2 per week. If you’re watching c/climate you’d see that.