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.
https://www.synapse-energy.com/sites/default/files/SynapsePaper.2008-07.0.Nuclear-Plant-Construction-Costs.A0022_0.pdf
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The nuclear industry doesn’t have a great track record of on-time or on-budget
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.
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.
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.
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.
Hi there! Looks like you linked to a Lemmy community using a URL instead of its name, which doesn’t work well for people on different instances. Try fixing it like this: !climate@slrpnk.net
On the other hand he’s approved more new oil drilling than Trump.
https://subscriber.politicopro.com/article/eenews/2024/01/30/biden-administration-oil-drilling-permits-outpace-trump-ee-00138376
Funny how c/climate isn’t posting that part.
We know exactly what he’s done. Oil drilling permits are considered a property right by the courts once a lease is issued; the President can’t as a rule say ‘no’ — all he can do is set the terms.
What Biden did was to sharply curtail leasing:
We will eventually need to change the law so that existing leases aren’t treated as a property right like that, but we haven’t had the votes in Congress to do that.
Sure, but before that he held the single largest oil rights auction in US history, right after COP26 no less.
https://www.newsweek.com/biden-admin-set-auction-off-over-80-million-acres-offshore-drilling-1649242
The point seemed pretty clear. The cost is not what is quoted initially.
Fine, they could have built one nuclear power plant and maintained one existing one. Happy?
Being factually correct is important. Don’t get snarky with me because someone dared to contradict you.