Shuttering of New York facility raises awkward climate crisis questions as gas – not renewables – fills gap in power generation
When New York’s deteriorating and unloved Indian Point nuclear plant finally shuttered in 2021, its demise was met with delight from environmentalists who had long demanded it be scrapped.
But there has been a sting in the tail – since the closure, New York’s greenhouse gas emissions have gone up.
Castigated for its impact upon the surrounding environment and feared for its potential to unleash disaster close to the heart of New York City, Indian Point nevertheless supplied a large chunk of the state’s carbon-free electricity.
Since the plant’s closure, it has been gas, rather then clean energy such as solar and wind, that has filled the void, leaving New York City in the embarrassing situation of seeing its planet-heating emissions jump in recent years to the point its power grid is now dirtier than Texas’s, as well as the US average.
Environmentalists can’t stop oil and gas companies from drilling and fracking and spilling and polluting. If nuclear was profitable environmentalists wouldn’t be able to stop it either.
The only reason we have so many nuclear plants is because the government subsidized them because they produce material that can be used in weapons. Just the reactor on its own isn’t profitable for decades, which is too long for a company to wait for a return even in the good old days before profits needed to grow every quarter.
Well, nuclear can be profitable. It’s just that fossil fuels are more profitable.
But this is also where the government needs to step in. There should be a carbon tax to account for the climate change externality. Also, clean sources of power including nuclear should be subsidized.
Keep in mind that while environmentalists maybe can’t stop it, some of them happily join a coalition with NIMBYs and indeed, fossil fuel companies to stop nuclear.
Even if the government did start heavily subsidizing nuclear, it will take a decade for new plants to come online. In the meantime, hundreds of gigawatts of renewables will come online, and storage and efficiency technologies will improve immensely. Like I said in another comment, if renewable power lowers the price of electricity, the nuclear plant will take even longer to be profitable.
We can keep the existing plants we have going. And even in the future, I believe there is space for nuclear. It is still far more consistent at generating power.
And I doubt renewables will make power cheaper.
Listen, the companies building gas turbine generators are not stupid. They know they will run for decades. Renewable energy, while good, just cannot meet increasing demands for power on its own.
