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Krugman Removes All Doubt

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Cross-posted from Roger Pielke Jr.'s Blog

Last week I discussed Paul Krugman's views of climate policy (here and here). I argued that he deemphasized the need for technological innovation, which I argue must be at the core of any successful approach to decarbonization of the economy. A few commenters argued rather strenuously that I got things wrong -- Krugman in fact prioritizes technological innovation.

In a post on his blog Krugman pretty much removes all doubt when he writes (emphasis added):

First, power generation has to be "decarbonized": solar, nuclear, wind, geothermal, and maybe some fossil fuels with carbon capture have to replace coal-fired plants. This is within the reach of current technologies.

Yes, you read that right. Krugman says that replacing coal-fired power is within the reach of current technologies. Krugman is absolutely correct in a mathematical sense. We could indeed replace all current coal fired generation in the United States with about 325 new nuclear power plants (1 GW) or about 300,000 new wind turbines (the big ones, 2.5 MW, setting aside minor issues like storage or grid integration). (Data from The Climate Fix) However, Krugman is completely wrong from anything resembling a practical sense.

Krugman then says:

Second, residential and commercial use -- much of it for heating -- also has to be largely decarbonized; if power generation is decarbonized, much of this can be done by switching to electricity.

OK, let's switch to electricity. That means more than a doubling the numbers above -- more than 650 new nuclear power plants or 600,000 new wind turbines. Let me interpret what these numbers mean -- Not within reach. Krugman then suggests electrification of the transportation sector as well -- but with numbers like these what are a few hundred more nuclear power plants or few hundred thousand more wind turbines?

Krugman concludes:

I won't say that it's easy; but given the right incentives, we can do this.

Now, I am not an economist. But I'd sure like to see the nature of incentives that lead to 750 new nuclear power plants being built, or any other deployment of "technology with reach" at this scale.

Oh yeah, a price on carbon should do the trick . . .

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TrackBacks (0) 4 COMMENTS:

Hahahah your article really hits home to the lazy, misguided illusions that persist in the overly optimistic renewables now crowd. R and D is needed and badly. I live in Ontario where one of the largest energy overhauls in North America is taking place, employing the 'yes we can clean' mantra and it is going to cost rate payers an arm and a leg.

Renewables are badly needed.
(I really need to re-read/edit my comments before i post them

This is another reason why BTI should do more technology assessment, preferably in a Wikipedia-like format where experts and interested amateurs can learn an collaborate. "We have all the technology we need" has been the battlecry of cap-and-trade, and there has been no way to refute this. Now a Nobel Prize winner says so, and who can say he's wrong?

Decarbonization will require energy infrastructure at the scale you describe -- hundreds of power plants; thousands of smaller generators (whether they be wind or solar). That's simply the scale of US energy infrastructure. Even "breakthrough" technologies will need to be deployed at this scale. You're right to question the scale of incentives necessary to make changes this large actually happen with current technologies, but misguided in your focus on scale itself as the problem. The problem is cost, not scale. The point of the breakthroughs you so ardently pursue is that they are supposed to be CHEAP, not that they will enable us to avoid rebuilding our entire energy generation infrastructure.

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