CFR Analysis of the Oil-for-Renewables Trade in the US Budget Deal

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At the Council on Foreign Relations Varun Sivaram and Michael Levi completed an analysis of the proposed “oil for renewables” trade in the proposed budget deal.  It looks to be well-done, though there is no discussion of the costs of the proposed renewable subsidies. I’ve inquired via the comments:

  1. How much existing nuclear capacity is likely to be prematurely closed due to the subsidized cheap wind/solar?

  2. How much new nuclear is likely to be built if this deal was technology neutral, treating zero-carbon nuclear generation equally?

  3. What is the total avoidance cost per ton CO2 for the favored renewables?