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


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?