Electrification 2.0

Edgardo Sepulveda, energy economist and seven-time Decouple guest, returns to delivers a synthesis episode. We draw together our previous analysis of the financial and regulatory conditions that enabled the initial build out of our grid, explore the Amory Lovins lost decades that saw electrification atrophy and examine the tools at our disposal to achieve an electrfication 2.0 to deliver a doubling of our current grid to help us meet net zero goals.  This conversation builds off of Edgardo's recent research piece on the critical role that nuclear energy has played in the decarbonization of the electricity sector and what should be done to make sure this legacy is continued. Over the last six months Edgardo has compiled an extensive electricity and emissions dataset for 30 countries over the last 50 years at https://edecarb.org/. Based on this project, Edgardo was invited by Myrto Tripathi, head of the France-based nuclear advocacy group the Voices of Nuclear, to prepare this think piece, which went out as the March Newsletter in English. Sepulveda calculates that, over the last 50 years, countries that adopted nuclear power consistently reduced emissions intensity by more than three times as much as those that went without nuclear. Looking forward, the massive “Electrification 2.0” that will require a doubling or tripling of electricity generation by 2050 would provide the financial rationale for the needed massive capacity investments, particularly in nuclear. Lastly, we discuss market reforms that would be needed to correctly value the low-emissions, firm electricity provided by nuclear energy.