"Econ 102" with Noah Smith and Erik Torenberg

Which energy source is best w/ Age of Miracles

6 snips
Dec 6, 2023
Explore the future of energy with a deep dive into nuclear versus renewable sources. The conversation highlights China's solar advancements and Japan's bureaucratic hurdles. You'll hear arguments for solar energy and its integration with battery technologies, alongside discussions on the resilience of these systems during extreme weather. The complexities of land use for energy projects and the evolution of solar technology pave the way for innovative solutions. Plus, a visionary glimpse at the potential of fusion energy awaits!
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INSIGHT

2050 Energy Mix

  • Noah Smith predicts a 2050 US energy mix: 20% oil, 25% gas, 5% nuclear/hydro/renewables.
  • Solar and wind will dominate the rest, driven by cost reductions and land availability.
INSIGHT

Nuclear's Past and Future

  • Nuclear power's stagnation is due to regulation, financing, and on-site construction limiting cost reductions.
  • Cheaper alternatives like solar and batteries now exist, lessening the impact of nuclear's limitations.
ANECDOTE

Construction vs. Manufacturing

  • Julia DeWahl notes construction productivity decline while manufacturing improves.
  • Noah Smith explains on-site building projects lack learning curves, citing skyscrapers and nuclear plants.
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