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While I respect Jérôme's expertise, and his views, I think there is a factor he is neglecting (not his sector) the emergence of hydrogen as the dominant freight transport fuel (and in other industrial roles) in coming decades.
Large-scale electrolysis plants to produce hydrogen will need to adapt their production according to the availability of electricity (because hydrogen is stored energy); this means they are highly compatible with the intermittence of renewables, BUT also that they would produce more optimally on baseload. So new nuclear may well be back on the table.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
by eurogreen on Mon Jun 27th, 2022 at 05:27:47 PM EST
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The thing is that if you looked only in the US you'd have to conclude that there won't be any new trains in the west, because they are ruinously expensive. But at least half the European countries still have the institutional knowledge of how to lay down tracks. Nuclear is similar, except as far as I can tell no one in the west still knows how to do it routinely. And if you start from an insufficient institutional basis you'll get McKinsey'd to death. But that is true about everything.
by generic on Tue Jun 28th, 2022 at 08:30:02 AM EST
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