![]() government has subsidized oil and gas for decades to the tune of tens of billions of dollars a year. But this is why the federal government intervenes: to give new models for energy generation a chance to develop and scale before the markets around them have fully developed. Now, some of wind and solar's competitiveness is tied to federal subsidies, including the boost provided by 2022's Inflation Reduction Act. It's all enough to make you wonder whether we should pursue a near-to-mid-term energy strategy that stands on three pillars: Wind-Solar-Nuclear. Combined-cycle natural gas is next at $39, while coal is at $52. On-shore wind and big solar are at $24 per megawatt hour, while nuclear comes in at $31. Lazard Asset Management published its 2023 report on the "Levelized Cost of Energy" this month, in which it found "selected renewable energy generation technologies are cost-competitive with conventional generation technologies under certain circumstances." Another way to look at it is that wind, utility-scale solar, and nuclear are the cheapest forms of energy in this analysis. UNAPOCALYPSE is a series from Esquire that highlights ways humans can mitigate and adapt to the damage caused by a changing climate. But there are also very smart people working on clever ways for us to dig ourselves out of the hole we’re in. We’ve heard an awful lot of awful news when it comes to the climate crisis.
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