We will also be able to significantly reverse environmental degradation (including, as a minor aside, powering bitcoin on equipment that is no longer coal-fired).
We've had the technology to do this for forty years. It's just not being developed, and it won't in the current geopolitical environment. It's wishful thinking to believe that wind, water and solar are ever going to be able to run our modern industrial economies. Nuclear power is simply required if we really desire to move away from using coal.
Nuclear power creates waste though, it's an unrealistic solution for the very long term. It's certainly better than the fossil fuels used now but the waste has to go somewhere. I don't think storing trillions of tons of nuclear waste underground is in humanities best interest. More efficient methods of solar, water and wind energy can be created. Baby steps man, these problems aren't going to be fixed overnight. It's going to need to take some effort from everyone of us.
I wasn't talking about the uranium fuel cycle, I was talking about the thorium fuel cycle. Even with U235, up at least until the latest screwup in Japan, and likely even afterwards, all of the radioactive materials released into the environment by all of the nuclear power facilities, all over the world and since the dawn of the nuclear age is less than the radioactive materials that are released into the environment
every single year bye the burning of coal worldwide. Yes, burning coal is
known to be worse for ratioactive waste materials than the entire nuclear power industry, and that doesn't even consider all of the other bad effects of burning bitumous coal for power. The accumlation of nuclear waste is a well known problem; and is handled (or not handled, as one may look at it) in the US the way that it is for a particular, strategic reason. Europe and most of the rest of the world will generally "process" spent fuel rods to remove the 'hot' fission byproducts from the fuel, and then recycle the remainder of the useable fuel back into their domestic fuel cycle; as a typical reactor fuel rod will still be about 1.5 to 2% fissile U235 when the critical reaction can no longer be maintained for useful power production, no matter what the concentration was at the beginning of the fuel rod's service life. So Europeans generally encase the fission products into leaded glass balls about the size of a softball, and store those products forever. The amount of long term storage space, using this method, is incrediblely small; however the term period is incrediblely long, considering the high concentration of risk. In the US, we (deliberately) don't process spent fuel rods, instead we just pretend to store them forever. The reason for this is strategic, not economic. You see, the US does not have any viable uranium mines from which to extract weapons fuel in the (considered rather remote at the time, and it still is) event that we are cut off from our primary source allies, Canada and Australia. The massive 'long term storage facility' that has never been opened in Nevada isn't really intended for storage of materials for 10K years, nor would that be neccesary. The storage facility is basicly an artificical mine, that the US military could draw upon under such very unlikely conditions. If those conditions are never met, it's highly likely that the US nuclear power industry would demand access to the stored materials in the future, in the event of some 'uranium energy crisis' if the cost of refining and importing refined fuel from other nations ever exceeds the cost of simply processing and re-refining the stored 'spent' fuel.
However, since thorium is three times as abundant than uranium in the Earth's crust, and 100% of thorium is fissile (compared to roughly 1.2% of uranium) switching to a thorium fuel cycle, again a tech that we have known about for 40 years, would easily power our modern industrial economies for 10's of thousands of years at the current burn rate, even if every human being on earth today consumed energy at twice the rate of the average American today.
Oh and this guy disagrees with you. Not saying you don't know what your talking about but i don't know where you came up with that conclusion. I also think this man has a little more experience in the area. Not to say people haven't been wrong before.
"Based on our findings, there are no technological or economic barriers to converting the entire world to clean, renewable energy sources," said Jacobson, a professor of civil and environmental engineering. "It is a question of whether we have the societal and political will."
Actually, that's generally true; there are no technological (and likely no economic) barriers torunning the entire world on renewable resources. But while there are no barriers, that doesn't mean that there are no limits. The greatest issues are political & social. While it is scientificly possible to power all of the world using only a km wide band around the whole of the equator of solar cells, it's not actually possible to build that many solar cells using the science that we have and the resources that we are aware of. The problem here is that almost all electronics require trace elements commonly called "rare earth minerals" in order to manufacture the semiconductors required. Solar cells, and some kinds of modern batteries, require an awful lot of these rare minerals. This is one reason that China is the only place affordable solar cells are produced, because of all of the "rare earth" mines in the world, over 90% of the
known resources happen to exist within the borders of the Middle Kingdom. If you thought our dependency on oil was a geopolitical conundrum, this is
way bigger. NASA literally cannot build a spacecraft without underpaid miners in China, and no one else can either, because the "rare earth" mines in the US, Europe and Russia are tapped out or nearly so. The problem is similar for windpower, due to the need to use fancy inverters to produce mains power from unpredictable wind resources. Waterpower isn't so affected, but then the 'low hanging fruit' of productive capacity in this arena has long been utilized; and further projects face a case of diminishing returns, particularly with regard to the popularity of harming natural ecosystems with flooding for reserviors for power storage. Some site can, and many already do, use 'run of river' waterpower methods, but these suffer from the similar issues with weather unpredictablity as windpower.
And none of that even considers the NIMBY social issues that any grand scale geoengineering projects would have to overcome first. One of the most promising wave energy sites has been tied up legally for over a decade because construction would disrupt the view from the beachhouse of a US senator. Renewable energy projects of the scale required would, quite literally, be
everywhere. Good luck with that.