Comment by epistasis
2 days ago
It's typically called Wright's Law:
https://quickonomics.com/terms/wrights-law/
But it's not a law that applies to all technologies, and it will likely end at some point, but there's at least 1-2 decades of cost decrease left.
There is no law of physics that makes renewables work where there are poor renewable resources, except through transmission, which is usually engineered using several of Maxwell's laws.
I asked which economic law makes ONLY renewables getting cheaper with time. Why couldn't nuclear also get cheaper? Maxwell laws can't help with geopolitics though.
Aha, that meaning wasn't clear to me in your original sentence.
The best research I have seen on why different technologies get their learning rates is from the interviewees of this podcast:
https://www.volts.wtf/p/which-technologies-get-cheaper-over
Some people think that SMRs are a way for nuclear to get on a learning curve, but there's just as many skeptical people as enthusiastic people about that, in my experience.
Natural energy resources are a huge source of geopolitical turmoil since the start of the industrial age. Renewables have the potential to significantly lessen these conflicts compared to what's happened with fossil fuels.
Thanks for the podcast.
>>Renewables have the potential to significantly lessen these conflicts compared to what's happened with fossil fuels.
I'm not too optimistic about it. As usual, on one side you have countries with big renewable sources, the producers and on the other side, you have countries with strong industry, which requires a lot energy, the consumers.
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