I wonder where renewable energy would be if a couple of the sources got the same subsidies as fossil fuels.
Can answer that in part for Germany. Govt subsidies for nuclear in years 1950-2010 were EUR204b, approx $280b. subsidies until phase-out of nuclear in 2022 will be another EUR100b.
Quote from
http://www.greenpeace.de/themen/atomkraft/nachrichten/artikel/atomkraft_mit_304_milliarden_euro_subventioniert/:
Zu den realen Fördermitteln von 204 Milliarden Euro gehören direkte Finanzhilfen des Bundes, Forschungsförderung, Kosten für die Atommüllendlager Asse II und Morsleben oder für die Stilllegung der ostdeutschen Atommeiler. Hinzu kommen Steuervergünstigungen in der Energiebesteuerung und durch die Regelungen bei den Entsorgungsrückstellungen sowie Zusatzeinnahmen der AKW-Betreiber durch den Emissionshandel.
Translation:
The subsidies of EUR204b include direct federal financial support, R&D funding, expenses for nuclear disposal sites Asse II and Morsleben, and decommissioning of the east German nuclear power plants. Add to that tax benefits and regulations for deferred liabilities for nuclear waste disposal, plus income from nuclear plant operators participating in CO2 cap and trade.
As of today, this bought us 12GW of nuclear electric power, producing 105TWh of electricity per year, plus 12,000 tons of highly active nuclear waste sitting and waiting for safe disposal.
From year 1990 on some 19GW of photovoltaic and 27GW of wind power were installed, contributing 48.5TWh to the total of 620TWh produced last year (source
BDEW). So 1GW renewable generation capacity roughly earns 1TWh energy per year.
I estimate historic average of costs of EUR 5000 per kW solar power and EUR 2000 per kW wind power, for a total cost of EUR 150b.
These investments brought costs down to EUR 1300 per KW (large solar farm) and EUR 800 per kW (large wind mill). Sources for current costs in Germany for
solar and
wind
If nuclear govt subsidies went to these technologies instead, they would have made a massive contribution to bringing down costs. That's why I calculate them being invested
as with today's costs. For a healthy mix of 2:3 solar and wind, we spend
EUR 1000 per kW, and I arrive at
204GW renewable generation capacity that govt subsidies would buy us today - giving nearly 4 times the installed capacity, and earning an additional 200TWh per year - with the double output of nuclear power plants today and no waste.