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(DCNF)—Environmental activists celebrated the closure of a key nuclear power facility in New York state, but the state’s power sector emissions have increased in the years since the plant shuttered.
State officials finally closed the Indian Point nuclear facility in 2021, a development that climate activist groups commended because of purported safety and environmental risks posed by the facility. However, about three years after the plant shuttered, the state has seen a sharp increase in the greenhouse gas emissions attributable to power generation due in large part to increased reliance on natural gas to make up for the closed plant’s output, according to a March 2024 analysis conducted by JP Morgan.
“In 2020 and 2021, New York State shut down Indian Point’s nuclear plants with the intention of replacing its generation with renewable energy,” JP Morgan wrote in its analysis. “That’s not what has happened so far: three new natural gas plants (Bayonne Energy Center, CPV Valley Energy Center and Cricket Valley Energy Center) have filled the gap along with mostly gas-fired electricity imports from states like Pennsylvania.”
Dems Who Shrieked About Climate Apocalypse Voted Against Bill Promoting Emissions-Free Nuclear Powerhttps://t.co/KWk0oN08HW
— Daily Caller (@DailyCaller) February 29, 2024
New York state has established goals of producing 70% of its electricity with green generation by 2030 and having its grid reach zero-emissions by 2040, according to the New York State Energy Research and Development Authority (NYSERDA). Proponents of the Indian Point closure frequently asserted that the retirement of zero-emissions nuclear generation presented a prime opportunity for green energy to step up in the void, but JP Morgan’s analysis demonstrates that natural gas and imports have plugged the gap much more than wind or solar, for example.
This outcome is not the one that environmental activists cheering the plant’s closure expected.
“Once Indian Point is closed, we won’t need to rely on fossil fuels to make up for its energy. Peak demand in the region will have declined by more than the 2,000 megawatts the plant generates, and the replacement power will be carbon neutral as the State further increases its clean energy investments,” Paul Gallay, the president of Riverkeeper — an organization that was involved in the 2017 agreement to eventually shutter Indian Point — said in a statement after the agreement was finalized. “There will be little impact on electricity bills — between $1 and $2 dollars a month — which is a small price to pay for minimizing the risk that this plant poses. Going forward, new efficiency and renewable energy projects will drive still greater savings for consumers, thanks to aggressive energy investments by the state. It’s a new day for New York and the Metro region.”
Natural gas has largely filled in the supply gap opened by Indian Point’s retirement rather than the wind, solar and hydro power projects that officials planned to pick up the slack, the JP Morgan analysis demonstrates.
The change in New York’s energy profile has also altered the emissions intensity of its energy, especially the energy fueling New York City and Long Island, according to JP Morgan.
In 2019, before the plant was shut down, the power fueling New York City and Long Island emitted less than 600 pounds of carbon dioxide for every megawatt hour (MWh) of electricity generated, a figure well below the U.S. average and the average carbon intensity of electricity powering Texas, according to JP Morgan. At the end of 2022, the electricity flowing to New York City and Long Island emitted nearly 900 pounds of carbon dioxide per every MWh generated, significantly more than the averages of the U.S. writ large and of Texas.
“While Texas is more ‘red’ than New York City, it’s now more ‘green’ as well,” the JP Morgan report states.
The carbon intensity of the electricity keeping the lights on in New York state’s most densely-populated area is not the only metric to have increased since Indian Point shut down.
In March 2021, the month before officials shuttered Indian Point for good, electricity in New York City costed consumers about 15 cents per kilowatt hour (KWh) on average; as of December 2023, the average cost per KWh of electricity in New York City had increased to nearly 18 cents, according to data aggregated by Y Charts. That jump represents an increase of approximately 20%.
The New York Independent System Operator did not respond immediately to request for comment.
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Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
