Physically that’s not the case.
Scaled up nuclear power could be had for $3-4B a gigawatt/h. We waste say $1T a year on basic things, like not having universal healthcare. So a simple policy change would let us build about 300 reactors a years, after some scaling period. The excess energy can be used to turn C02 back into oil.
It’s not technically that difficult, we just chose to waste money on stupid things and rich people toys instead.
Energy abundance is simply the choose to build nuclear power plants at scale