The Net Benefits of Low and No-Carbon Electricity Technologies (38 page pdf, Charles R. Frank, Jr., Global Economy and Development Working Paper 73, Brookings Institute, May 2014)
Today we review a research paper that examined the costs and benefits of various non-carbon energy sources, as opposed to oil and gas alternatives, under a number of carbon tax scenarios. Several factors are clear: the benefit of a stable base power or capacity as seen in either natural gas or nuclear outweigh the much lower carbon emissions from solar and wind- to the point that with a $100 per ton carbon tax, nuclear is the favoured option over wind and solar at #4 and #5. If the carbon tax is lower, solar and wind benefits are much much lower than from the other fuel sources. The case for a higher carbon tax is clear if any hope of reducing carbon emissions is to be satisfied.
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