What are the Costs and Benefits of Renewable Energy?


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.

cost of renewable energy

To see Key Quotes and Links to key reports about this post, click HERE

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: