Thursday, October 23, 2014

Clean And Expensive

There is a tipping point in the Climate Change debate where clean energy starts competing in price with dirty energy.

Why Solar Is Much More Costly Than Wind or Hydro
no surprise that if environmental costs are considered, renewables—particularly wind power—are a far better bargain than coal power. But it might surprise many that according to a new such analysis, solar power lags far behind wind and even hydroelectric power in its economic impact, at least in the European Union. ........ the economic costs of climate change, pollution, and resource depletion as well as the current capital and operating costs of the power plants ....... a metric ton of emitted carbon dioxide costs around €43 ($55). ...... many of world’s solar panels are manufactured in China, where electricity is very carbon-intensive ...... new coal and natural gas plants in the E.U. have levelized costs of just over €50 ($64) (in 2012 euros) per megawatt-hour (assuming they are running at maximum capacity); onshore wind is around €80 ($102) per megawatt-hour; utility scale solar PV is about €100 ($127); nuclear power is around €90 ($115); and hydropower is as cheap as €10.

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