Tag Archives: social cost of carbon

Solar and wind cheaper than fossil fuels –more evidence

The most cost-effective power sources are solar and wind, re-affirms a study that includes social costs, such as the environmental costs of the climate change caused by CO2 from fossil fuels (the social cost of carbon, or SCC), and the health damage caused by sulfur dioxide pollution. It’s time to stop paying for utility executive profits with our health and dollars. No fracking, no pipeline.

M Caulfield wrote for Exposing the Truth 24 September 2013, Renewable Energy Now Cheaper Than Fossil Fuel,

168292900_900x675[1]Renewable energy is becoming more and more competitive. Alternative and renewable energy sources are increasingly becoming more affordable. According to a new study published in the Journal of Environmental Studies and Sciences, it is now less costly in America to get electricity from wind turbines and solar panels, than it is to get it from coal-fired power plants. The study shows, when climate change costs and other health impacts were factored in, that it is even more cost effective to convert an existing coal-fired power plant with a wind turbine, than it is to keep the old fossil fuel-burning plant.

Unsubsidized renewable energy is now cheaper than electricity from coal and gas power stations in Australia as well. Wind farms in Australia can produce energy at AU$80/MWh. Meanwhile, coal plants are producing energy at AU$143/MWh and gas at AU$116/MWh. And the myth that alternative energy sources were enormously more costly than the typical fossil fuels, is proving to be untrue. And after initial investment costs are waged, making them now ameliorated, and the raw materials for solar and wind power are free, besides costs of upkeep, and the harvesting of those sources doesn’t cause mayhem to the environment. Making it an ever-more appealing alternative energy source.

“The perception that fossil fuels are cheap and renewables are expensive is now out of date… The fact that wind power is now cheaper than coal and gas in a country with some of the world’s best fossil fuel resources shows that clean energy is a game changer which promises to turn the economics of power systems on its head,” – Michael Liebreich, chief executive of Bloomberg New Energy Finance.

In lead author Laurie Johnson’s Blog 17 September 2013, New Study: Clean Energy Least Costly to Power America’s Electricity Needs, Continue reading