If renewable energy prices continue to drop, that would enable greater use of such energy for conversion of CO2 through chemical or catalytic methods.
Not exact matches
So,
if one does want to lower emissions, the choice is not between a carbon
price and nothing, but between a carbon
price and regulations, technology subsidies, higher - cost
renewable energy, or the long list of other tools.
You know, they are manufacturing all that stuff and eventually
if the China
price gets applied to
renewables that may be what makes those
energy sources viable globally.
Ultimately, Kovacs said, because the town does not have a municipal - owned utility — Windham is served by two electricity distribution companies — the best the city can do right now is to choose
renewable energy for government buildings
if the
price is right.
Yet,
if for
price reasons the city decides to go back to «less green» power, that option is slowly incorporating more
renewable energy as New Hampshire's
renewable portfolio standard is incrementally increasing.
«
If you can eat or wear it, invest in it»... Long term 3 factors might drive food
prices up instead: 1) Global warming and weather anomalies; 2) 9 billion people in the planet by 2050 (and then more); 3) Increasing role of biomasses in the
renewable energy sector.
If we'd have a global
price for CO2, we wouldn't have to protect industry from raising costs of
renewable energy and the income produced by selling CO2 certificates could be used to support poor households.
But you can see that
if energy prices, especially for natural gas, stay low for a long period of time, we'll be back in a trance and the imperative for other tougher pushes, whether it's a build - out of
renewables, as Joe Romm would like, or much more R. and D., as I would like, it's just going to be really hard to sustain that.
If the full cost of a barrel of oil and the environmental costs of a ton of coal were reflected in their market
price, many
energy and environmental experts say, that might go a long way toward shifting the balance toward
renewable energy sources.
The
renewables sector warned of a collapse in the
price of
renewable energy certificates, savage writedowns of existing assets and the shelving of planned projects
if the RET was cut.
If you would have large
price peaks that reflect the variable supply of
renewable energy, leaving the refrigerator on when you leave the house on a windless night might ruin you.
* Cloete also thinks California stands a better chance of escaping the European scourge of negative green
energy prices if it does not expand green power beyond its present 20 percent penetration to meet its goal of a 33 percent
renewable energy standard by 2020.
Just to keep the costs in perspective with alternatives here are the alternatives again: — Current EU carbon
price = $ 10 / t CO2 — Estimated abatement cost with
renewable energy in Australia = $ 300 / t CO2 [3]-- Estimated abatement cost with nuclear
energy in Australia = $ 65 / t CO2 — Nordhaus «Low - cost backstop» technology (assumes) = $ 270 / t CO2 [4]-- CO2 Abatement cost
if / when we allow low - cost nuclear = < $ 0 / t CO2 [5, 6, 7, 8, 9]
If you look at
renewables, the money doesn't come from the actual
energy price, it comes from subsidies.
If prices can be brought down or stabilised, as Davey argues, by building wind farms and other
renewables, why can't they be brought down by building more capacity in conventional
energy production?
However,
if environmental impacts such as emissions of pollutants and greenhouse gases were monetized and included in
energy prices, more
renewable energy technologies may become economically attractive.
Even
if switching to natural gas in the short term reduces the US carbon footprint somewhat, it is still not sufficient by itself to put the US on an emissions reduction pathway consistent with its ethical obligations without other policy interventions including putting a
price on carbon or rapid ramp up of
renewable energy.
Again, states have plenty of leeway on how to reduce emissions: they can switch from coal to natural gas, expand
renewables or nuclear, boost
energy efficiency, enact carbon
pricing... And
if states refuse to submit a plan, the EPA will impose its own federal plan, which could involve some sort of cap - and - trade program.
The second problem is that there is a hidden carbon tax - the
renewable energy target - which is pushing up electricity
prices as much,
if not more than, the carbon tax, given there is not any compensation attached to the
price rises the RET causes.
Charts lie this are good for showing the reality of how slowly developments take place and the unlikelihood of a sudden massive breakthrough that suddenly reduces the cost by orders of magnitude (because that is what would be required, and even
if energy storage was free,
renewables like wind and solar would still not be viable at current
prices (or probably ever, IMO) to provide a major proportion of electricity generation.
Gag orders are placed on landowners as part of their turbine - hosting agreements (almost everyone has a
price) and upbeat polls ask
if people favor «
renewable energy» without specifying its ugliest component.
With oil
prices down from where they were a year ago (though rising steadily in the past few weeks) and the constant stream of project announcements in the
renewable energy sector still flowing in I'll forgive you
if you haven't thought about peak oil