It would no longer be necessary to sell sustainably generated power at a higher
price than fossil fuel generated power.
(While sustainably generated electricity is sold at a higher
price than fossil fuel generated electricity — and this is a form of subsidy — it does not receive the numerous hidden subsidies that fossil fuel power gets.)
Not exact matches
Rive argues that when the factory is up and running it will be able to produce high - output PV cells at about 55 cents a watt — about a 20 % reduction from current
prices, which will help Rive get closer to his goal of making solar cheaper
than fossil fuels.
Making Solar Cheaper
Than Fossil Fuels In the long run, all this wrangling with utilities won't do Rive much good if he can't beat them on
price.
We predicted falling
prices would make solar energy cheaper
than fossil fuel in most states; that was overly exuberant.
But ten years later, the
price would be four per cent lower
than it will be under continued
fossil fuel generation.
«What's more, biorefineries have trouble competing with low oil
prices» — since biofuels are two to three times more expensive
than fossil fuels.
That's been the goal of solar panel makers for a long time, because as those
prices decline electricity from the sun costs the same as, or is even cheaper
than electricity from burning
fossil fuels.
In the meantime many contracts are being signed for electricity from solar energy at less
than half the
price of electricity from
fossil fuels, even on an unsubsidized basis.
I doubt that politicians truely understand the problem at hand, it is not as if we have a new energy technology ready to fill in for
fossil fusl at the present time and whilst I am sure
than energy efficiency can reduce carbon emissions by around 25 % it will be left to the markets to decide this and that means awaiting the onset of peak
fossil fuels to push up the
price of it that will make other energy sources more viable.
, this means more
than anything else that we should advocate removal of the wet blanket suffocating risk - reducing action throughout the economy --- that suffocating wet blanket being
fossil fuels sold at
prices that omit their worst costs.
A carbon tax will make
fossil fuel prices come closer to covering full cost, incorporating some of those
fuels» currently - excluded costs: our dependence on and enrichment of oil - country despots, huge military costs of protecting distant oil operations and transport, health costs from emissions other
than CO2, etc., etc., etc.....
what drivel... the timing couldnt be better (for Rs) when oil
prices are sky high and here is AlGo, the quintessential hypocrite who burns more
fossil fuels and consumes more power
than most would in a lifetime, propgandizing to the opposite...
Suffice to say that when you factor in all of the government subsidies and «externalities» (increased health costs from respiratory sickness, environmental degradation, etc; the stuff that we all have to pay for maybe not from our wallets but in our tax returns), the true
price of
fossil fuels is much, much higher
than any individual or company pays.
In more
than 30 countries, electricity produced through solar and wind energy is the same
price or cheaper
than any new
fossil fuel capacity, the report, released last Wednesday, noted.
«Along with new policies that spur competition in several other countries, this Chinese dynamic has led to record - low announced
prices of solar PV and onshore wind, which are now comparable or even lower
than new - built
fossil fuel alternatives.
Not so with CO2E; the
price of CO2E is demonstrated by the BC case to be up to some five times more sensitive
than the
price of the
fossil fuels it is attached to.
While
prices for biomass
fuels are lower
than fossil fuel prices and have generally remained stable, rapidly increasing demand may push
prices up in the future.
By some estimates, I - 732 would raise gasoline and electricity
prices less
than 15 percent by 2040 in Washington State — hardly enough to jumpstart an urgent, sweeping phase - out of
fossil fuels.
With gasoline
prices approaching $ 4 / gallon,
fossil fuel shortages, unrest in oil producing regions around the globe and mainstream consumer adoption and adoption of the hybrid electric car (more
than 140,000 Prius» sold this year), this story couldn't be more relevant or important.
Mandates and subsidies for
fossil -
fuel intensive biofuels such as corn - derived ethanol are so large that eliminating or reducing them would almost certainly do more
than a carbon tax to curb these
fuels» artificial
price advantage.
C. Technically, it is still possible to solve the climate problem, but there are two essential requirements: (1) a simple across - the - board (all
fossil fuels) rising carbon fee [2] collected from
fossil fuel companies at the domestic source (mine or port of entry), not a carbon
price «scheme,» and the money must go to the public, not to government coffers, otherwise the public will not allow the fee to rise as needed for phase - over to clean energy, (2) honest government support for, rather
than strangulation of, RD&D (research, development and demonstration) of clean energy technologies, including advanced generation, safe nuclear power.
Moreover, they drive climate change by encouraging the consumption of polluting
fuels while tilting the playing field against renewable power and energy efficiency:
Fossil - fuel subsidies are five times greater than renewable energy subsidies, and they inflate domestic demand and discourage energy efficiency through artificially low energy prices, undermining the energy security of fossil - fuel importing coun
Fossil -
fuel subsidies are five times greater
than renewable energy subsidies, and they inflate domestic demand and discourage energy efficiency through artificially low energy
prices, undermining the energy security of
fossil - fuel importing coun
fossil -
fuel importing countries.
The analyses published in Nordhaus (2008)[2] show the «cost competitive alternative to
fossil fuels» policy (called «Low - cost backstop policy») is far better
than the «Optimal carbon
price» policy.
But he didn't complain, other
than to point out that the exponential part of their law was weakening lately with the 1974 oil crisis and increasing
prices for all
fossil fuels, with which I fully agreed.
But if you use the argument that nuclear is too expensive because it is 12 % higher cost
than fossil fuels, can you tell me how much more expensive is the synthetic biology
fuel you are advocating
than current
fuel prices (delivered to the consumer)?
The reason both countries, who have large readily available coal reserves are so heavily reliant on
fossil fueled electricity generation is because, without carbon
pricing, it's slightly cheaper
than nuclear power.
If TCR / ECS are lower
than assumed by IPCC experts, and if we use resource limits on oil, gas and coal (rather
than using the hyper cornucopian figures used in RCP8.5), then the market, emerging technology driven by higher
fossil fuel prices will reduce emissions to have concentration peak at ~ 630 ppm (that's a rough estimate).
The up - front investments are expensive, but savings will begin to exceed those costs by 2040, and even sooner if oil
prices rise faster
than expected, or if we factor in the costs of climate change and the impact of burning
fossil fuels on public health.
I know many on this site beleive peak oil is a bigger threat
than global warming, but I can't help but think the 20 - 100 year time lag between CO2 release and maximum effect is a far less addressable
than issues of increasing
fossil fuel prices.
And if in the future gas
prices are higher
than anticipated, renewables become even more cost - effective and reduce our exposure to those volatile
fossil fuel price spikes going forward.
(It bears noting that the technologies are cleaner
than fossil fuels, and therefore create fewer pollution costs for society, many of which are not counted in the
price of electricity.)
Fuel price is far more stable than fossil fuels because the fuels is effectively unlimited and the fuel price is effectively irrelevant anyway because it comprises only about 5 % of the cost of nuclear generated electric
Fuel price is far more stable
than fossil fuels because the
fuels is effectively unlimited and the
fuel price is effectively irrelevant anyway because it comprises only about 5 % of the cost of nuclear generated electric
fuel price is effectively irrelevant anyway because it comprises only about 5 % of the cost of nuclear generated electricity.
But capping emissions on a fixed schedule would produce its own uncertainties: if alternatives to
fossil fuels (e.g., renewables, efficiencies, carbon sequestration) materialized more slowly
than planned, demand would not be met and
price rises would ensue.
This Pollyanna view of
fossil fuel alternatives and efficiency, which makes going green seem cheap and easy — little more
than the cost of «a postage stamp a day» — has provided the justification for green - policy advocacy that has overwhelmingly focused on pollution regulations and carbon
pricing while ignoring serious investment in energy research and development.
It's our dependency on
fossil fuels which is driving energy bill
prices up, aided along the way by the stealth taxes that have been applied to energy bills by successive governments (but by no government more
than this one).
Oil
prices will continue to drop,
fossil fuels will continue to supply more
than three - quarters of world energy use in 2040, and natural gas is expected to grow the fastest impacting on economies, companies, communities, and individuals.
The market has now clearly signaled that
fossil fuel energy will remain lower cost
than «green» energy despite some reductions in green energy
prices in recent decades.
For the moment, large - scale solar and wind are roughly similar in
price and lower
than nuclear and
fossil fuels.
Figure 8 shows our stylized merit order for German
fossil -
fuel (FF) plant over 2024 - 28, assuming a much higher increase in EUA
prices than under our base case.
If we do need to reduce GHG emissions we can replace
fossil fuels much more cheaply
than by further distorting energy markets by introducing carbon
pricing mechanisms.
In the last few years it has made even less given the rapid fall of oil, coal, and natural gas
prices, which have made «green energy» even less economically competitive with
fossil fuels than it already was.
This market would allow Ontario businesses and residents to access surplus clean power at the wholesale market
price of less
than two cents per kilowatt - hour (KWh), which could displace the use of
fossil fuels by using things like dual
fuel (gas and electric) water heaters, and by producing emission - free hydrogen
fuel.
The 50 per cent drop in oil
price over the past year is none other
than a very intentional effort to take off the table very expensive
fossil -
fuel exploration and projects that will not be viable with lower
prices.
Additionally, subsidies don't encourage building where it will do the most good — as discussed below, the location chosen to build a windmill may well be different if motivated by correct
pricing of
fossil fuels rather
than subsidies / mandates.
Fossil Fuel prices aren't tanking for any logical reason: some say it's to stop America drilling for their own reserves and thus it's Geo - political rather
than for any natural limiting factor!
California's two biggest pension funds lost more
than $ 5 billion (U.S.) since June 2014 because of the declining value of their
fossil fuel holdings, while Norway's massive sovereign fund, which has already divested many of its
fossil fuel assets, still lost $ 40 billion between July and August, partly because of falling oil
prices.
Moreover, I would suggest that those of us in «the electorate» who are well - informed about this issue are well aware that changes in public policy — including putting a
price on carbon pollution, directly regulating GHG emissions, and providing effective support for the development and deployment of efficiency and renewable energy technologies on a scale at least comparable to the subsidies that
fossil fuels have received for a century — are far more effective
than the options that any individual can currently choose, and are in fact crucial to making more such options available to all of us.
After all, assuming substantial use of unconventional
fossil fuels (UFFs) in the BAU scenario, suggests a certain amount of insensitivity to
price (assuming UFFs are significantly more expensive
than conventional
fossil fuels).
In the case of solar power, while utility - scale solar is just becoming cheaper
than fossil fuels on the wholesale electricity market, rooftop solar panels have long competed with much - higher retail electricity
prices.