They doth protest too much?:(
According to the latest research from Bloomberg New Energy Finance, electricity from wind power can now be supplied more cheaply in Australia than power from either coal or natural gas — and solar and other forms of renewable energy aren’t far behind.
Older coal-fired power plants from the 70s and 80s still compete at lower prices than renewables — but only because their construction costs have depreciated. For the deployment of any new power generation in Australia, renewables now appear to be the way to go.
Australia currently charges polluters $23 in Australian dollars per metric ton of carbon they emit, but the study concluded that wind power would still undercut fossil fuels even without that correction of the market’s failure to properly build in the costs of carbon pollution....Climate Progress
Using the most sophisticated climate model available, researchers show there's plenty of wind for clean-energy economyEureka Alert
If the U.S simply committed to building out the transmission infrastructure, the Department of Energy (DOE) believes that currently existing renewable energy technology “is more than adequate” to supply up to 80 percent of the nation’s daily electricity use by the year 2050, a new study has found.
Put together by the DOE’s National Renewable Energy Labratory, the study is the largest-ever to examine the nation’s potential renewable energy capacity. It predicts that while fossil and nuclear fuels will still be needed in 2050, they won’t continue to supply the more than 60 percent of America’s energy they do today.
The U.S. Energy Information Center noted that in the 12 months ending in March 2012, coal, natural gas and nuclear were still by far the most relied-upon sources of power, with coal coming out on top, accounting for more than 40 percent of U.S. electricity generation. But provided the U.S. has the political will and the private sector motivation to build out the transmission grid, the DOE believes wind power will become a dominant a force in the U.S. energy market.
Combined with solar, the two technologies could supply up to 50 percent of daily U.S. electricity use on their own, the study found. The DOE also noted that all regions of the U.S. have roughly equivalent opportunity for renewable energy exploration, with offshore areas being prime real estate for wind energy generation.
The greatest challenge foreseen by the study is growing the transmission capabilities for wind energy, which must expand beyond 439 gigawatts [from the present 50] if the DOE’s numbers are to ever be fulfilled.Read it at Raw Story
Solar energy will become competitive in 10 years and the world is set to enter the solar/hydrogen fusion era in 20 years, renowned theoretical physicist Dr Michio Kaku has told Gulf Times.
“The falling cost of solar, hydrogen, renewable, wind power, geothermal power and the rising cost of fossil fuels will cross within 10 years, causing market forces to kick in and push solar and then in 20 years, fusion power becomes a possibility,” he predicted
