Friday, October 17, 2014

'Wind power is cheapest energy, EU analysis finds'

The Guardian writes about a new report that finds that when including externalities from energy production (health/pollution/carbon costs etc) wind energy comes out rather favourably.

The article mentions that there are more reports to be expected in the near future coming up with their own estimate.

The trick is always to come up with prices that are not observed. For instance, Earlier this week we listened to a presentation that suggested that the social cost of carbon was 10x higher than the usually suggested $30/mtc just because uncertainty around climate outcomes had not been factored. 

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