Antinuclear

Citigroup analysis finds that renewable energy IS cheaper than fossil fuel energy

Giles Parkinson: Why wind and solar are already better value than fossil fuels.When radio shock jock Alan Jones got the cost of wind energy so horribly wrong in front of a million or so viewers on ABC TV last month, he did more than misplace a decimal point. He repeated an often-made misunderstanding about the costs of energy, and why renewables are already better value than fossil fuels. …

Jones admitted his error, but he remained unbowed on his view of wind energy and renewables in general. Like the Coalition government, its advisors, and other opponents of renewable energy, including elements of the Murdo ch media, Jones is convinced that renewable energy will cause overall consumer costs to soar. But he is wrong about that too.
Citigroup has published a detailed analysis of the costs of various energy sources, and it concludes that if all the costs of generation are included then renewables turn out to be cheaper than fossil fuels and a “benefit rather than a cost to society.”
http://reneweconomy.com.au/2015/why-wind-and-solar-are-already-better-value-than-fossil-fuels-16022 &http://www.dailyclimate.org/t/-71650010666671461

August 25, 2015 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, energy