"Renewable" Energy Sources for Electricity Generation Economic Analysis and Outlook
This volume examines the outlook for renewable energy in electricity generation-particularly wind and solar power-as a substitute for conventional fuels such as coal and natural gas. Economist Benjamin Zycher evaluates the central arguments in favor More...
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Publisher: American Enterprise Institute for Public Policy Research
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This volume examines the outlook for renewable energy in electricity generation-particularly wind and solar power-as a substitute for conventional fuels such as coal and natural gas. Economist Benjamin Zycher evaluates the central arguments in favor of policies that would make way for broader use of renewables and concludes that all are deeply problematic. "Renewable" energy sources are not superior in cost to conventional fuels; nor are they less taxing on the environment. The popular argument that increased use of renewables will create "green jobs" is likewise a fallacy-because wind and solar power are costly and inefficient, the net economic impact is a negative one. Zycher concludes that resource-use behaviors emerging from market competition are the best guides to effective, sustainable energy policies.
|List of Illustrations|
|A Summary of Public Policy Support for Renewable Energy in Electricity Generation|
|Appendix to Chapter 1|
|Problems Afflicting Renewable Energy in Electricity Generation|
|Unconcentrated Energy Content|
|Siting Limitations and Transmission Costs|
|Low Availability and Intermittency|
|Central Rationales for Policy Support for Renewables: A Review|
|The Infant-Industry Argument|
|Leveling the Playing Field|
|Adverse External Effects of Conventional Generation|
|The Resource Depletion or "Sustainability" Argument|
|"Green Jobs": Renewable Power as a Source of Expanded Employment|
|Some Implications of the Outlook for the Natural Gas Market|
|About the Author|