In Clean Energy

CleanEnergy

Photo: Malou Rose

Presently the world’s population consumes approximately 15 terawatts of power (a terawatt is 1000 gigawatts & a gigawatt is the capacity of the largest sort of coal-fired power station). By 2050, power consumption is projected to be up to 30 terawatts.

Due to how inexpensive coal is, the clean energy alternatives are not as yet cost competitive for the most part.

The Intergovernmental Panel on Climate Change (IPCC) – United Nations appointed group of scientific experts, say fossil fuels should carry a tax of $20 – $50 for every tonne of CO2 they generate to pay for the environmental effects of burning them.

If that occurred, as is happening in Europe through their cap & trade system, wind based electricity would already be competitive with fossil fuels and others would be coming close. Failing that, special treatment for alternatives is probably the least bad option and need to be withdrawn when no longer necessary – the subsidies & mandates offered to renewable sources of power, i.e. wind turbines, often just level the playing field.

Some subsidies amount to unwarranted market-rigging. Others though, such as the requirement that a certain amount of electricity be derived from non-fossil-fuel sources, make no attempt to pick particular technological winners. They merely act to stimulate innovation by guaranteeing a market to things that actually work.

If clean energy can compete on cost, the poor and the rich countries would likewise adopt them.

The clean energy field requires continued innovation.

Biofuels

Carbon Capture & Storage

Geothermal

Nuclear Power

Clean Cars

Solar Power

Wind

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