Celebrating humanity's flourishing through the spread of capitalism and the rule of law
01 Aug 2014 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: bootleggers and baptists, global warming, green rent seeking, solar power, wind power
Paul Joskow pointed out that these costs do not take account of the costs of intermittency: wind power is not generated on a calm day, nor solar power at night. Conventional power plants must be kept on standby. Electricity demand also varies during the day in ways that the supply from wind and solar generation may not match.
HT: The Economist via Sinclair Davidson
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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