Matthew E. Kahn , Professor of Economics at USC provided this insightful post:
Energy engineers are having an interesting fight over whether the US electricity grid can “easily” be 100% renewables (and thus create 0 GHG emissions) in the next 30 years. A prominent Stanford Engineer and his team says “yes” while some important critics say no. In Today’s NY Times (“Economics Scene”) Eduardo Porter sides with the critics. The interesting thing here is that no empirical microeconomists who study energy are part of either research team or are quoted in the NY Times. Yet, at the end of the day — this is a microeconomics issue.
Here are some of the key issues that both the original study and the critique ignore;
1. The land markets?
It would be terrific if wind…
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