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The $/mwh for renewables is only part of the story. The intermittency costs they impose on the system as a whole is higher than the direct cost of producing the
by bobcostas55 7y ago
The $/mwh for renewables is only part of the story. The intermittency costs they impose on the system as a whole is higher than the direct cost of producing the energy, and the only way to solve this is through improving battery technology by orders of magnitude. Additionally, the intermittency costs per mwh will increase as the share of renewable energy increases.
In general, renewable energy investments right now are completely irrational in terms of the environmental impact, as they cost up to 10x more than the total social cost of the carbon emissions they are displacing. (And also much more than _current_ carbon sequestration tech!) [0]
[0] https://bfi.uchicago.edu/wp-content/uploads/BFIEPIC_WP_201962_v3.pdf https://bfi.uchicago.edu/wp-content/uploads/BFIEPIC_WP_20196...