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The article presents a misleading analysis of renewable energy costs, which needs correction for a rational discussion on energy and decarbonization. The LCOE
by Herz 2y ago
The article presents a misleading analysis of renewable energy costs, which needs correction for a rational discussion on energy and decarbonization.
The LCOE measures overall production costs but overlooks availability and reliability. This is problematic for intermittent sources like solar and wind, which can't ensure continuous production. For instance, solar energy isn't feasible at night, necessitating backup sources like gas, coal, or nuclear. It's worth considering the immense lithium required for a 100% solar-powered country.
If renewables were the most cost-effective, private investors would already favor them. Yet, investments continue in gas and coal due to their reliability and continuous output, essential for economic stability.
Countries like Germany have replaced nuclear reactors with coal plants, despite their decarbonization goals, and India relies on fossil fuels for economic growth.
Misleading articles hinder decarbonization efforts. It's crucial that energy discussions are grounded in concrete data and rational analysis to advance towards a sustainable future.