Renewable Electricity Generation

Economic Analysis and Outlook

Business & Finance, Economics, Sustainable Development, Industries & Professions, Industries
Cover of the book Renewable Electricity Generation by Benjamin Zycher, AEI Press
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Author: Benjamin Zycher ISBN: 9780844772233
Publisher: AEI Press Publication: November 16, 2011
Imprint: AEI Press Language: English
Author: Benjamin Zycher
ISBN: 9780844772233
Publisher: AEI Press
Publication: November 16, 2011
Imprint: AEI Press
Language: English

This volume examines the outlook for renewable energy in electricity generation-particularly wind and solar power-as a substitute for conventional fuels such as coal and natural gas. Economist Benjamin Zycher evaluates the central arguments in favor of policies that would make way for broader use of renewables and concludes that all are deeply problematic. "Renewable" energy sources are not superior in cost to conventional fuels; nor are they less taxing on the environment. The popular argument that increased use of renewables will create "green jobs" is likewise a fallacy-because wind and solar power are costly and inefficient, the net economic impact is a negative one. Zycher concludes that resource-use behaviors emerging from market competition are the best guides to effective, sustainable energy policies.

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This volume examines the outlook for renewable energy in electricity generation-particularly wind and solar power-as a substitute for conventional fuels such as coal and natural gas. Economist Benjamin Zycher evaluates the central arguments in favor of policies that would make way for broader use of renewables and concludes that all are deeply problematic. "Renewable" energy sources are not superior in cost to conventional fuels; nor are they less taxing on the environment. The popular argument that increased use of renewables will create "green jobs" is likewise a fallacy-because wind and solar power are costly and inefficient, the net economic impact is a negative one. Zycher concludes that resource-use behaviors emerging from market competition are the best guides to effective, sustainable energy policies.

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