Renewable Energy Cheaper Than Coal

Renewable Energy Cheaper Than Coal – Renewable energy brings huge benefits to Colorado. Wind and solar power employ more than 15,000 Coloradans and bring much-needed income to rural areas. The construction and use of wind energy in eastern Colorado counties alone had an economic impact of $2.7 billion. Meanwhile, clean energy saves money by keeping the air clean, preventing pollution-related health problems, and slowing our contribution to climate change.

But over time, it became clear that renewable energy has another major advantage that hadn’t been discussed: it’s cheaper than coal in Colorado and elsewhere in the country.

Renewable Energy Cheaper Than Coal

Take a step back: in 2008, coal powered half of America’s electricity. In seven short years, our energy supply has been cut by a third. While natural gas is responsible for some of this change, wind and solar power still dominate the region. Wind power accounts for 36 percent of Iowa’s electricity generation, the largest share in the state. In Colorado, it is 17 percent, and the sun is 1 percent.

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Renewable energy prices have fallen over the past decade. The cost of building solar has dropped more than 70 percent since 2010. The cost of solar panels can be explained by Swanson’s Law, which states that the cost of solar panels decreases by 20 percent for every pair of solar power. The law reflects something known in economics: new businesses have a steep learning curve and prices fall as they improve. In 2015 – the biggest year for solar installations worldwide – prices fell by 5 to 12 percent. Although solar cannot always compete with coal in the short term, the price depends on the location of the country and the consumer of solar power (citizens or utilities). Meanwhile, the decline continues every year.

When it comes to wind power, saving money is all about physics. Manufacturers of wind turbines have increased in recent years, and engineers have paid attention to wind turbines. This has resulted in significant changes in energy production and efficiency, and reduced the cost of wind power. Wind is the cheapest form of energy available in many US states, including Colorado.

Also, there are many hidden costs that make coal cheaper than new ones. It is expensive for me and with this unlimited resource, when wind turbines or solar panels are installed, wind and solar will be free. When the natural fuel used is free and the only cost is the energy production systems, it is a big step forward for society.

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But we are not the only ones who have seen new things becoming cheaper than coal. Here are business leaders and elected officials who tell the truth:

Ieefa: As Fossil Fuel Prices Skyrocket Globally, Renewables Grow Steadily Cheaper

“We know that our Colorado customers and communities want affordable energy from clean energy sources, and our goal is to provide them with value. The Rush Creek Wind Project is one of the largest wind projects in Colorado with the lowest energy in the state. “

“From 2009 to 2014, the average cost of wind energy fell more than 50% nationwide, and the cost of solar energy fell more than 78%. Natural gas prices are at record lows in the Colorado wind project, the largest . It will employ 350 workers to date and is expected to save taxpayers $400 million over its lifetime.”

“Wind power provides 9,000,000 jobs and more than $13.5 billion in investment in Iowa – all without sacrificing cost or reliability. In fact, Iowa has the most reliable electricity in the nation, and the average cost of energy for all businesses here is lowest sixth). in the nation.”

“Many key markets have reached inflation, and renewable energy will be the lowest form of renewable energy production by 2020.

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“What’s happening in Colorado is what’s happening around the world. It’s an old idea to think of new things as the more expensive option.”

It could be argued that this growth and low prices for renewable energy are helping the federal government. But government investment in new technologies and new industries and businesses is important. As some media noted, these grants are an investment “to reduce the costs of renewable energy by expanding the market and capturing economic opportunities.” Since it is the government, not the government, that employs the person every month, government investment in this industry can begin.

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Renewable energy is not cheaper than coal, but it is important for business. In fact, America has more renewable sources than coal. Nationwide, Americans get twice as much solar energy as coal, and the sun generates about twelve times more energy than the rest of the property. Colorado solar power increased 20 percent from 2015 to 2016 and there are about 8,000 solar plants, and wind power powers 7,100 Colorados. In total, clean energy currently employs 62,000,000 jobs, including 4,600 jobs in coal, oil and natural gas production, and about 1,200 jobs in coal mining.

In addition to jobs, renewable energy, utilities and businesses have a huge impact on our state. As the New York Times said:

The Era Of Cheap Wind And Solar Has Arrived, U Of C Researchers Find

“A clean energy initiative … has enabled utilities to lock in years of low energy costs, create jobs, put hard cash in the hands of farmers to build wind turbines. and many workers looking for new energy attraction.”

Finally, when considering the cost of different types of energy, the biggest costs are not recognized by energy companies or politicians. These are the costs to society of polluting our air and harming our health. Although these costs have been ignored for most of our history, that does not mean they are not important. Solvents or oils produce dangerous pollutants that harm our health and the atmosphere. These include mercury, other toxic metals such as arsenic, chromium, and nickel, which can cause cancer, and acid gases that can damage the lungs and cause asthma, bronchitis, and chronic respiratory diseases. noticed. Coal plants also produce particulate pollution, which is the leading cause of death from heart attacks, bronchitis and asthma.

Figures vary, but researchers estimate these long-term costs to increase the cost of fossil fuels. From 5.7 cents per kilowatt-hour to 26.89 cents per kilowatt-hour. These costs, including economic, health and environmental damages, are passed on directly to society. This includes the public health burden of air and water pollution and increased health care costs for those affected.

Also, when we mine and burn fossil fuels, we release greenhouse gases – especially carbon dioxide and methane – into the atmosphere. These gases are thickening our atmosphere and changing the Earth’s climate, which has long-term harmful effects on all kinds of things on Earth (including ourselves). The economic impact of continuing with business as usual, rather than taking action now to reduce our carbon footprint, is dire.

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Climate Change: Coal Now More Expensive Than Wind, Solar Energy

One of the biggest misconceptions of fossil fuel advocates and lobbyists is that renewable energy is more expensive than coal. While this may have been true 20 years ago, it’s time to put that thought aside. The United States is in the midst of a major clean energy transition. As consumers have access to clean energy and clean air, and as our technology improves, the cost of renewable resources is falling flat. The market is desperate for innovation, and dirty energy is not a smart asset.

Do you think the United States can run entirely on clean, renewable energy? Fossil fuels dominate the world’s electricity supply because, until recently, electricity from fossil fuels was the most abundant. This has changed a lot. In many areas, energy from renewable resources is cheaper than fossil fuels.

As the world transitions to low carbon electricity, energy from these sources is cheaper than electricity from fossil fuels.

Electricity based on current is more efficient than renewable electricity. This has changed a lot in the last ten years. In many parts of the world, energy from renewable resources is now cheaper than energy from fossil fuels.

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, which means that with each doubling of the amount of installed power, their price will decrease by the same amount. The price of electricity from fossil fuel sources does not follow learning curves, so we expect the price difference between expensive fuels and renewable sources to increase in the future.

This is an argument for large investments in the development of new technologies today. Increasing power input has a positive effect on movement.

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