PROVEN - COST-EFFECTIVE NEW ENERGY WILL STOP CLIMATE CHANGE
Stanford study finds promise in expanding renewables based on results in three major economies; A new Stanford study found that renewable energy can make a major and increasingly cost-effective contribution to alleviating climate change.
Terry Nagel, December 1, 2015 (Stanford News)
“…[A new Stanford study compares the experiences of three large economies in ramping up renewable energy deployment and concludes that renewables can make a major and increasingly cost-effective contribution to climate change mitigation [according to A Tale of Three Markets: Comparing the Solar and Wind Deployment Experiences of California, Texas, and Germany about] the experiences of Germany, California and Texas, the world's fourth, eighth and 12th largest economies, respectively. It found, among other things, that Germany, which gets about half as much sunshine as California and Texas, nevertheless generates electricity from solar installations at a cost comparable to that of Texas and only slightly higher than in California…[It also found that Germany's success in deploying renewable energy at scale is due largely to favorable treatment of ‘soft cost’ factors such as financing, permitting, installation and grid access…[which allows] some countries to deliver up to four times the average deployment of other countries, despite offering only half the financial incentives…[It also found an] increase in the share of intermittent solar and wind power need not jeopardize the stability of the electric grid…” click here for more