It’s fairly easy to make renewable energy look like a pipe dream, and misguided attacks on clean energy is doing just that: making renewables look too costly, too sporadic; not merited because it’s not competitive with fossil fuels, or that it won’t create jobs.
These petty strikes against the renewable energy industry don’t even remotely mesh with what we know is true about clean energy, and Think Progress recently published an article pointing out what you really need to know about the value of renewable energy.
1. Clean energy is competitive with other types of energy: Renewable energy is affordable now. Not tomorrow, not next year. Now. Even with the price of natural gas being inordinately low, these cheap prices are unsustainable, like any nonrenewable resource, supplies will dwindle, and prices will rise. But renewable is staying competitive: with the help of bigger turbines, and increased reliability, some wind developers are signing power-purchase agreements in the 3 cents a kilowatt-hour range, which is far cheaper than any other new power source. The same industry maturity is occurring in solar with California solar developers signing contracts for power costing less than that of a natural gas plant.
2. Clean energy creates more jobs than fossil fuels: Renewable energy job creation outstrips fossil fuels 3 to 1. Not only does the renewable energy sector create more jobs, they create better jobs: twice as many medium to high credentialed jobs are being created in the clean energy economy with wages being about 13% higher, and almost half of these jobs employ workers with less than a four year college degree. Aside from these facts, the clean energy industry is actually growing by a rate of 8.3% which is more than can be said about the overall economy.
3. Clean energy improves grid reliability: Yes, it’s true that if the wind isn’t blowing or the sun isn’t shining then power isn’t going to be generated. But, that doesn’t mean that renewable energy isn’t a viable option for large scale power production. For instance, predictability of wind power would be easier to manage if there was more of it and energy could be delivered without interruption to the grid. Any additional costs for backup generation would be small (less than 10%) and would have little to no effect on consumer power costs.
4. Fossil Fuels have gotten 75 times more subsidies than clean energy: From 1994-2009 the fossil fuel industry received $446.96 billion in subsidies where as in that same time frame renewable energy received $5.93 billion. A study showed that in the early years of the fossil fuel industry, oil and gas producers received federal subsidies making up one half of a percent of the budget. This amount may seem small, but compare that with the one tenth of a percent of federal spending that’s used for renewables. If more subsidies were dedicated to renewable energy instead of the fossil fuel industry, clean energy would become even more cost effective than it is now.
Renewable energy could be an engine for economic growth and a pathway into a sustainable future, but false information that undervalues its potential could really set up road blocks. It’s important to realize the merit behind renewable energy, not only is it affordable and cost effective, but we can make it reliable on a large scale while creating jobs and with more investments from the federal government, we can more forward into a clean energy future.