A study by Bloomberg New Energy Finance (BNEF) in Australia has discovered that renewable energy is cheaper to produce than the old conventional fossil fuel sources, and that is without the subsidies.
The study shows that electricity can be supplied from a new wind farm at a cost of AUD 80/MWh
One of the more solid tenets of Big Oil dogma has always been that carbon pricing, whether a simple tax or a market-based cap-and-trade system, is terrible and conservatives must stand in unison against it. Daily Caller reporter Michael Bastach, a former Koch Institute Intern, confirmed this recently: “This vote against a carbon tax in the (American
Carbon credits are created by emissions controls and by other manufacturing practices and they can be sold to other facilities to offset emissions that cannot be economically reduced. These are attractive when a facility cannot meet a new regulation, and is near the end of its useful life, making it uneconomic to install expensive new emissions controls. Carbon credits
A study quantifying each nation’s contribution to global carbon emissions based on its role in the supply chain of energy production — from resource mining to burning of fuels — suggests that pricing carbon at the point of extraction would simplify global efforts to curb emissions.