Articles on cost of renewable energy

Tony Abbott said Prime Minister Tony Abbott told the Labor Party's commitment this week that by 2030 the labor's promise to cover half of the domestic electricity with renewable energy implies a large claim of probably more than $ 60 billion to be borne by Australian consumers It was. "Is that correct?"

In the coming years it is no doubt that renewable energy will become a true competitor of the fossil fuel industry. A new report recently announced by the International Renewable Energy Agency (IRENA) predicts that the cost of renewable energy will drastically lower by 2020 and will be comparable or cheaper than fossil fuels. Currently, the fossil fuel power generation costs of the G20 countries range from 0.05 dollars to 0.17 dollars per kWh in the United States, UK, Russia, Japan, India, Germany etc. However, by 2020 the cost of renewable energy is expected to be 0.03 dollars per kWh to $ 0.10 dollars, and by 2019 the price of land-based wind power generation and photovoltaic (PV) projects will be lowered to 0.03 dollars per kWh It will be.

Changing renewable energy means stabilizing global energy prices. This is because the cost of renewable energy depends on the initial cost of introducing renewable energy technologies, not fossil fuels. These will increase or decrease based on current inflation and resource availability. The government need only respond to the initial cost, that's it. This is a wise way. If we assume that the government constructs more renewable energy facilities, people will enjoy health benefits. According to a survey by the US Environmental Protection Agency, the annual cost of Americans to overall health of the population is about $ 361.7 to $ 866.5 billion. Most of this budget is used to alleviate and treat diseases related to the use of fossil fuels, such as heart disease, cancer, nervous system diseases.