Wednesday, December 30, 2009
THE TRUE COST OF ENERGY
What is the true cost of energy? Gustav Grob of the International Sustainable Energy Organisation for Renewable Energy and Energy Efficiency (ISEO) sent me the following comparison:
You can read one fossil fuel analysis. Then here is Greenpeace reporting on the true cost of coal. Finally, a utility specialist on the true cost of solar PV. There is absolutely no common ground on what true cost really means because there is no standard. It is all in what you consider as important and how much weight you attach to generally nebulous parameters. It almost doesn't matter anyway because these externalities are not included in your energy bill. Planet Earth and Humanity subsequently suffer. If Copenhagen is any indicator, this condition will continue for a long time to come. Incidentally, if you seek colorful powerpoint slides on global warming and sustainable development, Dr. Grob has a presentation on the subject.
The Dow Jones Industrials edged up 3 to 10,549, with world markets mostly down and the Japan Nikkei at 10,546. Gold remained at $1094/toz and crude oil is up to $79/barrel.