Author Topic: Addressing climate change  (Read 6930 times)

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Offline TimG

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Re: Addressing climate change
« Reply #30 on: May 25, 2019, 09:45:36 pm »
Lazard's analysis is based on a measurement known as the levelized cost of energy analysis (LCOE), which is a way of calculating the total production cost of building and operating an electricity-generating plant.
It omits the cost of backup power for renewables because including such a cost would require assumptions about the type of back up power. This means the number is meaningless. It also adds arbitrary fudge factors to "account" for CO2 emissions which have nothing to do with the real world cost of producing electricity.
« Last Edit: May 25, 2019, 09:47:26 pm by TimG »