This volume examines the outlook for renewable energy in
electricity generation-particularly wind and solar power-as a
substitute for conventional fuels such as coal and natural gas.
Economist Benjamin Zycher evaluates the central arguments in favor
of policies that would make way for broader use of renewables and
concludes that all are deeply problematic. "Renewable" energy
sources are not superior in cost to conventional fuels; nor are
they less taxing on the environment. The popular argument that
increased use of renewables will create "green jobs" is likewise a
fallacy-because wind and solar power are costly and inefficient,
the net economic impact is a negative one. Zycher concludes that
resource-use behaviors emerging from market competition are the
best guides to effective, sustainable energy policies.
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