> (Ed Reid) Wind investment will not occur if wind receives only low, off-peak prices.
Wind energy earns good money for the energy generated at many hours of the day, and this attracts investment. Wind turbines also generate large amounts of electricity at times of low demand, hence the low off-peak prices.
> (Ed Reid) The investment economics do not work. That is currently being demonstrated in West Texas and on the BPA system.
In February, when Texas experienced rolling blackouts due to the loss of over 50 fossil-fired power plants totaling over 7,000 megawatts, wind plants continued to steadily produce 3,500 megawatts.
More recently, the mountain snowpack melt required hydroelectric dams to release more water, while there are also other factors such as salmon. This doesn't mean that the economics didn't work, it underlines that the shift to clean energy will increasingly make cheap clean electricity available at times of low demand. As said, investing in wind energy is already attractive, but I agree that the shift to clean energy should be further helped by rebates, funded through fees on polluting energy (facilities).
> (Ed Reid) Read the post again. There is nothing there that provides a path to an 80% reduction in global CO2 emissions by 2020. Read the linked post. It does not address the sources of the investment capital needed to achieve the transition.
Read the posts again! Reducing the CO2 that's already in the atmosphere can best be achieved through two types of feebates, with energy feebates capable of completing the necessary shift to clean energy within a decade. The post America can win the clean energy race explains that it makes economic sense for America to shift to clean energy, while - as I said repeatedly - I agree that the shift to clean energy should be further helped by rebates, funded through fees on polluting energy (facilities).
> (Ed Reid) The investments required to reduce the atmospheric concentration of CO2 to 280 ppm are not addressed.
Feebates can be adjusted, so where there is insufficient investment, fees can be increased to make things happen.