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True Costs of Wind Electricity

Many pro-wind organizations claim wind generated electricity is cost competitive with fossil fuel generated electricity, but Rud Istvan and blogger Planning Engineer show that it is not. The US Energy Information Agency calculates a very misleading "levelized cost of electricity" (LCOE) to compare different generating technologies, but excludes many costs of wind energy. The 2013 cost of the wind Production Tax Credit (PTC), the main US federal incentive, was $US 13 billion, but is exclude from the LCOE. The actual installed cost/MW of installed wind farm capacity started rising around 2005, but the EIA assumes wind costs will decline 22% by 2019. The EIA also overestimates the capacity factor and the useful life of windmills, and fails to account for costs of the electrical grid, backup requirements and market distortions related to the intermittency of wind electricity. The cost of wind electricity is at least $US 146/MWh, about 50% more than the EIA estimate of $US 96/MWh.



Economic Impact of the Greenwich Wind Farm

Dr. Ross McKitrick reviews a report on the Greenwich wind farm economic benefits. He says the report is "deeply flawed" and "ridiculous". He writes, "the methodology of this report bears no relation to conventional economic analysis and has yielded grossly misleading results." The report ignored all the costs and grossly exaggerates the benefits. The most disturbing aspect of the report is that the Ontario government accepted it. The wind farm "is a wealth-destroying undertaking" and will do "tragic harm ... to the North Superior landscape and ecology."



Climate Money

Joanne Nova reports that the US government has spent over $79 billion since 1989 on policies related to climate change, but "audits" of the science are left to unpaid volunteers. Carbon trading worldwide reached $126 billion in 2008. Meanwhile, an oil company is criticized for funding skeptical scientists at one thousandth of what the US government funds climate alarmists.




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