Unlike oil and coal, which are compressed forms of energy, renewable energy requires unusually large land areas. This article calculates the consequences of a switch to hydrogen-cell vehicles powered by electricity from wind turbines. It then re-does the calculation for three other green energy...

This paper focuses on the climate change challenge faced by Central & Eastern European countries both those inside the European Union and those outside it. They have enormous energy intensity and associated greenhouse gas (GHG) emissions, mainly from energy production, which is oil, and worse,...

Climate change is an issue that requires global attention and co-operation. As climate science develops an understanding of changes to the future climate state, policy makers and engineering project planners beg to know what claims can be made on the subject with a reasonable level of...

This paper estimates the welfare-optimal market share of wind and solar power, explicitly taking into account their output variability. We present a theoretical valuation framework that consistently accounts for output variability over time, forecast errors, and the location of generators in the...

Exposing wind and solar power to the market price signal allows for cost-efficient investment decisions, as it incentivizes investors to account for the marginal value (MV el) of renewable energy technologies. As shown by Lamont (2008), the MV el of wind and solar power units depends on their...