Five Percent: Conserve Energy

Climate Change Is Important: Energy Conservation is the First Step


November 8, 2010

A Quarter A Month Is Too Much: Climate Change Costs

Category: Climate Change,Policy – Tom Harrison – 1:24 pm

My daughter recently had her flu shot, and the nurse warned “just a little pinch” — the US seems fearful of the tiniest little pinprick when it comes to dealing with our energy and climate change issues, so I conclude my daughter is far braver than we.

The NY Times reported today on falling adoption of renewables like wind and solar in the US, for example, in Virginia.

“The ratepayers of Virginia must be protected from costs for renewable energy that are unreasonably high,” the regulators said. Wind power would have increased the monthly bill of a typical residential customer by 0.2 percent.

Virginia cannot pay an additional 23 cents a month

We Need Protection from This

According to the US Energy Information Administration, the average monthly residential electrical bill (from 2008) in Virginia was $112.75.

So, regulators are “protecting” ratepayers from an additional charge of $0.225 — less than a quarter of a dollar a month.

Near the end of the article, there’s a brief mention of valuation of present versus future costs

Advocates also argue that while the costs might be higher now, as the technology matures and supply chains and manufacturing bases take root, clean sources of power will become more attractive.

Fold in the higher costs of extracting and burning fossil fuels on human health, the climate and the environment, many advocates argue, and renewable technologies like wind power are already cheaper.

OK, so now I am angry. That is the tamest, lamest, weakest language I could possibly imagine. There are two arguments: adoption of the technology at scale will decrease cost so that it close to at parity with existing energy sources. OK, that always happens.

But on the second point (externalities): when will we begin to consider even the risk of increased future costs in our evaluation of total cost — you can be a dive instead of a climate hawk and still recognize a risk in future cost valuation.

To be fair, the article is making the same point, in gentle terms. It is good reporting, and I am not castigating them for being weak.

I am castigating our country as a whole: we’re being little girls. Actually no, my little girl didn’t even wince when she got her flu shot. We’re being babies. They cry about everything (and poop all over the place and expect someone else to clean up after them.)

1 Comment

  1. […] This post was mentioned on Twitter by Tom Harrison, Will Mallett. Will Mallett said: Great post from @tomharrisonjr http://bit.ly/aZxUMu re our (lack of) an #energy plan / Tom I've been using the same terminology. So true. […]

    Pingback by Tweets that mention A Quarter A Month Is Too Much: Climate Change Costs | Five Percent: Conserve Energy -- Topsy.com — November 8, 2010 @ 3:41 pm

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