The Hidden Costs Of Renewable Energy

At least $9.7 trillion will be invested in power generation between 2012 and 2035, according to the International Energy Agency. 71 percent of that will be spent on renewables and clean energy technology. Developed countries are in the process of energy substitution, and even emerging economies are currently putting more money into renewables as costs drop and it becomes economically competitive with traditional energy sources. But putting money into clean energy has hidden costs that need to be accounted for so that the these enormous capital expenditures are spent efficiently. Solar energy costs have fallen 75 percent “The fastest reductions…