{"id":57065,"date":"2021-03-11T17:20:25","date_gmt":"2021-03-11T22:20:25","guid":{"rendered":"https:\/\/olduvai.ca\/?p=57065"},"modified":"2021-03-11T17:20:25","modified_gmt":"2021-03-11T22:20:25","slug":"fossil-fuels-are-wildly-more-expensive-than-previously-thought-study-says","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=57065","title":{"rendered":"Fossil Fuels Are Wildly More Expensive Than Previously Thought, Study Says"},"content":{"rendered":"
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Fossil Fuels Are Wildly More Expensive Than Previously Thought, Study Says<\/a><\/h3>\n<\/div>\n
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Overinflated fossil fuel investments might be a \u2018worthless\u2019 bubble waiting to trigger the next crash, while renewables seem more appealing than ever.<\/div>\n<\/div>\n<\/div>\n
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IMAGE:\u00a0\u00a0LUKAS SCHULZE\/GETTY IMAGES)<\/div>\n<\/div>\n
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A new study finds that conventional electric power plants powered by fossil fuels and hydro are massively overvalued by the world\u2019s leading analyst organizations. The report says they are overvalued to such a degree that the trillions of dollars of investment in these industries could amount to a \u201cbubble\u201d similar to the subprime mortgage housing bubble whose collapse triggered the 2008 financial crash.<\/p>\n

The stunning findings imply not only that renewable energies such as solar, wind and battery storage are far cheaper than believed, but that they are already outcompeting coal, natural gas, nuclear, and hydro power. This fact, however, has been masked by distorted calculations based on a fundamentally incorrect metric: the \u2018Levelized Cost of Electricity\u2019 (LCOE).<\/p>\n

The new report by independent technology think tank RethinkX, titled\u00a0The Great Stranding: How Inaccurate Mainstream LCOE Estimates are Creating a Trillion-Dollar Bubble in Conventional Energy Assets<\/a><\/em>\u00a0is written by environmental social scientist Dr. Adam Dorr, a Research Fellow at RethinkX, and the think tank\u2019s co-founder Tony Seba, a serial entrepreneur and Stanford University lecturer in technology disruption.<\/p>\n

Their new analysis, which is likely to send shockwaves across fossil fuel industries and utilities, probes into the science around a conventional power plant\u2019s LCOE\u2014which basically measures the average cost of generating electricity across the entire lifetime of the plant, including its building and operating costs.<\/p>\n

Energy hype<\/strong><\/p>\n

Dorr and Seba show that mainstream LCOE assessments for conventional coal, gas, nuclear, and hydro power plants are simply false. In reality, due to the growing inefficiencies of these forms of energy, the amount of electricity conventional power plants produce falls over time, in some cases quite dramatically…<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n

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Fossil Fuels Are Wildly More Expensive Than Previously Thought, Study Says Overinflated fossil fuel investments might be a \u2018worthless\u2019 bubble waiting to trigger the next crash, while renewables seem more appealing than ever. IMAGE:\u00a0\u00a0LUKAS SCHULZE\/GETTY IMAGES) A new study finds that conventional electric power plants powered by fossil fuels and hydro are massively overvalued by […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[328,2092,13929],"class_list":["post-57065","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-fossil-fuels","tag-nafeez-ahmed","tag-vice"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57065"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57065\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}