I read a report today on Business Insider that said people are losing hope for green energy.
I feel the problem comes really just comes down to cost. The chart below shows that solar is FAR more expensive to produce than natural gas, but that is the cost to the consumer, what about the environmental and legal costs.
For example, lets take the BP oil spill. Yes, it was a devastating disaster that continues to impacted the Gulf region, and BP has lost a boat-load (like the pun;) of money.
They were just ordered to pay $4.5 billion in criminal damages, has spend hundreds of millions in clean up efforts and civil liability claims from businesses and residents from Texas to Florida. Not to mention the money lost in oil that spewed from the well and the lost of property, such as the oil rig and other equipment, not to mention the amount of money lost when their stock’s share price fell in the wake of the disaster.
That is a large chunk-of-change that, i feel, could have been better spent in developing better, more efficient solar panels or even developing better technology to harness wave energy, which is an unlimited resource.
Yes, BP wasn’t expecting to have an oil spill on their hands, but it is a risk that the company has to think of when harnessing this form of energy. To put in perspective, BP could have funded 2.5 solar power plants like the one in the Mojave Desert.
Where would that money have been better spent ?
~by Asher Hudson