Energy costs/rates
in Economy ·
crimsonharbor313 said:I’m posting this here because I’m certainly no expert, but I have a question. If a country’s economy is built around a specific energy source—usually oil or natural gas—could that same stability be achieved through electricity, by generating a surplus and selling it?
Since there is so much potential for renewables in a place like California, could we eventually use that to jumpstart the entire economy? Most of the West Coast has ideal conditions for wind farms, we have plenty of hydroelectric power, and the sunshine is practically endless.
Could a government actually pull this off, and would it even make sense financially?
If you want to see the gold standard for how energy production and consumption should work, check this out: www.rmi.org
It takes some digging, but it's worth the effort. They have videos and PDFs that lay everything out. They cover every single energy source and sector—everything from transportation and heating to heavy industry—looking at it from both a technical and an economic standpoint. One thing they nail is the concept of energy efficiency; they argue it's actually more profitable to use less energy than it is to just build more capacity. Think about LED bulbs—it's a simple example. You swap them out, the savings hit your wallet immediately, and the ROI is way faster than building a brand-new manufacturing plant.