JLF uses Hurricane Matthew to attack NC's REPS

Because natural disasters are a great opportunity for propaganda:

And then there are the inhabitants of the so-called “free market think tanks” funded by those fun-loving fossil fuel barons, the Koch Brothers, and their not so silent junior partner from North Carolina, Art Pope. Take a gander at a column released yesterday by the Director of Regulatory Studies at the John Locke Foundation. In it, the author argues – we are not making this up – that the mass, storm-related electricity outages of recent days lead to one overriding conclusion: North Carolina must reduce its commitment to renewable energy and the law (the “Renewable Energy Portfolio Standard” or “REPS”) that requires public utilities to derive a proportion of their electric load from renewables.

Everybody needs to understand why Koch and Pope's Puppets are so dedicated to overturning REPS in NC (and other states): Because it's working. The REPS was designed to create a demand for renewable energy, thus driving up production of Solar panels and wind turbine parts, which (in turn) would bring the costs down to a competitive range.
What you won't hear from people like JLF's Jon Sanders is how much those costs have already dropped:

Outdated data or highly conservative cost assumptions for energy sources also tarnish renewable energy’s reputation as a cost-effective option for decarbonization. Innovation in renewables, battery storage, and other technologies is occurring at a breakneck pace, and the newest capacity and price data are often underestimated or aren’t released quickly enough to accurately inform important decisions by policymakers or grid operators.

For example, the National Renewable Energy Laboratory’s (NREL) 2012 Renewable Electricity Futures study showed that moving to 80% renewable energy by 2050 was technically feasible with moderate cost increases under conservative technology improvement assumptions. A 2014 update to the study found its most ambitious estimates for cost reductions by 2050 had already been reached in the real world in 2014, meaning the same study produced zero cost increases when using today’s actual data.

The costs of renewables, in particular Solar photovoltaic, are extremely dynamic. But instead of fluctuating up and down, the trend is steadily down. And this scares the bejesus out of fossil-fuel barons like the Koch Brothers, whose multi-billion-dollar empire was built (in a large part) on leaky and vulnerable pipeline infrastructure to carry oil and gas across the country. Distributed renewable energy is more than just a fly in their chardonnay, it's a lethal dose of advancing technology.

Tags: