It is well but perhaps not as widely known as would be desirable for a fully informed discussion on the subject that renewable energy is far more expensive than conventional (fossil fuel) energy sources. Further to this point, the RI Center for Freedom and Prosperity has released a report with the helpfully descriptive title: “Renewable Energy in Rhode Island: Big Cost, Little Difference”. (Link to the full report in PDF here.)
The report points out that by the EPA’s own standards, the cost of Rhode Island abating carbon from its energy supply would far exceed the benefits that would accrue to the state.
Because of this poor cost-benefit “value proposition,” up to five times less than the Environmental Protection Agency (EPA)–suggested standard, Rhode Island should reconsider its existing energy policy approach.
Let’s repeat this very important point and its source. By the measure of the EPA, not exactly a research arm of the vast right-wing conspiracy, it simply is not worth it, in terms of the carbon that would be abated, for Rhode Island to put renewable energy on its grid.
With this information, elected officials – Governor Raimondo and members of the General Assembly – can no longer in good conscience advocate or vote for renewable energy in Rhode Island. In fact, just the opposite, as the Center calls for: renewable energy mandates must be rolled back.
Based on this study’s findings, the Center strongly recommends that lawmakers reject all proposed new energy mandates in 2016 and, instead, repeal those that are currently written into law.