The Economics Of Addressing Climate Change. After briefly discussing the Barr report, Democratic Perspective hosts, Steve Williamson and Klaus von Stutterheim discuss renewable energy with John Hake, a retired business investor and software executive. With his background, Hake is able to provide some interesting insights into the economics of renewable energy. Though people still believe that fossil fuels are less expensive than renewables, according to Hake, that has changed dramatically. As a result of improvements in the technologies, wind and solar are now able to provide reliable energy. Moreover, these renewable energy systems can be developed economically and rapidly. He adds that around three-quarters of coal energy production is now more expensive than renewable energy sources.
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