Subsidy tease for a solar grand plan

A recent issue of Scientific American featured a "Solar Grand Plan." Its authors described a way for the United States to obtain nearly 100 percent of its electricity and 90 percent of its total energy, including transportation, from solar, wind, biomass, and geothermal resources by end-of-century. Electricity would cost a comfortable 5 cents per kilowatt hour.

U.S. carbon emissions would be reduced 62 percent from their 2005 levels. Some 600 coal and gas-fired power plants would be displaced. The federal investment would be $400 billion over the next 40 years ($10 billion a year) to deploy renewable technologies and suitable transmission infrastructure.

If that future seems too good to be true, then look at two other studies during the past 13 months that have reached similar conclusions: one sponsored by the American Solar Energy Society (PDF), the other by the Nuclear Policy Research Institute and the Institute for Energy and Environmental Research. All three concur that energy efficiency and renewable energy technologies can satisfy the nation's demand for power without additional nuclear or fossil-fueled power plants.

If $400 billion seems unaffordable, consider: It's less money than the federal government already has spent on the Iraq war, only a third of the $1.2 trillion that some experts now predict the war will cost, and only a sixth of the federal government's current annual subsidies for fossil and nuclear energy...

~ Read on... ~