Unearthing the true cost of fossil fuels and the true value of photovoltaics

Two new studies published by Carol Olson and Frank Lenzmann in MRS Energy and Sustainability—A Review Journal (MRS E&S) shed light on the true economic, social and environmental impacts of photovoltaics as compared to those of the fossil fuel supply chain. 
Olson and Lenzmann, who work at the Energy Research Centre of the Netherlands, compared the economics associated with all the major fuel supply chains, including oil and gas, coal and nuclear. They conclude that the current system is weighted heavily in favor of fossil and nuclear fuels at the expense of more sustainable energy sources—revealing that support for renewable energy sources is dwarfed in magnitude as well as in duration in comparison to the subsidies shoring up fossil and nuclear fuels. …

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