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But Germany would also have to accept more inflation at home, to help its less competitive neighbors close the cost gap with the ultracompetitive Germans.
Renewable energy has regulatory, commercial and technological trends on its side, all of which are working to close the cost gap with conventional sources.
Four years ago, the United Automobile Workers agreed to allow Chrysler, G.M. and Ford to pay lower wages to new hires to help close the cost gap with foreign carmakers.
So the future for solar power could be bright indeed.Follow the moneyBut what is most striking is that figures compiled by Shell Renewables in April 2004, when the oil price stood at $40 a barrel it is currently closer to $60 found that wind turbines and solar panels could close the cost gap with conventional energy sources.
First, failure to mitigate these STEP forces may undermine the efficacy of any given economic policy instrument that aims to close the cost gap between wind power and entrenched generation technologies.
A widely accepted premise regarding wind power development policy is that implementation of economic policy instruments, which are designed to close the cost gap between wind power and entrenched fossil fuel power generation technologies, will significantly catalyze enhanced levels of wind power development activity.
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Even if Chernobyl closes, the costs of monitoring what happens inside the sarcophagus, and keeping radiation firmly encased inside, will run on.
As businesses close, the costs of secondhand machines, the rents for office and factory space, the fees of business-serving professionals (accountants, lawyers, etc) drop.
Best of all, as the century came to a close, the costs of oil, minerals and basic food commodities fell to near historical lows.
If the plant closed, the layoff costs alone could amount to $750 million, analysts said.
With closing costs, the price of the building was about $60 million, he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com