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However, in the same period, the cost of producing energy fell by 36%.
22. Ministry of Power, too, felt that auctioning of coal could lead to enhanced cost of producing energy.
Then we get a dose of "the decision-making power on energy choices is held by people invested in the old ways of producing energy".
The price of solar panels fell by 75% from 2009 to 2014 and the costs of producing energy from the sun continues to fall.
And $30 oil also brings attention back to development of synthetic fuel, solar energy, wind power, gasification of coal and other methods of producing energy.
But no one believes that industry will invest in those new technologies until existing ways of producing energy become too expensive.
Similar(23)
One of the greatest needs in developing sustainable alternative energy systems is an economical means of producing energy-dense, infrastructure-compatible liquid fuels (Granda et al. 2007).
How this translates into terms of produced energy and potential electric power is discussed next.
Hence, quality of produced energy becomes an important problem in wind energy conversion plants.
Hence, quality of produced energy becomes an important problem in tidal energy conversion plants.
The disadvantage of reinjection is the amount of required energy for pumping the reinjected brine in comparison with the amount of produced energy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com