Even under those assumptions, we have alternatives. Suppose we
stupidly decided we are not going to replace one incandescent light
bulb with compact fluorescent lamps. Suppose we stupidly decided not to
take advantage of all the ways we have to increase the efficiency of
motors, especially the motor-driven pumps that account for much of our
electricity use. Suppose we stupidly decided to phase out electricity
emissions solely by replacing our existing electrical infrastructure with low-carbon infrastructure.
It turns out that even this is less stupid than what we are doing now. We could replace every non-hydro power plant in the U.S. with wind generators and electricity storage and lower our electricity bill.
Back in 2003, wind farms cost between $1,000 and $1,300 per KW to
install. A lowered dollar, increased embedded energy costs, and
increased demand has driven this capital cost up to between $1,300 and
$1,700 per KW. [Note: since this post requires a lot of documentation,
I've put it all in a Google Spreadsheet, which you should be able to open in any browser.]
Given
that we would be buying in volume, and could use the opportunity to
develop our home wind turbine industry again (not quite as much at the
mercy of the value of the dollar), it seems reasonable that we could
keep our price at the $1,300 low end.
If we look at the actual capacity use of wind generators (around 30
percent, though new ones are a bit higher), the capital costs to
replace electric consumption in 2005 would be under 2 trillion dollars.
(Note that as demand increases, these numbers scale.) To keep storage
needs to a minimum we would want to connect wind generators up to 3,000
kilometers apart by HVDC transmission lines. Basically we would want to
connect the different regional and local grids, so that all our various
DC islands were connected by DC bridges, producing a more reliable
super-grid. (DC lines are much less vulnerable to outages that AC.)
Studies
have shown that while a single wind generator would require about three
days of storage to provide firm capacity, when you put those generators
in large scale wind farms and connect many wind farms great distances
apart, they can provide firm capacity with 80 percent reliability, even
without storage. Twelve hours storage would bring this up to 96 percent reliability.
(As a side issue, 22 hours would bring reliability to 99 percent +.
Also, twelve hours pumped storage would consume less than 50 square
miles over the entire U.S.; 22 hours would increase this to under 83
square miles.)
Electricity losses due to transmission and storage above that
required by our current grid would bring the total cost to 2.35
trillion dollars. The cost of twelve hours worth of pumped storage, and
100,000 kilometers of HVDC, would increase that to under 2.5 trillion
dollars.
This seems like an overwhelming amount until you consider the following:
We currently pay slightly under 300 billion dollars every year for electricity.
Around 66 percent of this (around $200 billion) reflects generation costs.
Wind farms last twenty years or more. At the interest rate the U.S.
government currently pays for taxable twenty-year bonds, quarterly
payments on those bonds would be less than the generating costs saved.
You would not want to borrow $2.5 trillion in one go, and you could not
build that much wind capacity in a year. Instead, phase out grid
emissions over the course of a decade. You could borrow the money 250
billion at a time, or you could end the war in Iraq, subsidies to oil,
gas, and coal, and repeal a fraction of the tax cuts we've suffered,
and pay for it out revenues without borrowing a dime.
You would
reduce greenhouse emissions from electricity production to near zero
and massively reduce air pollution and the number of people who die
from it. As a bonus, we would save slightly on our electricity bills,
and build a wind turbine industry competitive with Denmark's.
There are all sorts of reasons this would be a fundamentally stupid
thing to do. It does not include efficiency measure that could probably
save more than half our current electricity use; it replaces low-carbon
existing electricity sources; it produces an electricity monoculture
relying entirely on wind, hydro, and pumped storage, without including
any other renewable technologies like solar, wave, or geothermal. You
can probably come up with other reasons it would be stupid yourself.
What you can't come up with is any reason it would be stupider than what we are doing now.
A last reminder: I've put the details in a Google Spreadsheet,
-- "showing my work," with sources for facts and statistics documented.
As a writer I like this better than linking every four words, or
including a bunch of end notes in the document. It flows better. (And
it is less work than an inline HTML table.) Let me know if it works for
you as readers.