Discount Rates, Pt. 2: Why They Matter So Much

Pragmatists in the Green Energy War tend to consider natural gas a necessary transition fuel for electric generation. They are cognizant of the role quick start, fast ramp gas generation will play in integrating intermittent wind and solar generation until large scale, dispatchable demand response and storage technologies become commercial realities. They embrace the material environmental benefits offered by modern gas-fired plants when compared to coal, even if only a half-way step toward decarbonizing electricity. And they acknowledge the easier financeability of such plants in contrast to faith-based options like nuclear power.

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