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Posted On: 02/15/2017 5:01:56 PM
Post# of 51451
loon - Vermont’s 90 percent renewable energy goal to cost $33 billion by 2050
Noisey:
attaining 90 percent of its energy from renewables by 2050 would require capital investments of at least $33.3 billion during the 2017-2050 period — about $1 billion per year, according to Vermont Energy Action Network’s 2015 annual report.
That’s not counting interest and finance charges and replacements and refurbishments due to wear and tear.
That burden is far in excess of what the near-zero real-growth Vermont economy can afford.
Noisey:
attaining 90 percent of its energy from renewables by 2050 would require capital investments of at least $33.3 billion during the 2017-2050 period — about $1 billion per year, according to Vermont Energy Action Network’s 2015 annual report.
That’s not counting interest and finance charges and replacements and refurbishments due to wear and tear.
That burden is far in excess of what the near-zero real-growth Vermont economy can afford.
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