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What's to worry ? We print our own currency. Ergo, there is no price too high that we can't inflate our way into it.

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Ugh!

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How many multiples of the World GDP does it have to cost to be a horrible idea?

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Ed: My apologies, but I don't buy it. I did read through the paper cited, and it said that it based its conclusions on "seasonal and inter-annual" variations. Huh? What happened to second-by-second variations, as the Grid is stabilized on intervals like that. And since just solar is at zero for 30+% EVERY DAY, (excluding clouds, etc.) how can 25% make any sense? The proper answer is that Wind and Solar require 100% augmentation.

If you want empirical proof (not some "peer-reviewed" paper), strip all electric power sources off any Hawaiin Island. The replace it with the equal capacity factored wind and solar, and see exactly how much augmentation is needed to provide a guaranteed equivalent of today. (Hint: 100%)

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John,

That's 25% of cumulative annual generation. Second by second variations are likely handled by power electronics.

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Stellar performance Mr Reid. I'll be citing it (with your permission).

To simplify, If it will cost $48 Trillion to backup 12% of total national MWh, that =equals $4 Trillion per percent. Accordingly if 100% of national electric energy consumption were somehow generated by renewables, that would be $4 Trillion X 100 = $400 Trillion?

$400 Trillion = 4 times the world GDP

source: https://www.statista.com/topics/7747/gross-domestic-product-gdp-worldwide/#topicOverview)

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Don't forget "all-electric everything", which would make that 100% about 200$ larger. ;-)

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