Page - 149 - in Clean Water Using Solar and Wind - Outside the Power Grid

© 2019 The Author. This is an Open Access book chapter distributed under the terms of the Creative Commons Attribution Licence (CC BY-NC-ND 4.0), which permits copying and redistribution for non-commercial purposes with no derivatives, provided the original work is properly cited (https://creativecommons.org/licenses/by-nc-nd/4.0/). This does not affect the rights licensed or assigned from any third party in this book. The chapter is from the book Clean Water Using Solar and Wind: Outside the Power Grid, Gustaf Olsson (Author). doi: 10.2166/9781780409443_0149 Chapter 12 Economy “The dignity of each human person and the pursuit of the common good are concerns which ought to shape all economic policies.” Pope Francis’ apostolic exhortation, Evangelii  Gaudium (The Joy of the Gospel). Three aspects of economy are considered in this chapter. Costs for renewable energy are compared to fossil fuels in 12.1. Renewable energy is creating a huge job market. This also requires a corresponding effort in education and training, discussed in 12.2. In 12.3 some financing and payment options are reviewed. 12.1 COST OF RENEWABLES Comparing cost of solar PV and wind with conventional power generation using fossil fuels requires that both capital cost and operating costs are considered. The costs to human health and the environment are often not taken into consideration when various energy production systems are compared, as commented on in Chapters 1–3. Downloaded from https://iwaponline.com/ebooks/book-pdf/520710/wio9781780409443.pdf by IWA Publishing user