Don’t blame renewable energy for rising energy costs, as some media pundits have been trying to do, wrote CFAES’ Brent Sohngen in a recent column in the Columbus Dispatch.
“Actually,” Sohngen wrote, “the only effect that renewables can have on energy markets is to lower electricity prices, which in turn will cause natural gas and coal prices to fall.”
Sohngen is a professor of environmental and resource economics in the CFAES Department of Agricultural, Environmental, and Development Economics.