BENEFITS
Benefits of renewable energy use
Little to no global warming emissions
Human activity is overloading our atmosphere with carbon dioxide and other global warming emissions, which trap heat, steadily drive up the planet’s temperature, and create significant and harmful impacts on our health, our environment, and our climate. Increasing the supply of renewable energy would allow us to replace carbon-intensive energy sources and significantly reduce the global warming emissions.
Improved public health and environmental quality
Generating electricity from renewable energy rather than fossil fuels offers significant public health benefits. The air and water pollution emitted by coal and natural gas plants is linked to breathing problems, neurological damage, heart attacks, and cancer. Replacing fossil fuels with renewable energy has been found to reduce premature mortality and lost workdays, and it reduces overall healthcare costs. The aggregate national economic impact associated with these health impacts of fossil fuels is between $361.7 and $886.5 billion, or between 2.5 percent and 6 percent of gross domestic product (GDP).
A vast and inexhaustible energy supply
Today, renewable energy provides only a tiny fraction of its potential electricity output in the worldwide. But numerous studies have repeatedly shown that renewable energy can be rapidly deployed to provide a significant share of future electricity needs, even after accounting for potential constraints.
Jobs and other economic benefits
Increasing renewable energy has the potential to create still more jobs. In 2009, the Union of Concerned Scientists conducted an analysis of the economic benefits of a 25 percent renewable energy standard by 2025; it found that such a policy would create more than three times as many jobs as producing an equivalent amount of electricity from fossil fuels—resulting in a benefit of 202,000 new jobs in 2025. In addition to creating new jobs, increasing our use of renewable energy offers other important economic development benefits. Local governments collect property and income taxes and other payments from renewable energy project owners. These revenues can help support vital public services, especially in rural communities where projects are often located. Owners of the land on which wind projects are built also often receive lease payments ranging from $3,000 to $6,000 per megawatt of installed capacity, as well as payments for power line easements and road rights-of-way. Or they may earn royalties based on the project’s annual revenues. Similarly, farmers and rural landowners can generate new sources of supplemental income by producing feedstocks for biomass power facilities.
Stable energy prices
Renewable energy is providing affordable electricity across the country right now, and can help stabilize energy prices in the future.
A more reliable and resilient energy system
Wind and solar are less prone to large-scale failure because they are distributed and modular. Distributed systems are spread out over a large geographical area, so a severe weather event in one location will not cut off power to an entire region. Modular systems are composed of numerous individual wind turbines or solar arrays. Even if some of the equipment in the system is damaged, the rest can typically continue to operate. The risk of disruptive events will also increase in the future as droughts, heat waves, more intense storms, and increasingly severe wildfires become more frequent due to global warming. Renewable energy sources are more resilient than coal, natural gas, and nuclear power plants in the face of these sorts of extreme weather events.