Mr. Trump has said the Paris agreement is a bad deal for the United States and that the country will no longer work toward its pledge of cutting emissions at least 26 percent below 2005 levels by 2025 or contribute money to the climate fund. Former President Barack Obama promised $3 billion over four years and delivered $1 billion before leaving office.
Hydro-electricity and geothermal electricity produced at favourable sites are now the cheapest way to generate electricity. Renewable energy costs continue to drop, and the levelised cost of electricity (LCOE) is declining for wind power, solar photovoltaic (PV), concentrated solar power (CSP) and some biomass technologies.[100] Renewable energy is also the most economic solution for new grid-connected capacity in areas with good resources. As the cost of renewable power falls, the scope of economically viable applications increases. Renewable technologies are now often the most economic solution for new generating capacity. Where "oil-fired generation is the predominant power generation source (e.g. on islands, off-grid and in some countries) a lower-cost renewable solution almost always exists today".[100] A series of studies by the US National Renewable Energy Laboratory modeled the "grid in the Western US under a number of different scenarios where intermittent renewables accounted for 33 percent of the total power." In the models, inefficiencies in cycling the fossil fuel plants to compensate for the variation in solar and wind energy resulted in an additional cost of "between $0.47 and $1.28 to each MegaWatt hour generated"; however, the savings in the cost of the fuels saved "adds up to $7 billion, meaning the added costs are, at most, two percent of the savings."[101]
Most in the industry agree that 11 m/s (24.6 mph) makes for a good rated wind speed. Go above it and very soon the turbine should be hard at work to protect itself from destruction, by furling, governing, or shutting down. Those that do not will likely face a short and tortured life. If we agree on 11 m/s, an equation for a realistic rated power number is as follows:
This solar resource map provides a summary of the estimated solar energy available for power generation and other energy applications. It represents the average daily/yearly sum of electricity production from a 1 kW-peak grid-connected solar PV power plant covering the period from 1994/1999/2007 (depending on the geographical region) to 2015. Source: Global Solar Atlas]