Monday, March 19, 2007

The New Math of Alternative Energy

Geothermal Holds More Potential at Less Impact to Society

Now the equation is showing significant signs of change. Costs are falling for some alternative-energy sources, driven by new technology and renewed development interest. The math looks even more favorable if you consider the environmental cost of fossil fuels -- which most purely economic calculations don't.

Geothermal energy -- tapping heat deep in the Earth to generate power -- may have more potential, at less impact to society, than any of the other alternative resources. A new study on geothermal energy, produced by an interdisciplinary team at the Massachusetts Institute of Technology, found that geothermal energy could produce 10% of the nation's electricity by 2050 at prices that would be competitive with fossil fuels.

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