Last updated on: 8/11/2015 | Author:

Charles Frank, PhD Biography

Nonresident Senior Fellow for Global Economy and Development at the Brookings Institution
Not Clearly Pro or Con to the question "Can Alternative Energy Effectively Replace Fossil Fuels?"

“Assuming that reductions in carbon dioxide emissions
are valued at $50 per metric ton and the price of natural
gas is not much greater than $16 per million Btu,
the net benefits of new nuclear, hydro, and natural gas
combined cycle plants far outweigh the net benefits
of new wind or solar plants. Wind and solar power are
very costly from a social perspective because of their
very high capacity cost, their very low capacity factors,
and their lack of reliability.”

“The Net Benefits of Low and No-Carbon Electricity Technologies,”, May 2014

Involvement and Affiliations:
  • Nonresident Senior Fellow for Global Economy and Development, Brookings Institution
  • Chief Financial Officer, Central European Media Enterprises, 2009-2010
  • Board member, Central European Media Enterprises, 2001-present
  • First Vice President and Acting President, European Bank for Reconstruction and Development, 1997-2001
  • Vice President and Managing Director, Structured Finance Group, GE Capital, 1988-1997
  • Vice President, Salomon Brothers, 1978-1987
  • Deputy Assistant Secretary of State for Economic and Social Affairs and Chief
    Economist on Policy Planning Staff, US Department of State, 1974-1978
  • Senior Fellow, Brookings Institution, 1972-1974
  • Professor of Economics and International Affairs, Princeton University, 1967-1972
  • Assistant Professor of Economics, Yale University, 1965-1967
  • Lecturer, Makerere University College (Kampala, Uganda), 1963-1965
  • PhD, Economics, Princeton University, 1963
  • BS, Mathematics, Rensselaer Polytechnic Institute, 1959
  • None found
Quoted in:
  1. Is Solar Power an Economical Alternative to Conventional Energy?