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Michael STAVY, Senior Advisor on Renewable Energy Finance
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Michael STAVY'S Background

Michael STAVY'S Short Form CV (resume)
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Michael STAVY'S Contact Information
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All Michael's Invoices are now Sent Through PayPal
Let's Talk

Schedule to Meet Michael at a Renewable Energy Event
The Beighley-Stavy House

The Beighley-Stavy Home in Georgetown, CO
When in Chicago, ride the CTA

Innovations in Energy Efficient City Transit
Yes We Can!

The 2017 Chicago Climate Charter and the 2015 Paris Climate Accord
A Chicago Icon

Inside Marina City


I help Propery Owners Develop their Wind Assets

Wind Power

Solar Power
Call for an Appointment

Energy Storage Capacity
generate electricity and heat

Microturbine & Distributed Generation Projects
Yes, We Can!

The 2017 Chicago Climate Charter, 2015 Paris Climate Accord, Carbon Trading, the Carbon Tax
Lets Shop!

Electricity and Natural Gas Procurement
Fuel Cell Vehicle

Hybrid, Electric, Natural Gas, Hydrogen and Alternative Fuel Vehicles


33 Papers and Counting

List of Michael STAVY'S Published Papers and Presentations
see my co-authors

My August 2002 JSEE Paper is Specifically Cited in 11 Papers


C U in Hamburg!

PAPER at WindEurope 2018 Conference, 25-28 September, Hamburg
Download my Paper HERE!

PAPER at WindPower 2018, 7-10 May, Chicago
Lets Talk

PAPER at Solar Power International 2017, 10-13 September, Las Vegas
Nice Seeing you at SPI13

PAPER at Solar Power International 2013, 21-24 October, Chicago
Warsaw, Poland

Paper at the 2010 European Wind Energy Conference, 20-23 April, Warsaw Poland
Nice meeting with you in Marseille

PRESENTATION at the EWEC 2009 Marseille, France 16 - 19 March 2009

Paper at the 2009 Michigan Wind Conference 3-4 March 2009, Cobo Hall, Detroit, MI
See you in Chicago

WINDPOWER 2009, May 4-7, Chicago, IL USA

Press for the CHICAGO EDITION of my 2009 EWEC Paper
día bueno

PRESENTATION at the 2008 Latin American Wind Energy Conference, November 5-7, Guadalajara, MX

PRESENTATION at WINDPOWER 2008, June 1-4, Houston, TX

PRESENTATION at the 2008 European Wind Energy Conference, 31 March-3 April, Brussels. Belgium
Nice seeing you in LA

PAPER, "The Economics of Storing Wind Electricity as Hydrogen" at WindPower 2007 June 3-6 Los Angeles, CA USA
Kellogg Graduate School of Management Class of 1969

QUOTED in the Northwestern Alumni Magazine, Winter, 2007
Storing Wind Electricity as Hydrogen

PAPER "The Technology of Storing Wind Electrcity as Hydrogen" at the European Wind Energy Conference, 7-10 May, 2007, Milan, Italy
Storing Wind Electricity as Hydrogen

PAPER at the POWER GEN Renewable Energy and Fuels Conference, March 6-8, 2007, Las Vegas, NV
Spoke to Reporters

PRESENTATION "Reporting the Wind Story" At the Seminar "Reporting Energy Issues in the Midwest", Sponsored by the Foundation for American Communications, Urbana, IL September 14, 2006
Spark, November 2005

Letter to the Editor of SPARK, November, 2005
Clear Creek Public Radio

"US Energy Sources and Uses" October 29, 2005 Interview on KYGT, Clear Creek County, CO Public Radio
Illinois’ Voluntary Renewable Portfolio Standard

MY 2005 COMMENTS to Illinois Commerce Commision Concerning lllinois' Renewable Portfolio Standard (RPS)
Indiana Dunes National Lakeshore

MY ANSWERS to Certain Questions Concerning Illinois' 2005 RPS (Renewable Portfolio Standard)
Quoted Comments

COMMENTS Quoted in Newspapers or Magazines

PUBLISHED "January 3, 2005 Letter to the Editor" in Crain's Chicago Business
Journal of Solar Energy Engineering

PAPER "Carbon Content of Hydrogen Vehicle Fuel" in the February, 2005 Journal of Solar Energy Engineering
The Cost of Wind Electricity

PAPER "Worksheet to Compute the Cost Wind Electricity", World Renewable Energy Conference-VIII, Denver, CO USA, August 29-September 3, 2004
Fuel Cell Vehicle

PAPER California Climate Change Center's First Annual Conference on Climate Change, June 9-10, 2004, Sacramento, CA
Fuel Cell Vehicle

PAPER, National Hydrogen Association 20O4 Convention, April 26-30, 2004, Los Angeles, CA
Paper on Kyoto Protocol

PAPER-Global WINDPOWER 2004 Conference, Chicago, IL USA, 28-31 March 2004
Levelized Cost and Carbon Content of Hydrogen Vehicle Fuel

PAPER-United States Association for Energy Economics-NCAC-Washington, DC, Friday, December 19, 2003
Fuel Cell Vehicle

PAPER-Illinois Economics Association's 33rd Annual Meeting, October 17-18, 2003, Chicago, IL
Fuel Cell Vehicle

PAPER-American Solar Energy Society's SOLAR 2013 Conference, 21-23 June, Austin,TX
Yak Yak Yak

PAPER-International Solar Energy Society-SOLAR WORLD CONFERENCE 2003-14-19 June 2003,Goteborg, Sweden
Pure Hydrogen Flame

PAPER-European Wind Energy Association-2003 EUROPEAN WIND ENERGY CONFERENCE 16-20 June 2003-Madrid,Spain
Journal of Solar Energy Engineering

PAPER "Worksheet to compute the Levelized Cost of PV electricity", Journal of Solar Energy Engineering, August 2002
From Paris on Route N-7

PAPER, 2002 Global Windpower Conference, 2-5 April, Paris France


  PRESENTATION at the 2008 European Wind Energy Conference, 31 March-3 April, Brussels. Belgium

Michael STAVY  
Senior Advisor on Renewable Energy Finance  
300 N STATE ST APT 4434  
Chicago, Illinois USA 60654  



My Presentation, An Analysis of Whether the Kyoto Protocol is Reducing the Cost Advantage of EU Fossil Electricity Over EU Wind Electricity, was given at the 2008 European Wind Energy Conference. 31 March- 03 April 2008, Brussels, Belgium. 

I was in the Wind Energy and the Future of the Carbon Market (Session Code CW1) Workshop on Wednesday, 2 April 2008. 9:00-10:30am. My presentation is # CW1.1. 

These documents can be downloaded from the EWEC 2008 webpage that I have linked to above. On the upper left side, select the presenter button and put my name in.

I presented my paper, The Current Technology and Economics of Storing Wind Electricity as Hydrogen , at the 2007 European Wind Energy Conference, 7-10 May 2007, Milan, Italy.  To get a copy of my 2007 EWEC paper go to  PAPER



Carbon emissions are causing global warming. The Kyoto Protocol has been set up to reduce carbon emissions. This paper covers the EU electric power industry. Burning fossil fuel to generate electricity creates carbon emissions. Wind generated electricity has no carbon emissions.  Wind energy is, however, more expensive than fossil electricity. The Protocol has set a time period by which the EU Annex I nations, organized under the common ETS emissions bubble, must reduce the maximum amount (cap) of carbon emissions that they can emit. The Protocol adds the cost of carbon emission reductions to the cost of generating fossil fuel electricity. The Protocol is, therefore, a great benefit to EU wind plants because it will reduce the relative cost advantage of EU fossil electricity. This paper examines the Protocol’s prototype carbon emission reduction architectures (cap and control, cap and trade, carbon tax) to determine which architecture most efficiently reduces the EU power industry carbon emissions to their assigned amount (AAU). The paper then discusses which architecture causes the greatest reduction in the relative cost advantage of EU fossil electricity. The paper examines each architecture’s significant structural components (“the details”). Each architecture must have clearly defined penalties for non-attainment. This means that cap and command is the foundation on which the other architectures are constructed. For cap and command, the details are the setting up of a well organized efficient administrative structure. The cap and trade architecture is used by the EU in its ETS.  The ETS details are auctioning verse assignment of carbon emission units (under the bubble the AAU are referred to as European Amounts [EUA]), allowing ETS offsets (JI- ERU, CDM- CER, CDM additionality), banking, unit price limits and the setting up of a well organized and efficient commodity market to clear all EUA, ERU and CER trades. For the carbon tax, the details are the definition of the tax base (tm-CO2/tm-fossil fuel vs. tm-CO2/MWh), the tax rate (€/tm-CO2) and the setting up of a well organized and efficient taxing authority. The result is a detailed comparison of the three architectures for use in the EU and a determination of which architecture gives the greatest reduction in EU fossil electricity’s cost advantage. The paper also examines the positive (Protocol is an EU treaty) and negative (politics may not lead to a carbon minimizing architecture) consequences of the Protocol architecture having been chosen in the EU Annex I national capitals and in Brussels.


MY GHG Emissions Papers Will Help You Understand Global Warming.


To download the abstracts for these papers go to MY GHG Emissions Papers Will Help You Understand Global Warming


If you would like to discuss Kyoto Protocol economics or wind economics, make an appointment. 


We can meet at my Chicago office (at my western US "office" in Georgetown, CO or in Europe). To contact me go to  My Contact Information



Older European Wind Plants




An Older Spanish Wind Plant (MW capacity unknown) 

Photo: Michael Kemma, Quixote's Giants, Study 8, Consuegra Spain, 1996

Source: Michael Kenna, A 30 Year Retrospective, June 23-August 26, 2005, Robert Mann Gallery 


An Older Dutch Wind Plant (Capacity Factor-% unknown)

Monet's Zaan River at Zaandam (1871)

2006 Indian Summer USA


 American (Illinois) Trees, "Indian Summer", Fall, 2006

Come to America, Hung our Trees, They need it!

16 April 2009


 European Wind Energy Association

Michael STAVY, Senior Advisor on Renewable Energy Finance 

Wind, Solar, Energy Storage, Hydrogen, Carbon Mitigation Credits and Taxes 


My web address will continue to be

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