Shocker: Government mandated trillions in global renewable investment tally

Watts Up With That?

But — wind and solar provide only 1% of 2015 world energy

Guest essay by Larry Hamlin

The 2017 edition of the REN21 Renewables Global Status Report (GSR) has been released providing a status assessment of global renewable energy use with energy consumption data reflected through 2015.

The report presents the following breakdown of total 2015 world energy consumption provided by fossil, nuclear, hydro, geothermal, biomass and other renewable energy resources.

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The category “traditional biomass” (9.1 percent of global energy) reflects the global twigs, leaves and dung fuel sources use while the category “Modern renewables” (10.2 percent of global energy) reflects wind, solar, geothermal and biomass from mostly government crop subsidized energy programs.

Investment data is provided for renewables showing that since 2006 nearly $2.5 trillion has been funneled into government mandated renewable energy programs globally.

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Despite this massive global government mandated driven investment in “Modern renewables” the so called…

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This entry was posted in economics on by .

About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

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