The wild claims about wind and solar replacing, coal, gas and nuclear power don’t stand first contact with reality.
Over the last 20 years, trillions of dollars have been squandered on subsidies, tax breaks, mandates, penalties, and other state-directed efforts to make chaotically intermittent wind and solar serious contenders on the world energy scene. Their combined contribution to world energy demand remains thoroughly underwhelming, as John Hinderaker highlights below.
$3.8 Trillion for Essentially Nothing
Powerline
John Hinderaker
26 October 2022
Jeff Currie, who is Global Head of Commodities Research for Goldman Sachs, describes the utter futility of “green” energy:
Here’s a stat for you, as of January of this year. At the end of last year, overall, fossil fuels represented 81 percent of overall energy consumption. Ten years ago, they were at 82. So though, all of that investment in renewables, you’re talking about $3.8 trillion, let me repeat that…
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