Posted on 12/14/2023 1:00:13 PM PST by ProtectOurFreedom
Renewables are reaching the point where they are outcompeting fossil fuels on price — setting the stage for their predicted dominance of the energy sector by midcentury.
When it comes to the surging demand for new electric generation, wind and solar prices are now the cheapest options almost everywhere, according to the International Energy Agency (IEA).
Building new wind and solar projects is also cheaper than running existing coal plants, according to a report from Energy Innovation, a nonpartisan climate policy think tank.
The fall in price has led to a global rush to install new wind and solar — which the IEA noted expanded by nearly 25 percent in 2023, powered by record installations.
And the IEA added that prices are falling further — particularly in the U.S., where the tax credits from the Democrats’ 2022 clean energy stimulus will begin to take full effect in 2024.
In 2021 — before the passage of the sweeping subsidies for clean energy included in that stimulus — the U.S. government estimated that no matter what, solar power was likely to make up half of U.S. electric generation by midcentury.
The country is passing a “tipping point” beyond which renewables are the status quo option, said Timothy Lenton, chair of the climate department at the University of Exeter.
Lenton said that by midcentury, even if climate policies remain no more generous than they are now, renewables will make up three-quarters of U.S. electricity production.
Lenton is a coauthor of a recent report by the Bezos Earth Fund that found power generation from renewables was doubling on average every 3 1/2 years worldwide.
This level of renewable adoption, he argued, is becoming the floor of global ambition, not the ceiling. At the United Nations climate conference (COP28) in Dubai last week, the U.S. joined 110 other nations in agreeing to triple renewable energy production.
“And if you add more climate policies, it will only go faster,” Lenton said, noting this level of growth was becoming both exponential and “hard to stop.”
“There’s a self-propelling, ever stronger feedback loop behind the transformation,” he said. The question now, he said, isn’t whether the change is going to happen. “Now it’s more about how fast or slow to go, and how hard are the incumbents going to fight to hold the status quo.”
Dream on. Total propaganda, as any sane person knows.
This is the biggest pile of manure that I have ever seen - besides renewables are not reliable 24/7 - ask Texas
Did the author practice by extolling the success of Bidenomics prior to this craptacular screed?
https://www.npr.org/2023/11/01/1209986572/offshore-wind-energy-new-jersey-orsted
https://www.cnn.com/2022/05/06/politics/solar-energy-china-investigation-climate/index.html
Could go on all day, if I wanted to.
First mandate no use of fossil fuels.
Next introduce ‘renewable’ fuel sources. Which are mostly sourced by and produced using fossil fuels.
Voila. 200 years of production efficiencies are eliminated by government mandates in order to deliver highly inefficient energy at exorbitant costs to the economy. The new and longer delivery systems for government mandated energy production offer generous opportunities for graft, extortion, corruption.
Consumers lose. Crooks win.
Tell the imbecile to try even simple things like running a well pump or freezer via “renewables.”
Like EVs and windmills et al, efficiency and practicality is sub-par. Expensive gear is only “renewable” until it wears out or breaks.
It’s definitely the latter.
😳. Oh, okay, we’ll jump right on it. NOT! Fookin’ idjits
Propaganda.
Renewables can only survive on government life support.
If you really thinks about it, windmills are not renewable energy. Is there a wind recycling plant I don’t know about? Once you convert the wind into electricity the power from the wind is gone.
Petroleum, if it really comes from fossils, would be renewable. Just takes a real long time.
Elbe better stay off those ‘shrooms. They’re making him delusional.
Indeed the story has more BS then any mushroom farm has.
Give me enough subsidy dollars and I can make slaves on treadmills the “low cost” option.
All right, my hubby is asking if someone is actually doing this. If so, where? He can’t believe anyone would do something this insane.
Hey, “The Hill”:
Stop blowing sunshine up my kilt.
CC
That would be good. Then when it is too hot or too cold they can’t work and we will be much better off. (sarcasm)
” those subsidies are not scalable”
Sure they are. The government will just print another $2 trillion every year to keep the subsidies flowing.
I wish I was joking.
And be sold with three chest freezers full of cricket meat.
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