‘Green Energy’ Madness : $3.8 Trillion Spent on UNreliables to Reduce Global Fossil Fuel Consumption by One Percent

Posted: October 30, 2022 | Author: Jamie Spry | Filed under: Climate Change, Climatism, Green Energy, Unreliables | Tags: Climate Change, Climatism, crony-capitalism, Energy Poverty, Energy Security, Net Zero, Nuclear, solar, The Great Reset, unreliables, wealth transfer, wind | 3 Comments

“Renewable energy technologies simply won’t work;
we need a fundamentally different approach.”
– Top Google engineers

“Suggesting that renewables will let us phase rapidly off fossil fuels
in the United States, China, India, or the world as a whole
is almost the equivalent of believing in the Easter Bunny and Tooth Fairy.
– James Hansen
(Former NASA-climate chief)

“It is so easy to be wrong
—and to persist in being wrong—
when the costs of being wrong are paid by others.
– Thomas Sowell

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If there was ever a better (scientific) advertisement for the uselessness of UNreliables (wind and solar) then it is this.

According to economist Jeff Currie of Goldman Sachs, over the past decade, nearly four-thousand-billion-dollars of taxpayer money has been spent on windmills and mirrors to reduce fossil fuel energy consumption by 1 percent from 82 to 81 percent of overall global energy consumption.

How many more pristine landscapes, wildlife, and taxpayer bank accounts need to be decimated to realise the fanciful “NetZero2050” target, or even a 10% “transition” toward industrial wind and solar?

The mind boggles.

CNBC Squawk Box:

"At the end of last year, overall fossil fuels represented 81% of energy consumption. 10 years ago, they were at 82%," says Jeff Currie. "$3.8 trillion of investment in renewables moved fossil fuels from 82% to 81% of the overall energy consumption." pic.twitter.com/VhQN0S9oo9

— Squawk Box (@SquawkCNBC) October 3, 2022

TRANSCRIPT

Economist Jeff Currie of Goldman Sachs (Global Head of Commodities Research in the Global Investment Research Division):

“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 $3.8 trillion of investment in renewables moved fossil fuel consumption from 82 to 81 percent, of the overall energy consumption. But you know, given the recent events and what’s happened with the loss of gas and replacing it with coal, that number is likely above 82.” … The net of it is clearly we haven’t made any progress.”

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Logical commentary from CBDAKOTA:

It is hard to get your head around the fact that $3.8 trillion has been spent with so little results.  A lot of that money has been going to Crony Capitalists through subsidies and tax forgiveness.

That they have not made any progress replacing fossil fuels is understandable and that it is unlikely that wind and solar ever will.  Their lack of dispatchability will forever prevent wind and solar from being the main source of power.  Long term, nuclear power will have to be the main source of power with wind and solar playing second fiddle.

$3.8 Trillion spent on renewables has not made a precipitable change in fossil fuels use | Climate Change Sanity

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Nuclear is The Future of Mankind : Small Modular Reactors Advance in the Nuclear World

An HTMR-100 cannot melt down. If the worst possible event were to occur, the reactor will just shut itself down. If all cooling stops, the reactor will heat up a bit for 24 hours and then over the next 4 to 5 days will just cool down with no incident. That is ‘walk away safe’.

Nuclear power is the future of mankind. The world’s electricity insecurity experienced since 2020 has shown the way forward with great clarity.

Furthermore, nuclear is the only known efficient, reliable, safe, continuous and truly ‘green’ energy technology:

• Zero CO2 emissions (if you believe that invisible, odourless trace gas, and plant food CO₂ is destroying the planet).
• Zero particulate (smog) pollution.
• The least land-intensive energy technology for both plant exposure and the mining required for key resource uranium.
• ~60 year lifespan compared with an average lifespan of 15-25 years for windmills and mirrors.

A win, win for both the environment and for humanity.

There’s no such thing as a free green lunch

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See also :

• IF CO2’s Your Poison, Renewable Energy Is No Antidote | Climatism
• Dead eagle found in the wind farm
• Vindkraft: – Fant død ørn ved vindkraftverk (Video of Irene Høvik who discovered the dead eagle on the wind farm in Norway)

Green-Energy-Fail related :

• Energiewende | Climatism

‘Climate Crisis’ related :

• EPJ Scientific Study : There Is No ‘Climate Crisis’ | Climatism
• Peer-Reviewed Study: No Positive Trends In Extreme Weather Found | Climatism

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