Manonthestreet
Diamond Member
- May 20, 2014
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Acording to their own propo, to wit
But other data complicate that picture. The global economy’s dependence on fossil fuels declined from just 86% to 84% over the last 20 years. Solar and wind supply just 5% of global energy. And there are so few EVs that they reduce petroleum consumption by just a half percent of global demand.
Meanwhile, places with heavy renewables penetration are reaching their limits. The amount of zero-carbon electricity California generated declined by 10% over the last decade, because of less hydroelectricity from drought, and the 2011 closure of San Onofre nuclear plant, which was 9% of the state’s total electricity generation. In Germany, the total amount of electricity from renewables declined in 2021, even as overall electricity consumption rose.
End Of Renewables Craze Is Near
Renewables have stalled out in California and Germany :: UK announces it will frack for natural gas :: South Korea cuts renewables to fund nuclear
michaelshellenberger.substack.com
Meanwhile, places with heavy renewables penetration are reaching their limits. The amount of zero-carbon electricity California generated declined by 10% over the last decade, because of less hydroelectricity from drought, and the 2011 closure of San Onofre nuclear plant, which was 9% of the state’s total electricity generation. In Germany, the total amount of electricity from renewables declined in 2021, even as overall electricity consumption rose.