Friday, April 19, 2024

Why solar and wind power aren't winning | Financial Post

Bjorn Lomborg: Why solar and wind power aren’t winning
  • All-in costs too high once you count fossil fuel and battery backups, land requirements and damage their equipment does.
"We are constantly being told that solar and wind are now the cheapest forms of electricity. 
Yet governments around the world felt they had to spend US$1.8 trillion on the green transition last year.
  • Wind and solar only produce power when the sun is shining or the wind is blowing...
Modern societies need power 24/7. 
Solar and wind power’s unreliable and intermittent operation involve large, often hidden costs...
  • In the world’s poorest, electricity-starved countries, however, there is little fossil fuel energy infrastructure to begin with. 
  • Hypocritically, wealthy countries refuse to fund sorely needed fossil fuel energy in the developing world. 
  • Instead, they insist the world’s poor cope with unreliable green energy supplies that can’t power the pumps or agricultural machinery needed to lift populations out of poverty...

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