‘What if Green Energy Isn’t the Future?’ – None of wealthy nations in UN Paris pact —or any of poor

[rangerrebew]

‘What if Green Energy Isn’t the Future?’ – None of wealthy nations in UN Paris pact —or any of poor ones—have come close to meeting green pledges

Mark P. Mills: "There’s a reason Warren Buffett decided to bet $10 billion on the future of oil and natural gas...For a bellwether reality-check, note that none of the wealthy nations that are parties to the Paris Accord—or any of the poor ones, for that matter—have come close to meeting the green pledges called for. In fact, let’s quote the International Energy Agency on what has actually happened: “Energy demand worldwide [in 2018] grew by . . . its fastest pace this decade . . . driven by a robust global economy . . . with fossil fuels meeting nearly 70% of the growth for the second year running.” The reason? Using wind, solar and batteries as the primary sources of a nation’s energy supply remains far too expensive. You don’t need science or economics to know that. Simply propose taking away subsidies or mandates, and you’ll unleash the full fury of the green lobby...

None of the wealthy nations that are parties to the Paris Accord—or any of the poor ones, for that matter—have come close to meeting the green pledges called for...

Green forecasters are likely out over their skis. All the predictions assume that emerging economies—the least wealthy nations—will account for more nearly three-fourths of total new spending on renewables. That won’t happen unless the promised radical cost reductions occur."

By: Marc Morano - Climate DepotMay 31, 2019 10:15 AM with 0 comments

https://www.wsj.com/articles/what-if-green-energy-isnt-the-future-11558294830?utm_source=CCNet+Newsletter&utm_campaign=8687855afa-EMAIL_CAMPAIGN_2019_05_31_01_39&utm_medium=email&utm_term=0_fe4b2f45ef-8687855afa-36447085

https://www.climatedepot.com/2019/05/31/what-if-green-energy-isnt-the-future-none-of-wealthy-nations-in-un-paris-pact-or-any-of-poor-ones-have-come-close-to-meeting-green-pledges/