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Author Topic: Claim: The Energy Transition will only cost $3-12 Trillion per Year  (Read 638 times)

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Offline rangerrebew

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Claim: The Energy Transition will only cost $3-12 Trillion per Year
« on: November 21, 2024, 08:37:28 am »
Claim: The Energy Transition will only cost $3-12 Trillion per Year
3 hours ago 
Essay by Eric Worrall

“Much cheaper than you think”

The energy transition will be much cheaper than you think

…

Yet, this one point of agreement between climate activists and carbon addicts is, in fact, wrong. Greening the world economy will be much cheaper than the two groups imagine. … the sort of estimates that routinely form the basis for policymaking. They range from around $US3 trillion ($4.6 trillion) a year to almost $US12 trillion a year, which is indeed a lot. But these figures are overblown in four important ways.

…

The incremental bill to cut emissions is likely to be less than $US1 trillion a year, which is to say less than 1 per cent of global GDP – not peanuts, but not an unaffordable pipe dream, either. …
…

The IEA’s modelling finds that reaching net zero by 2050 will require $US5 trillion a year of investment in clean energy by 2030. That is more than twice the $US2 trillion a year it reckons is currently going into clean energy and two-thirds more than its estimate of total current investment in energy.

https://wattsupwiththat.com/2024/11/21/claim-the-energy-transition-will-only-cost-3-12-trillion-per-year/
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Offline Fishrrman

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Re: Claim: The Energy Transition will only cost $3-12 Trillion per Year
« Reply #1 on: November 21, 2024, 05:44:47 pm »
"...only cost $3-12 Trillion per Year"

Just some numbers to ponder...
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Offline Bigun

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Re: Claim: The Energy Transition will only cost $3-12 Trillion per Year
« Reply #2 on: November 21, 2024, 05:52:42 pm »
Quote from: Fishrrman on November 21, 2024, 05:44:47 pm
"...only cost $3-12 Trillion per Year"

Just some numbers to ponder...

A U. S. Senator once said "A billion here, a billion there, and pretty soon you're talking about real money!"  That guy was a piker!
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Offline IsailedawayfromFR

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Re: Claim: The Energy Transition will only cost $3-12 Trillion per Year
« Reply #3 on: November 21, 2024, 10:05:51 pm »
besides the cost, it is also impossible to attain, so why spend the money?
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Offline DefiantMassRINO

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Re: Claim: The Energy Transition will only cost $3-12 Trillion per Year
« Reply #4 on: November 21, 2024, 11:15:21 pm »
Do those numbers include the replacement cost for defective or worn wind turbine blades?  The people on Nantucket would like to know.

If the "Energy Transition" was cost effective, it would not require large Government subsidies and heavy-handed Government mandates.

First, they came for coal.   Then they came for nuclear.  Now they are coming for methane.  What's next?
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