Welcome to Tesla Motors Club
Discuss Tesla's Model S, Model 3, Model X, Model Y, Cybertruck, Roadster and More.
Register

Cairo Review: “The New Age of Renewable Energy”

ecarfan

Well-Known Member
Sep 21, 2013
19,351
14,020
West Vancouver, British Columbia
See The New Age of Renewable Energy

Article author Jeffrey Ball is the scholar in residence at Stanford University’s Steyer-Taylor Center for Energy Policy and Finance and a lecturer at Stanford Law School. He is also a nonresident senior fellow at the Brookings Institution’s Cross-Brookings Initiative on Energy and Climate.

Quote from the article: “...though wind and solar energy represent a tiny percentage of total global energy, they have achieved critical mass. They have arrived at a third stage, one with massive ramifications for the global economy: the Age of Viability.

What has ushered in renewable energy’s Age of Viability is an extraordinary, and extraordinarily fast, decline in renewable-energy prices. Driven first by Europe and then by China, the Age of Subsidy scaled up renewable energy. Those subsidies slashed renewable energy’s prices to levels that, in some locations and in some circumstances, now are lower than the prices of electricity produced by coal, natural gas, and nuclear power.

Wind and solar still are subsidized in major markets. And the wind and solar industries have assembled powerful lobbying machines gunning to preserve the subsidies. But many leading economies—the United States, and many countries in Europe, and even China itself—are reforming their renewable-energy subsidies in a bid to make them more economically efficient.

Yet something strange is happening: despite the rationalization of these subsidies, the percentage of electricity that these countries generate from wind and solar continues to grow. In 2016, wind and solar together accounted for nearly 20 percent of electricity generation in Germany, the world’s fourth-largest economy; nearly 15 percent in the United Kingdom, the fifth-largest economy; and 20 percent in California, which if it were a country would be the world’s sixth-largest economy.”
——————————-

And to counter the inevitable naysayers who claim that wind and solar are only growing because of government subsidies, I would point out that the author notes this: there is the annual amount of “$260 billion spent globally on fossil-fuel consumption subsidies.”

As Elon has repeatedly pointed out, he would be fine if all renewable energy and EV subsidies were taken away as long as the orders of magnitude greater fossil fuel subsidies were also taken away.
 

Products we're discussing on TMC...

About Us

Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.

Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


SUPPORT TMC
Top