Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
While some wish to focus on the costs of a switch to green energy, the costs of doing nothing are far more dire. Moody's is not run by a bunch of crazed environmentalists seeking world dominium nor is Moody's in the business of publishing wild-eyed diatribes about imaginary financial costs. If anything their estimates are far too low.
The longer we wait, the greater the damage and the higher the cost of trying to fix something that's broken. A carbon tax is pennies by comparison.
Yes, climate change is a very serious problem.
Unfortunately, there is no solution to climate change (other than nuclear power, which most environmentalists oppose).
Germany tried a massive program of solar and wind, but it failed to significantly reduce carbon dioxide emissions. They did manage to greatly increase their electricity costs, however.
so doing nothing the cost of "global warming" will be $69 trillion, but the cost of the green new deal is set at about $93 trillion. hmm sounds to me like its cheaper to not do anything than to try and stop it, which wont happen anyway.
So how do we stop Nature's portion of Climate Change which is much greater? Oh wait, how much is Nature's percentage of Climate Change, and how much is Man's percentage? Can anyone answer that as Nature's is ALWAYS CHANGING?
Unfortunately, there is no solution to climate change (other than nuclear power, which most environmentalists oppose).
Germany tried a massive program of solar and wind, but it failed to significantly reduce carbon dioxide emissions. They did manage to greatly increase their electricity costs, however.
German CO2 emissions went from 751 mmt in 2009, to 725.7 mmt in 2018, which is the only year emissions actually dropped below 2009 levels, every other year they were flat or increased. https://www.statista.com/statistics/...sions-germany/
This brings up another question, we hear claims that wind and solar are now cheaper than fossil energy, yet places that use more wind and solar also have extremely high power prices. Why?
This brings up another question, we hear claims that wind and solar are now cheaper than fossil energy, yet places that use more wind and solar also have extremely high power prices. Why?
Apr 22, 2019
Unreliable Nature Of Solar And Wind Makes Electricity More Expensive, New Study Finds
Solar panels and wind turbines are making electricity significantly more expensive, a major new study by a team of economists from the University of Chicago finds.
Feb 8, 2019
The average LCOEs from existing coal ($41), cc gas ($36), nuclear ($33), and hydro ($38) resources are less than half the cost of new wind resources ($90) or new PV solar resources ($88.7) with imposed costs included.
This brings up another question, we hear claims that wind and solar are now cheaper than fossil energy, yet places that use more wind and solar also have extremely high power prices. Why?
Government subsidies at the beginning... phased out as time passes.
In more common terms - bait and switch.
Meanwhile - the green industry sector will be rolling in the green.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
