“While a number of commodities such as electronics, electrical goods and computing power across the country – and the globe – have gotten much cheaper over the years due to development, the price of electricity in Germany has “more than doubled since 2000”.
5 million struggling to pay for their power
Almost all of this is due to the Germany’s ‘Energiewende’: the transition to renewable energies and away from nuclear power and fossil fuels like coal.” click here
Diogo Santos Pereira, António Cardoso, José Alberto. Are renewables affecting income distribution and increasing the risk of household poverty? Energy, Volume 170, 1 March 2019, Pages 791-803.
The worldwide electricity mix has become diversified, mainly through the exploitation of endogenous and green resources. However, doubt has been cast on the much-vaunted advantages of renewables due to some of their characteristics, such as availability, security and affordability. In fact, growth in the installed capacity of renewable energy has increased electricity prices, which raises the question of how households have withstood the cost of energy transition. The main aim of this study is to empirically assess and discuss: (i) whether different types of household have suffered dissimilar effects from the promotion of renewables; (ii) the consequences of promoting renewables on household income; and (iii) if the promotion of renewables has reduced the risk of poverty and social exclusion. A panel data of European countries has been analysed using Kao’s residual cointegration test, and an Autoregressive Distributed Lag approach, to assess the relationships. This paper proves that both income and risk of household poverty are directly linked with renewable energies, in both the short- and long-run. The energy transition to renewables has had negative consequences for households. Thus, the disadvantaged households should be helped to meet the increased cost arising from the energy transition.
“Between 2009 and 2017, the price of solar panels per watt declined by 75 percent while the price of wind turbines per watt declined by 50 percent.
And yet — during the same period — the price of electricity in places that deployed significant quantities of renewables increased dramatically.” click here
“This “new energy economy” rests on the belief—a centerpiece of the Green New Deal and other similar proposals both here and in Europe—that the technologies of wind and solar power and battery storage are undergoing the kind of disruption experienced in computing and communications, dramatically lowering costs and increasing efficiency. But this core analogy glosses over profound differences, grounded in physics, between systems that produce energy and those that produce information.” click here
“Even more infuriating is that the Sierra Club has joined in the charade by pushing for the project. Recent opinion pieces and advertisements regarding the Sierra Club’s support for Apex’s proposed industrial wind project along the shores of Lake Ontario — despite the massive environmental destruction such a large-scale industrial project will cause in a major migratory flyway — are simply disgusting. Apparently the Sierra Club is indifferent of the local citizenry’s and other groups’ overwhelming opposition to the project. Or, like the corporate rent-seekers at Apex, they just don’t care.” click here
“Mayors in more than 100 US cities have announced plans to transition their electrical power systems to 100 percent renewable by 2050. They propose replacement of traditional coal, natural gas, and nuclear generating stations with wind, solar, and wood-fired stations. But none of these mayors has a plausible idea of how to meet their commitment.” click here
“Democrats’ Green New Deal legislation envisions a United States that eliminates all greenhouse gas emissions through a massive expansion of government control, which includes a green grid, electrified mass transit and high-speed rail.” click here