Optimism
From a study of research on the possibility of going to 100% renewables
“The main conclusion of the vast majority of 100% renewable energy systems studies, is that such systems can power all energy in all regions of the world at low cost”
Pessimism
However we can also read that is appears that tax payers all over the world, are still subsidising their own destruction.
An analysis of 51 countries responsible for 86% of electricity coonsumption, showed that global public subsidies for fossil fuels almost doubled to $700bn in 2021 largely through government subsidies of electricity prices.
Fatih Birol Director of the International Energy Agency remarked “Fossil fuel subsidies are a roadblock to a more sustainable future, but the difficulty that governments face in removing them is underscored at times of high and volatile fuel prices,”
And Mathias Cormann, the OECD secretary general (!!!well known for collaborating with climate/ecological damage denial governments in Australia) said “Significant increases in fossil fuel subsidies encourage wasteful consumption, while not necessarily reaching low-income households… We need to adopt measures which protect consumers [and] help keep us on track to carbon neutrality, as well as energy security and affordability”
Estimates including implicit subsidies, ie the cost of the climate and air pollution damage caused by fossil fuels, are far higher. These amounted to $5.9tn in 2020, according to the International Monetary Fund, or $11m a minute
I guess this is naked power in action
Tags: renewable energy
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