Despite us constantly being told that solar and wind are now the cheapest forms of electricity, governments around the world needed to spend $1.8 trillion (AUD$2.7 trillion) on the green transition last year.
Trillions in taxpayer subsidies haven’t made wind and solar power cheaper or better for the world, massive spending figures show
Indeed, arguing that wind and solar are the cheapest is a meme employed by green lobbyists, activists and politicians around the worldWind and solar energy only produce power when the sun is shining or the wind is blowing. The rest of the time, their electricity is infinitely expensive and a backup system is needed.
Last year, China got more additional power from coal than it did from solar and wind. India got three times as much, while Bangladesh got 13 times more coal electricity than it did from green energy sources, and Indonesia an astonishing 90 times more. Biden’s Energy Information Administration puts solar at 3.6¢ per kilowatt hour, just ahead of natural gas at 3.8¢. But if you reasonably include the cost of reliability, the real costs explode — one peer-reviewed study shows an increase of 11 to 42 times, making solar by far the most expensive source of electricity, followed by wind.
A new study looking at the United States shows that to achieve 100% solar or wind electricity with sufficient backup, the US would need to be able to store almost three months’ worth of annual electricity. It currently has seven minutes of battery storage. Globally, the cost just to have sufficient batteries would run to 10 times the global GDP, with a new bill every 15 years.
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