from Moonbattery:
When you see this in Roto-Reuters, stick a fork in net zero:
The pursuit of net zero carbon emissions has been a resounding failure. Despite trillions of dollars spent on renewable energy, hydrocarbons still account for over 80% of the world’s primary energy and a similar share of recent increases in energy consumption, according to The Energy Institute. … The financial markets were already losing confidence in the energy transition before Donald Trump returned to the White House.
TRUTH LIVES on at https://sgtreport.tv/
Like society’s descent into leftism, the green energy transition has been presented to us by the liberal establishment as historically inevitable. Yet it is not going to happen.
Solar and wind power have grown to a mere 3.5% of primary energy production.
Massive government subsidies cannot erase the fact that these are not economically rational means of generating electricity because they are intermittent.
Germany and the United Kingdom, which get a relatively large share of their electricity from renewables, also suffer from the world’s highest electricity costs.
The damage goes beyond inflated electric bills:
High energy costs have crippled domestic manufacturing.
Even if you believe that reducing CO2 emissions will improve the weather,
Targets for reducing greenhouse gas emissions are measured on territorial production. This incentivises countries to switch from domestic manufacturing to importing energy intensive goods, often from countries such as China and India, whose factories are largely powered by coal-powered electricity. Thus, the reduction in an individual country’s emissions can lead to an increase in global emissions.
There will be energy transitions in the future, just as there have been in the past. However,
Each was accomplished by market forces rather than government fiat.
It has been obvious for some time that green energy is not economically sane and that a serious attempt to impose net zero would result in economic collapse. Why is Reuters beginning to acknowledge this now? JoNova answers:
Because reality is making Reuters look stupid — it’s not the reality of high costs or blackouts, but the reality that Trump won, and set fire to the “transition” fantasy by dumping Paris, dropping subsidies, opening gas fields, and installing a corporate energy CEO as the US Energy Secretary. Chris Wright and JD Vance are dropping truth bombs in speeches that can’t be ignored. Word is spreading fast, and if Reuters don’t report this, they risk being turned into the same irrelevant wreckage the US mainstream media channels already are.
