Although wind and solar proponents still claim costs are falling, the reality is the opposite. Offshore wind developers, especially, are clamoring to renegotiate contracts they signed previously, including guaranteed price adjustments for increasing costs, and relaxing the domestic content requirement so they can claim the additional 10% ITC.
Despite spiraling deficits – almost $2 trillion in the fiscal year that ended this past October – green energy subsidies will be financed with still more government debt. With the increase in interest rates to normal levels, financing costs will soar, adding an estimated $500 to $800 billion to the bill costs, almost as much as the subsidies themselves.
I don’t believe this. Green energy is “cheap” and “unlimited” and I cannot be convinced otherwise.
OK, I’ll bite one more time:
Well, we’re switching venues to Solar, but for this specific comparison, the legislation for “Net Metering 3.0” was driven by PGE and Utilities because they don’t want to compete. And saying “corresponding to legislation has it backward” - legislation should lead to outcomes that people want. This was an incredibly unpopular decision in California, especially home owners with rooftop solar. In this case, a huge marketing FUD campaign to curtail rooftop solar is the cause, so it’s a bit like saying “if enough fossil fuel folks throw money at killing offshore wind and legislation follows, then clearly the legislation was right”
Come on… really? I’m literally pointing out that this article headline is screaming that $20B/Year subsidy for offshore wind will crush our economy and add to our debt and that by that VERY SAME MEASURE, the subsidies for Fossil Fuels are an order of magnitude larger, but you’ve seen no outcry from the article saying those subsides impact our deficit almost 40x as much. I’m making a 1:1 comparison using the article’s own criteria. That’s not whataboutism. I didn’t go “solar and wind good, oil bad” to make my argument. I’m saying it takes a dishonest tone to imply this $20bn subsidy is a jobs killer or deficit crusher when your own backers get far far more of those same subsidy dollars!
OK, I guess we agree on something.
Wrong about what? If I’m sticking to the article and not going off on this other tangent, then the article is saying that offshore wind is going to soak up more subsidy dollars to get off the ground? I’ll 100% take that on good faith that they aren’t misreporting and that it will indeed cost more for these projects than originally anticipated.
Is this an argument? I never once claimed that the article was wrong about offshore wind taking more dollars. If you want to delve into who and when “someone” gets to choose what’s right and what’s wrong, 97% of scientists agree that human activity (namely Carbon) injected into the atmosphere on a massive scale in the last 150 years. That consensus was reached and has been proven out in global temp rises over the last 30 years, the last 10 of which surpassed each other in terms of “record hot”. So I guess we let scientists who know their shit decide based on the science experimentation and analysis.
I disagree that your previous argument covers this.
You did at that. I never disagreed. Offshore Wind is going to be pricier than anticipated. ANYTHING done on water ends up costing more. That one item doesn’t detract from the fact that it’s a fossil fuel backed propaganda arm using one example to smear all renewables and the political agenda to get more renewables on line in face of us rapidly crossing an agreed 1.5 deg. Celcius increase that will change the face of human history.
This is a pretty self-service statement, isn’t it? I guess I’ll say thank you for sharing this article and discussing it. The article takes one mildly negative piece against one renewable resource and tries to bury the lede of it’s own industry subsidation. Are the wrong about that one negative? I didn’t say they were. I’m saying it’s FUD and propaganda by an industry deathly afraid of losing their cash cow. I’m not making this personal about you, not even for posting. I think it serves as a useful example for critical thinking and how we can all be manipulated to share the bullshit someone wants us to spread along with a small nugget of truth…
thanks for engaging. i think we agree on many of these things. the only difference I’ll lean into is that this piece correspondes to legislation.
I think it does correspond as I described. Should it? Another thing we agree on.