Beyond Boom and Bust: Report Overview
Despite
robust growth and recent improvements in price and performance, a boom
in US clean energy technology ("clean tech") sectors could now falter as
federal clean energy spending declines sharply, according to a new
report published today
If the data is correct, the US government (taxpayers) have invested more than $100 billion in the last few years on wind and solar schemes. This may have leveraged about $500 billion in total investment. It's fair to ask what we have to show for it?
ReplyDeleteNothing.
Numerous studies have confirmed the fact that we haven't reduced CO2 at all. After subsidies run out, as your analysis shows, there will be no additional deployment.
Why are we pretending that wind and solar make sense? This false hope prevents us from seeking a real solution.
To further prove this reality, Washington and Oregon are gearing up to export massive amounts of coal to China, where it will be used to generate electricity and to make wind turbines and solar panels... then ship them back to us. Can't you see the lunacy?
Instead of continuing to waste billions on clean-tech subsidies, how about we find a solution first? DOE does not have a Plan - nobody does. If we simply posted a $1 billion reward (yes, prize money) to find a solution, we just might find it. Dr. Chu's repeated assertion that "there is no silver bullet" has no foundation. We should find out.
Wind and solar will never be a significant part of our electricity generation mix. They are simply unreliable and expensive "supplements."
Find a solution, then spend money on deployment.
My work is here: http://www.Solutioneur.com