There is a large flaw in the projections of 50% renewables by 2050.
Take note of China and India which are the two largest coal users in the world and are continuing to build out coal plants at a rapid rate (China is adding 10% by 2025).
Take note of China and India which are the two largest coal users in the world and are continuing to build out coal plants at a rapid rate (China is adding 10% by 2025).
For China to reach 48% and India 55% will require an enormous build-out of wind and solar while shutting down coal plants.
Countries that have built out renewable capacity have experienced rapidly increasing electricity prices. Denmark, Germany, Italy, Portugal, and Ireland have all seen prices rise ~30% over the last 10years.
These countries are perfectly positioned for renewables and in particular wind with high wind speeds through the regions
So the failure of Germany's Energiewende with $580B spent, no emissions reduction and barely replaced generation taken offline make the next slide interesting
So the failure of Germany's Energiewende with $580B spent, no emissions reduction and barely replaced generation taken offline make the next slide interesting
How is China and India supposed to transition to 48% and 55% renewables respectively when they have little wind?
Solar could work but running even a quarter of either of these countries on it is a pipe dream.
Solar could work but running even a quarter of either of these countries on it is a pipe dream.
Renewables are uneconomic and unsuitable.
Nuclear is the only way rapid decarbonization could take place as occurred in France or Sweden.
Nuclear is the only way rapid decarbonization could take place as occurred in France or Sweden.
I ran through this all in more detail here: https://traderferg.com/renewable-debate/