Haymaker Daily

On tracking green trillions

Hello, Subscribers:

When climate activists grow tired of existential alarmism, they often switch (temporarily) to a financial pitch. As you can see below, that’s also a tough sell.

Sourced via Bjorn Lomborg

The script insists “green” energy is inherently cheaper than those disgusting fossil fuels that have… kept the lights of civilization on for the past century. This argument is predicated on the simplistic notion that because the sun always shines (somewhere) and wind sometimes blows (somewhere), that the extraction requirements are essentially negligible, thus rendering “green” both superior morally and savvier financially.

The problem, of course, is that intermittent energy sources like wind and solar entail substantial transmission/storage costs, and are also quite resource-intensive to thoroughly harvest, at least at the scale necessary to fill in where oil and gas leave off. Additionally, they require extensive back-up, usually natural gas peaker plants that power up during the frequent times when green energy sources, being intermittent, have powered down.

You’ll notice in the chart that nuclear energy is bundled under the “Clean energy” category, right where it belongs. It is clean and, for our part, we would have liked to see all or at least most of that $14 trillion poured into modular reactors, or even to upgrading/restoring existing reactors.

There’s a nuclear-lined path to energy revolution right in front of us. Unfortunately, it seems likely another trillion or two is destined for wind farms and carbon capture before we can, as a civilization, come to our senses.

David “The Haymaker” Hay

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