https://www.wsj.com/articles/western-worlds-energy-folly-in-a-new-york-nutshell-europe-renewables-grid-reliability-green-fossil-fuels-emissions-wind-solar-11666374183?mod=opinion_trending_now_opn_pos3
The latest report from New York state’s grid operator is a master class in everything wrong with the Western world’s approach to climate change.
That is: everything wrong with an approach that consists of throwing money at green business interests in defiance of any practical consideration. If you think something else is going on, such as abating climate change, think again.
To meet a legislated goal of emissions-free electricity by 2040, New York will need up to 45 gigawatts of what it delicately calls DEFRs, or dispatchable emissions-free resources. Not only is that more than the state’s total current generating capacity of 37 gigawatts, these DEFRs, which are carbon-free like wind and solar yet not interruptible like wind and solar, don’t exist and have no prospect of existing in the next decade. Starting very much sooner than 2040, New York’s real choice will be Third World electricity reliability vs. paying fossil-fuel operators large fees to keep their plants up and running in a highly inefficient part-time fashion.
Many involved in the state’s energy “transition” might question whether purging the last 10% or 5% of fossil fuels from the system is worth the exorbitant cost. Don’t expect anyone to admit the bigger problem: The transition won’t likely do much to reduce global emissions.
This is the great unmentionable. When New Yorkers use less coal, oil or gasoline because of environmental mandates, the market price transmits the benefit to other global users, who then use more. Even more unspeakable is the corollary: Emission-spewing activities simply relocate from one part of the world to another. China’s emissions growth, from half the U.S.’s to almost 300% of the U.S.’s in 30 years, is partly the product of a transplant of emissions from the U.S. and Europe.
If pressed, Biden officials will privately revert to gobbledygook about carbon taxes that appear immaculately without anyone having to advocate them. The media fill the gap with wishful thinking and Soviet econometrics, confusing inputs with outputs. Yes, world-wide investment in renewables in the past two years has exceeded investment in fossil fuels. Supposedly this proves fossil fuels are on their way out. No, it proves fossil fuels are a better deal, consuming less investment to meet their share of the world’s growing power needs.