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Most of The World Could Be 100% Powered With Renewables by 2050

The climate commissars are losing.

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[h=1]On the Climate Road to Serfdom[/h][FONT=&quot]BY ROBERT L. BRADLEY, JR. The political world is saying “no” to policies that make energy less available, more expensive, less reliable, and more intrusive. Hyperbole of peak demand is going the way of Peak Oil as the hydrocarbon production boom creates its own demand. Little wonder that compared to 1988 when global warming became…
Continue reading →
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Jack Hays said:
The climate commissars are losing.

[FONT="][URL="https://wattsupwiththat.com/2020/01/20/on-the-climate-road-to-serfdom/"]
Serfdom.jpg
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On the Climate Road to Serfdom

[FONT="][FONT=inherit]BY ROBERT L. BRADLEY, JR. The political world is saying “no” to policies that make energy less available, more expensive, less reliable, and more intrusive. Hyperbole of peak demand is going the way of Peak Oil as the hydrocarbon production boom creates its own demand. Little wonder that compared to 1988 when global warming became…[/FONT]
[FONT=inherit][URL="https://wattsupwiththat.com/2020/01/20/on-the-climate-road-to-serfdom/"]Continue reading →[/URL][/FONT]
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The opposite is true that people can produce their own electricity to fuel their energy needs for their household and cars. Thereby reducing their need for getting electricity, fuel and energy from giants corporation and brutal dictatorships. That why you have so massive propaganda against renewable energy and against the scientific consensus about climate change.That those giant wants to protect their enormous profits and see that the threat that people not only will create their own energy. While also the the threat that small and medium size companies can starting to use and produce the renewable energy they have created themselves.

How the oil industry has spent billions to control the climate change conversation | Business | The Guardian

Also the fact that the transition away from fossil fuel means less money spend on propping up brutal dictatorships in the Middle East. That those countries have used their massive profits from exporting fuels to oppress their own people and wage brutal wars in neighboring countries.

World Report 2019: Saudi Arabia | Human Rights Watch
 
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Bergslagstroll said:
The opposite is true that people can produce their own electricity to fuel their energy needs for their household and cars. Thereby reducing their need for getting electricity, fuel and energy from giants corporation and brutal dictatorships. That why you have so massive propaganda against renewable energy and against the scientific consensus about climate change.That those giant wants to protect their enormous profits and see that the threat that people not only will create their own energy. While also the the threat that small and medium size companies can starting to use and produce the renewable energy they have created themselves.

How the oil industry has spent billions to control the climate change conversation | Business | The Guardian
Click to expand...
Except that most renewable energy sources on their own can not meet the demands of modern life,
without a substantial additional investment in batteries.
The more usable grid assist systems, are just as tied to giants corporation and brutal dictatorships, as everyone else.
Safety equipment, prevents many solar panel systems from generating any power, if the grid is down.
Solar has a place, but it will not displace the existing electrical companies.
 
Bergslagstroll said:
The opposite is true that people can produce their own electricity to fuel their energy needs for their household and cars. Thereby reducing their need for getting electricity, fuel and energy from giants corporation and brutal dictatorships. That why you have so massive propaganda against renewable energy and against the scientific consensus about climate change.That those giant wants to protect their enormous profits and see that the threat that people not only will create their own energy. While also the the threat that small and medium size companies can starting to use and produce the renewable energy they have created themselves.

How the oil industry has spent billions to control the climate change conversation | Business | The Guardian

Also the fact that the transition away from fossil fuel means less money spend on propping up brutal dictatorships in the Middle East. That those countries have used their massive profits from exporting fuels to oppress their own people and wage brutal wars in neighboring countries.

World Report 2019: Saudi Arabia | Human Rights Watch
Click to expand...

From the link in #3451:

[FONT=&quot]Little wonder that compared to 1988 when global warming became a political issue, U.S. fossil-fuel consumption has grown 13 percent despite generous government subsidies to ethanol, wind power, and solar power.[/FONT]
[FONT=&quot]In fact, growth in carbon-based energies in the last 30 years almost matches the total production of these three subsidized renewables, according to statistics compiled by the U.S. Energy Information Administration.[/FONT]
[FONT=&quot]Overall, the market share of carbon-based energy is a robust 80 percent US and 85 percent globally. This percentage will increase, not decrease, should subsidy fatigue and grassroots pushback against land-intensive solar and wind installations grow.[/FONT]
 
Welcome to Renewable Hell.

[h=2]Sydney on blackout watch, people told to close windows and doors, turn off non-essential[/h]
In the largest city in a country with 300 years of coal left, yesterday the government asked a few million people to pull down the blinds on a midsummers day, to turn off the pool pumps, and not run the dishwasher from 4 – 8pm if they could avoid it. It was 42 degrees C.
Remember the good old days when the nation could afford to run the air con? Here in metropolis Australia, some days it’s better to bunker down in a few dark rooms with the air con at survival mode.
Welcome to Renewable World. What’s wrong with all those solar panels? Between dust storms and bushfires and the hail in Canberra, possibly they are covered in dust or soot, or perhaps, holes.
Imagine how much productive brain power is being consumed. The whole nation (almost) is becoming involved in management of the hypercomplex random generation network. As well as all those poles and wires and control rooms, we now need radio and twitter to send messages to the serfs to open and close windows, change their work schedules, or run out and click the pool pump off.
[h=3]’Close your doors’: NSW’s power at capacity[/h]Ben Graham, The Observer, Jan 23rd
The government is advising people reduce electricity demand for a few hours this afternoon, by:
· closing doors, windows and blinds to keep the heat out;
· switching off non-essential appliances such as pool pumps;
· cooling a minimum number of rooms; and setting air conditioners to 26 degrees.
“The peak period for power use in NSW is expected to be between 4pm and 8pm, according to the Australian Energy Market Operator (AEMO) and we are asking consumers to reduce their demand during this period where it is possible and safe to do so.”
[h=3]Plea to turn off power as St George and Sutherland Shire swelters[/h]While the grid appeared to survive another day, things could easily get worse. The peak heat of summer may (or may not) be over, but here in Oz, summer holidays are winding up, and school and industry will return to full demand in the next two weeks, yet NSW is already struggling. If there is a hot humid day in February, things may not work out so well.
Coming soon: no hot meals for you at dinnertime.
[h=4]A fragile grid:[/h][h=3]NSW on blackout watch as conditions worsen[/h]Angela Macdonald-Smith
The Australian Financial Review
The power market operator has been forced to call on emergency reserves for the third time this summer to prevent potential blackouts in sweltering NSW as the electricity grid strained under the the impact of wild weather, generator outages and high demand.
Keep reading →




 
longview said:
Except that most renewable energy sources on their own can not meet the demands of modern life,
without a substantial additional investment in batteries.
The more usable grid assist systems, are just as tied to giants corporation and brutal dictatorships, as everyone else.
Safety equipment, prevents many solar panel systems from generating any power, if the grid is down.
Solar has a place, but it will not displace the existing electrical companies.
Click to expand...

Nigeria, a big producer of metal, is ranked as a hybrid government and there also measure to make metal mining more sustainable and also find other sources. Their metals in batteries can also be reused. While after decades of costly involvement in the Middle East, with the for example the trillion dollars Iraq war, countries like Saudi Arabia still ranks as extreme authoritarian.

Democracy Index - Wikipedia

Households and small business can also be part of and profit from massive virtual power plant that can produce electricity on demand.

"The South Australia government and the Australian Energy Market Operator have hailed the success of the state’s solar and battery virtual power plant, after it came to the rescue during an unexpected coal power outage in Queensland last month.

AEMO said on Friday that on October 9, the South Australia VPP – which currently combines the stored solar resource of hundreds of homes with rooftop PV and storage – injected energy into the National Electricity Market (NEM) in response to a large generator outage in the Sunshine State.

The outage at Queensland’s Kogan Creek coal power station happened when the unit – the biggest single unit in Australia – tripped, reducing supply by 784MW, and causing the power system to drop well below the normal level of system frequency."

South Australia household batteries keeps lights on in Queensland after coal unit fails | RenewEconomy
 
Bergslagstroll said:
By 2050 most of the world could be 100% powered with renewable energy while at the same lead to a net increase of 24 million new jobs, according to a new 2050 roadmap.



Most of The World Could Be 100% Powered With Renewables by 2050

Direct link to the study: https://web.stanford.edu/group/efmh/jacobson/Articles/I/CountriesWWS.pdf
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What a happy picture the climate alarmists paint for America. If we will be willing to do away with cows, coal and cars which burn fossil fuels and open our wallets to skyrocketing costs for utilities, transportation and consumer goods shipped by new transportation methods utilizing very expensive green energy fuels then we may in just a few short decades or centuries be headed for a worldwide tropical climate of Eden. However, there is a down side to all of this. We must also donate trillions of dollars every year from our treasury to poor nations to help them do their part as well.
 
Jack Hays said:
From the link in #3451:

[FONT="]Little wonder that compared to 1988 when global warming became a political issue, U.S. fossil-fuel consumption has grown 13 percent despite generous government subsidies to ethanol, wind power, and solar power.[/FONT][/COLOR]
[COLOR=#404040][FONT="]In fact, growth in carbon-based energies in the last 30 years almost matches the total production of these three subsidized renewables, according to statistics compiled by the U.S. Energy Information Administration.[/FONT]
[FONT="]Overall, the market share of carbon-based energy is a robust [URL="https://www.eia.gov/todayinenergy/detail.php?id=41353"]80 percent US[/URL] and 85 percent globally. This percentage will increase, not decrease, should subsidy fatigue and grassroots pushback against land-intensive solar and wind installations grow.[/FONT]
Click to expand...

Sadly you have US government and other governments that have prop up fossil fuels.

Daily chart - Donald Trump hopes to save America’s failing coal-fired power plants | Graphic detail | The Economist

Adani mine would be 'unviable' without $4.4bn in subsidies, report finds | Environment | The Guardian

https://www.theguardian.com/environ...fuel-subsidy-cash-pay-green-energy-transition

While the much smaller governmental support in renewable have really payed off and renewables are starting to outcompete fossil fuels on prices.

https://www.forbes.com/sites/energy...from-unstoppable-solar-and-wind/#426b87b22c84

There even Republicans are seeing the great benefits of renewable energy.

https://www.forbes.com/sites/joshua...n-leaders-love-renewable-energy/#98c20a13da79
 
marke said:
What a happy picture the climate alarmists paint for America. If we will be willing to do away with cows, coal and cars which burn fossil fuels and open our wallets to skyrocketing costs for utilities, transportation and consumer goods shipped by new transportation methods utilizing very expensive green energy fuels then we may in just a few short decades or centuries be headed for a worldwide tropical climate of Eden. However, there is a down side to all of this. We must also donate trillions of dollars every year from our treasury to poor nations to help them do their part as well.
Click to expand...

US would only have contributed three billions up to 2020 to the Green Climate Fund. This can be compared to the billions of dollars a years Trump wants to spend on propping up failing coal plants or the trillion dollar cost of the Iraq war.

Also just the benefits of reducing air pollution would be much bigger than the cost of the Paris accord.

Health benefits far outweigh the costs of meeting climate change goals

On top of that you have the devastating costs and risk with climate change.

Climate crisis fills top five places of World Economic Forum’s risks report | Business | The Guardian
 
Bergslagstroll said:
US would only have contributed three billions up to 2020 to the Green Climate Fund. This can be compared to the billions of dollars a years Trump wants to spend on propping up failing coal plants or the trillion dollar cost of the Iraq war.

Also just the benefits of reducing air pollution would be much bigger than the cost of the Paris accord.

Health benefits far outweigh the costs of meeting climate change goals

On top of that you have the devastating costs and risk with climate change.

Climate crisis fills top five places of World Economic Forum’s risks report | Business | The Guardian
Click to expand...

Obama campaigned in 2008 on enacting climate change legislation that would cause poor people's electric rates to "skyrocket" (his term.) I hate to see poor people burdened unnecessarily like that just because politicians have been duped into believing humans can change the weather.
 
Bergslagstroll said:
Sadly you have US government and other governments that have prop up fossil fuels.

Daily chart - Donald Trump hopes to save America’s failing coal-fired power plants | Graphic detail | The Economist

Adani mine would be 'unviable' without $4.4bn in subsidies, report finds | Environment | The Guardian

Just 10% of fossil fuel subsidy cash 'could pay for green transition' | Environment | The Guardian

While the much smaller governmental support in renewable have really payed off and renewables are starting to outcompete fossil fuels on prices.

Renewable Energy Prices Hit Record Lows: How Can Utilities Benefit From Unstoppable Solar And Wind?

There even Republicans are seeing the great benefits of renewable energy.

Why Republican Leaders Love Renewable Energy
Click to expand...

This is mostly fantasy.
 
$0.34/kwh! German Electricity Prices Skyrocket To New Record Highs…”A Gigantic Redistribution Machine”

By P Gosselin on 26. January 2020
Germany’s Energiewende (transition to green energies) is driving up prices

by Holger Douglas
(Translated/edited by P. Gosselin)
For a long time, electricity prices have known only one direction: upwards! Ever faster, ever more clearly. Now the shock for many families: The Federal Government has presented official figures in an answer to an inquiry from the FDP Free Democrats parliamentary group in the Bundestag and announced the true extent of the electricity price increase.
320 euros extra annually per household
In the past ten years, the price of electricity for households and industry has risen by a third. According to the Augsburger Allgemeine, which quotes from the paper, the price of electricity rose by 35 percent between 2009 and 2019. For a typical household with 4,000 kWh per year, this means 320 euros in additional costs for electricity alone.
This is even more than the various comparison websites had previously calculated.
8% hike
BILD expresses how drastic it is: “The electricity price wave is sweeping over Germany! Now the energy giants Innogy, RheinEnergy and Vattenfall are also raising prices by eight percent”. Millions of households are affected.
Thus the electricity price is nowhere else as high as in Germany. One kilowatt hour of electricity now costs on average 30.03 euro cents. The experts at the Verivox comparison portal expect that prices will continue to rise this year, for a simple reason: Germany is paying for the transition to green energies.
With the so-called EEG feed-in levy, every electricity consumer pays for the feed-in of the unreliable and extremely expensive “renewable energies” and thus also for the destruction of the previously reliable and inexpensive power supply.
No way around subsidies

No sensible person would install wind turbines on a large scale in Germany. The yield of electricity is simply too low and too unreliable. . . .
Money for nothing
According to the German government, wind turbine operators alone received a total of 635 million euros in compensation in 2018 because they were unable to feed their electricity into the grid because of the times it was not needed.
This “compensation” will be even more drastic in 2019, because in the first quarter alone there were strong winds; the wind turbines delivered so much electricity – but at inopportune moments, and so it could not be used, not even given away to neighboring countries.
“Anti-social”
FDP politician Sandra Weeser explained: “We have an extremely anti-social redistribution here. The weakest citizens would be burdened with the electricity price just as much as the strongest.”
Ms Weeser also sees the attractiveness of Germany as a business location at risk: “With our high wage cost level, we cannot keep increasing the production costs of electricity if we want to keep industry in the country.
“Gigantic redistribution machine”
The so-called EEG feed-in program continues to prove to be a gigantic redistribution machine. This is once again calling the profiteers onto the scene – as can be seen from the results of the solar tender of the Federal Network Agency. Tendered were 500 MW of capacity for solar plants, bids were submitted for a total of 1,344 MW. That is a 2.7-fold more than needed. In mid-January, the agency awarded the contract to “121 bids for a solar capacity of 501 MW to be erected”.
Unsteady supply means inefficient use of backup plants
This means: even more photovoltaic systems for ridiculously low hours of use and even higher EEG fees. And even more CO2 emissions from those conventional power plants that have to supply electricity when the sun does not shine because Germany still does not want to go without electricity. The very frequent, inefficient start-up and shut-down processes of these large power plants on standby also cause additional CO2 emissions. This increases operating costs.
 
Bergslagstroll said:
Nigeria, a big producer of metal, is ranked as a hybrid government and there also measure to make metal mining more sustainable and also find other sources. Their metals in batteries can also be reused. While after decades of costly involvement in the Middle East, with the for example the trillion dollars Iraq war, countries like Saudi Arabia still ranks as extreme authoritarian.

Democracy Index - Wikipedia

Households and small business can also be part of and profit from massive virtual power plant that can produce electricity on demand.

"The South Australia government and the Australian Energy Market Operator have hailed the success of the state’s solar and battery virtual power plant, after it came to the rescue during an unexpected coal power outage in Queensland last month.

AEMO said on Friday that on October 9, the South Australia VPP – which currently combines the stored solar resource of hundreds of homes with rooftop PV and storage – injected energy into the National Electricity Market (NEM) in response to a large generator outage in the Sunshine State.

The outage at Queensland’s Kogan Creek coal power station happened when the unit – the biggest single unit in Australia – tripped, reducing supply by 784MW, and causing the power system to drop well below the normal level of system frequency."

South Australia household batteries keeps lights on in Queensland after coal unit fails | RenewEconomy
Click to expand...
Deflect much?
Your statements have nothing to do with the main point, the grid is still required to make the alternative sources viable.
 
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[h=1]DC Solar Owners Plead Guilty to Largest Ponzi Scheme in Eastern California History[/h][FONT=&quot]From the DOJ FOR IMMEDIATE RELEASE Friday, January 24, 2020 Top Executives Plead Guilty to Participating in a Billion Dollar Ponzi Scheme—the Biggest Criminal Fraud Scheme in the History of the Eastern District of California SACRAMENTO, Calif. — The owners of DC Solar, a Benicia-based company, pleaded guilty today to charges related to a billion…
Continue reading →
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[h=2]German Wind Projects Hit Intense Citizens’ Protests, Dividing Once Harmonious Communities[/h]By P Gosselin on 28. January 2020
Despite phony wind lobby surveys claiming that over 90% of Germans support an expansion of wind power (and only a 5% fringe oppose), German wind park projects have hit the brick wall of intense citizens’ protest.

German protesters demand a stop to the “madness” of the industrialization of nature. Image: proNatur Citizens Initiative. ​
For example, German environmental protection group www.naturschutz-initiative here reports how the approval for three wind turbines in the Butzbach municipal forest granted by the Giessen Regional Council on 12 October 2018 has been deemed illegal.
According to their press release:
After the discussion meeting on 22 January 2020, the administrative court revoked the permit on 28 January 2020. The environmental association Naturschutzinitiative e.V. (NI) had taken legal action against the State of Hesse primarily because in its opinion the permit violates European law. For example, exceptions to the ban on killing wasp and buzzard were permitted which are not compatible with the European Birds Directive.”
​
Huge protester turnout in Odenwald
In the region of Odenwald/Rothenberg, a planned additional wind farm of 13 turbines, each 250 meters tall, on the ridge between Rothenberg and Beerfelden was met with fierce protest from 300 demonstrators, reports regional online site Fact.de here.
According to Fact.de, “It was a strong appearance of the young Rothenberg citizens’ initiative proNatur, with support from many parts of the Odenwald.
What’s really impressive: the proNatur citizens protest group had been founded just 6 days earlier!

Irmgard Neuer, spokeswoman of the citizens’ initiative said: “A good 300 people of all age groups had gathered at the gymnasium in Rothenberg with banners, drums, whistles and warning vests to loudly oppose the planned additional wind farm of enormous dimensions in the region.”
“No positive effect on nature”
One of the protest mobilizers, leader Vera Krug of Siedelsbrunn, admonished her fellow protesters “not to let up and to inform all fellow citizens about the negative effects of the industrialization of nature”.
“No destruction of nature ever has a positive effect on the climate”, Vera Krug stated.
Local citizens fear that the quality of life in the area would be severely damaged by the installation of 13 huge wind turbines “without any real benefit for the climate”.
Fact.de reports:
Before the demonstration at the village center broke up, ‘everyone agreed that the destruction of nature by wind industry plants should not be allowed either in the Odenwald or in any other forest’.”
​
Wind turbine proponents were surprised by the large protester turnout.
Bitter divisions in once peaceful communities
Wind energy opposition has become an extremely polarizing issue in Germany, one that has led to bitter divisions in once peaceful communities, especially those in rural areas.
The issue of rural wind park industrialization has become such a hot topic that according to Fact.de: “Ruth Bender of the Wall Street Journal had traveled from Berlin to report on the demonstration. She stayed overnight at the local “Hirschen” and talked to several protagonists on site. The Südwestrundfunk (SWR) had also sent a camera team to Rothenberg for reporting.”
 
Jack Hays said:
[h=2]German Wind Projects Hit Intense Citizens’ Protests, Dividing Once Harmonious Communities[/h]By P Gosselin on 28. January 2020
Despite phony wind lobby surveys claiming that over 90% of Germans support an expansion of wind power (and only a 5% fringe oppose), German wind park
After the discussion meeting on 22 January 2020, the administrative court revoked the permit on 28 January 2020. The environmental association Naturschutzinitiative e.V. (NI) had taken legal action against the State of Hesse primarily because in its opinion the permit violates European law. For example, exceptions to the ban on killing wasp and buzzard were permitted which are not compatible with the European Birds Directive.”
​
Huge protester turnout in Odenwald
In the region of Odenwald/Rothenberg, a planned additional wind farm of 13 turbines, each 250 meters tall, on the ridge between Rothenberg and Beerfelden was met with fierce protest from 300 demonstrators, reports regional online site Fact.de here.
According to Fact.de, “It was a strong appearance of the young Rothenberg citizens’ initiative proNatur, with support from many parts of the Odenwald.
What’s really impressive: the proNatur citizens protest group had been founded just 6 days earlier!

Irmgard Neuer, spokeswoman of the citizens’ initiative said: “A good 300 people of all age groups had gathered at the gymnasium in Rothenberg with banners, drums, whistles and warning vests to loudly oppose the planned additional wind farm of enormous dimensions in the region.”
“No positive effect on nature”
One of the protest mobilizers, leader Vera Krug of Siedelsbrunn, admonished her fellow protesters “not to let up and to inform all fellow citizens about the negative effects of the industrialization of nature”.
“No destruction of nature ever has a positive effect on the climate”, Vera Krug stated.
Local citizens fear that the quality of life in the area would be severely damaged by the installation of 13 huge wind turbines “without any real benefit for the climate”.
Fact.de reports:
Before the demonstration at the village center broke up, ‘everyone agreed that the destruction of nature by wind industry plants should not be allowed either in the Odenwald or in any other forest’.”
​
Wind turbine proponents were surprised by the large protester turnout.
Click to expand...


Germany seems to be trying to control the beast a little.
https://www.pv-magazine.com/2018/12...germany-details-2019-changes-for-pv-industry/
Anyone who has operated a business or profit center, knows that raising the cost of what you sell, means that
the cost of what you sell must increase. The feed in tariffs must have been really high,
if these prices are called "extraordinary FIT reductions"
As of January 1, 2019: 10.36 cents per kWh
As of February 1, 2019: 9.87 cents per kWh
As of March 1, 2019: 9.39 cents per kWh
As of April 1, 2019: 8.90 cents per kWh
Even 8.9 eurocents per Kwh, is very high compared to the wholesale rate.
https://www.cleanenergywire.org/new...-power-prices-relatively-low-germany-analysis
Monthly day-ahead wholesale prices in Germany and the Netherlands peaked at just over 50 euros per megawatt-hour (MWh).
This is 5 eurocents per Kwh, or 3.9 eurocents below the new extraordinary lower FIT rate.
With more and more wind and solar installed, the percentage of electricity required to be purchased at the higher price,
is pushing the consumer price of electricity ever higher.
The FIT rate reductions may help, but they could be offset by more FIT qualifying production.
 
longview said:
Germany seems to be trying to control the beast a little.
New energy regulation in Germany details 2019 changes for PV industry – pv magazine International
Anyone who has operated a business or profit center, knows that raising the cost of what you sell, means that
the cost of what you sell must increase. The feed in tariffs must have been really high,
if these prices are called "extraordinary FIT reductions"
As of January 1, 2019: 10.36 cents per kWh
As of February 1, 2019: 9.87 cents per kWh
As of March 1, 2019: 9.39 cents per kWh
As of April 1, 2019: 8.90 cents per kWh
Even 8.9 eurocents per Kwh, is very high compared to the wholesale rate.
Wholesale power prices relatively low in Germany – analysis | Clean Energy Wire
Monthly day-ahead wholesale prices in Germany and the Netherlands peaked at just over 50 euros per megawatt-hour (MWh).
This is 5 eurocents per Kwh, or 3.9 eurocents below the new extraordinary lower FIT rate.
With more and more wind and solar installed, the percentage of electricity required to be purchased at the higher price,
is pushing the consumer price of electricity ever higher.
The FIT rate reductions may help, but they could be offset by more FIT qualifying production.
Click to expand...

You have a sharp increase in renewables in UK while at the same the electricity cost for household is less than the EU average.

Renewables beat fossil fuels on 137 days in greenest year for UK energy | Business | The Guardian

There Scotland will also reach it's goal of getting hundred percent of their electricity from renewables this year.

Scotland to reach 100% renewables in time to host 2020 climate summit | RenewEconomy
 
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Investors are starting to the risks with fossil fuels.

"“I’m done with fossil fuels ... they’re just done. We’re starting to see divestment all over the world,” Cramer said. “You’re seeing divestiture by a lot of different funds. It’s going to be a parade. It’s going to be a parade that says, ‘Look, these are tobacco and we’re not going to own them.’”

Cramer said there are reasons to think that some of the fossil fuel stocks look like attractive buying opportunities, but the desire of money managers and funds to avoid the sector makes him stay away.

The “Mad Money” host’s comments come a few weeks after BlackRock chief Larry Fink used his annual letter to the world’s biggest companies to warn that climate change will soon cause a “significant reallocation of capital.”

BlackRock, with more than $7 trillion in assets under management, will put “sustainability at the center of our investment approach,” from portfolio construction to launching new investment products that screen fossil fuels, Fink wrote."

Cramer sees oil stocks in the '''death knell phase,''' says new tobacco

While corporations are also acknowledge the great potential and need for renewable energy.

"NEF’s 1H 2020 Corporate Energy Market Outlook found that corporates purchased 19.5GW of clean power through power purchase agreements (PPAs) last year, up from 13.6GW in 2018 and more than triple the levels recorded in 2017.

The 19.5GW of PPA contracts was equivalent to more than 10% of the renewable energy capacity that was added globally in 2019, with BNEF claiming that the projects cost between $20bn and $30bn to develop.

BNEF’s lead sustainability analyst Jonas Rooze said: “Corporations have purchased more than 50GW of clean energy since 2008. That is bigger than the power generation fleets of markets like Vietnam and Poland. These buyers are reshaping power markets and the business models of energy companies around the world.”

BNEF’s analysis noted that the growth was driven by a large increase in new corporate sustainability commitments. Nearly 400 companies globally have committed to setting science-based targets in 2019, while an additional 63 firms agreed to join the RE100 initiative last year, pledging to procure 100% renewable electricity. The RE100 totalled 221 members through 2019, collectively consuming 233TWh of electricity in 2018."

Corporate clean energy contracts grew by 40% in 2019
 
[h=2]German Weekly ‘FOCUS’: German Wind Energy On The Verge Of “Collapse”…”Protests Booming”[/h]By P Gosselin on 1. February 2020
Despite the German government’s renewed commitment to meeting its CO2 emissions target by expanding wind energy, online weekly FOCUS here reports that wind energy appears to be on the verge of collapse and that “German climate targets are in danger.”

Bleak times for Germany’s wind industry. Photo. P. Gosselin​
Lowest activity since ‘Energiewende’ began in 2000
FOCUS cites wind industry officials who say that the building of wind parks has reached the lowest point in 20 years. The industry associations are calling on the government to take action and for approval procedures for wind farms to be simplified and acceptance by residents increased.
Falling acceptance

Many German states have imposed strict setback rules to keep wind parks away from residential areas. For example, the 10H rules is in effect in Bavaria. Here, a wind turbines cannot be located near residents at a distance that is closer than 10 times its height, making many wind projects in the south German state impossible. The industry is pressuring governments to soften the rules.
Yet an online poll conducted by FOCUS shows that almost two thirds of respondents are not in favor or are undecided on reducing setback distances.
Protest against wind energy “booming these days”
Earlier in 2019, Germany’s centre-left Tagesspiegel here reported, “The protest against wind energy is booming these days” and according analysts, “about 1000 citizens’ initiatives are currently fighting against the wind industry in Germany” and that “they are very well networked”.
55% less turbines built in 2019
The lack of acceptance among the public — along with economic and technical obstacles — has put the brakes on wind park construction. FOCUS writes: “According to the industry associations Bundesverband Windenergie (BWE) and VDMA Power Systems, only 325 new wind turbines with 1078 megawatts were built in 2019. This was 55 percent less than in the previous year.”
 
The transition away from fossil fuel in Germany means the end of entire villages being destroyed because of coal mining.

German Court to Rule on Property Rights in Brown Coal Mining Dispute - DER SPIEGEL

You can also see that massive pollution people in Poland, a country, still heavily depended on coal, suffer under.

Smothered by Smog, Polish Cities Rank Among Europe’s Dirtiest

Or how people all across the world are already being affected by the devastating effects of climate change.

Bushfire crisis: more than half of all Australians found to have been directly affected | Bushfires | The Guardian

While at the same it's of course important with a dialog with a local community then building renewable energy. While also see to that investment benefit the local community. That having investment in renewable energy benefit the local community have been an important part in Scotland archiving their goal of getting 100 percent of their electricity from renewable energy. There another positive example is Wolfhagen in Germany.

"Wolfhagen is a small, idyllic German town, located in the Kassel District of the Federal State of Hesse. Its 100% RE achievement was a response to an increasing number of energy mandates and expenditures faced years earlier. By adopting an RE strategy, it was able to eliminate its dependence on fossil fuels and external energy suppliers, and keep revenues within the region which benefit its citizens directly. RE has also helped create many new jobs in the town."

Wolfhagen, Germany – 100% Renewable Energy Atlas

There especially rural areas in the US could benefit from renewable energy.

Why Republican Leaders Love Renewable Energy
 
Bergslagstroll said:
You have a sharp increase in renewables in UK while at the same the electricity cost for household is less than the EU average.

Renewables beat fossil fuels on 137 days in greenest year for UK energy | Business | The Guardian

There Scotland will also reach it's goal of getting hundred percent of their electricity from renewables this year.

Scotland to reach 100% renewables in time to host 2020 climate summit | RenewEconomy
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AT 20 cents per Kwh average, they must have both high costs and high taxes.
Wholesale Electricity Price Guide – UK
 
[h=2]More Hardship For German Consumers, Poor…Power Companies Announce More Rate Hikes Averaging 8.1%![/h]By P Gosselin on 2. February 2020
Leading dailies in Germany are reporting today that power companies across the country will be hiking electricity prices once again in the February to April period, affecting millions of households.
This comes at the heels of a January price hike .
“The wave of electricity price increases in Germany is not abating. According to figures from the comparison and brokerage portal Verivox, 86 utilities have announced average price increases of 8.1 percent for the months February to April,” writes Germany’s flagship Frankfurter Allgemeine Zeitung (FAZ) here. “For a family with an annual consumption of 4000 kilowatt hours, this would mean additional costs of around 100 euros per year.”
Already in January, “543 basic utilities had already increased their electricity prices”, according to the FAZ. “The average increase was 5.4 percent.”
The price hikes come just as Germany’s electricity rates have become among the world’s highest. Annually tens of thousands of German households see their power cut off because they are unable to pay their bills.
A large portion of the rate hike is due to the feed-in tariffs for green energies such as wind and sun.
 
Solar gone bust.

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[h=1]How much electricity may produce a $1 Billion Solar Plant backed by the Obama Energy Department?[/h][FONT=&quot]Guest post by Albert Parker en.wikipedia.org/wiki/Crescent_Dunes_Solar_Energy_Project#/media/File:Crescent_Dunes_Solar_December_2014.JPG It is in the news, as expected Crescent Dunes, the world largest concentrated solar power plant featuring 10 hours of molten salt thermal energy storage, just went bust. LETTER: Much-touted Crescent Dunes solar plant goes bust | Las Vegas Review-Journal Crescent Dunes: Another Green Flop | Cato @ Liberty Another Federally-Backed Solar Energy Project Just Went Belly-Up | The National Interest The electricity produced, as usual not even when needed but mostly when the sun was shining (and often…
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longview said:
AT 20 cents per Kwh average, they must have both high costs and high taxes.
Wholesale Electricity Price Guide – UK
Click to expand...

Europe countries both with low and high amount of renewables have higher electricity prices than the US. But also for example more energy measures. So many Europeans pay less or roughly the same percent of their income on electricity. There one way of reducing cost of electricity is through renewables their communities and individuals can produce their own electricity.
 
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