New Studies Show Green Energy Costs Hurting The Poorest
Written by Pierre Gosselin
Some fresh new scientific papers are confirming that renewable energies, particularly wind and solar power, are not delivering what was promised – not by a long shot.
They likely will become far more of a burden than a benefit.
“Virtually doubled the price of electricity”
For example, Pereira et al., 2019 writes that “growth in the installed capacity of renewable energy has increased electricity prices, which raises the question of how households have withstood the cost of the energy transition.”
The authors conclude that their paper “proves that both income and risk of household poverty are directly linked with renewable energies, in both the short- and long-run” and that the shift from fossil fuels to renewable energy sources “has virtually doubled the price of electricity.”
Inefficiently Located, “Stranded Assets”
Another paper by Greenstone and Nath, 2019 writes that “renewable power plants require ample physical space, are often geographically dispersed, and are frequently located away from population centers, all of which raises transmission costs above those of fossil fuel plants.”
Moreover, the study found that adding new renewable installations to a mature grid infrastructure “may create a glut of installed capacity that renders some existing baseload generation unnecessary” and “the costs of these ‘stranded assets’ do not disappear and are borne by some combination of distribution companies, generators, and ratepayers.”
In other words, the location of renewable power systems are often just inefficient and a bad idea that doesn’t make economic sense. The paper also adds that batteries of the size and scope needed are unproven and not cost-effective.
“Inhibits CO2 Emissions Insignificantly In Africa”
Nathaniel and Iheonu, 2019 look at renewable and non-renewable energy consumption on CO2 emissions in Africa. They conclude: “Renewable energy inhibits CO2 emissions insignificantly in Africa.”
Or in plain language: No benefit for a high cost on a continent that can ill afford it.
Toxic…Could Soon Cause Harmful Effects To Human Health
Finally a study by Padoan et al., 2019 warns of a huge heap of waste coming from solar panels as they begin to be scrapped in earnest in 2036.
They write: “The improper disposal of these waste fluxes could cause harmful effects to human health and to the economy of the manufacturing sector by the dispersion of toxic elements and loss of valuable material resources including rare metals, respectively.”
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