According to a January report by Bloomberg New Energy Finance, some $6.7 trillion was spent on alt-energy globally between 2004 and 2022, with the vast majority of that, some $4.8 trillion spent on renewables. And the vast majority of that $4.8 trillion — about $4.1 trillion — was spent on wind and solar.
The U.S. saw increases, with wind and solar generation growing by 15% and 24%, respectively.
the EIA reported on March 27, in the U.S., “generation from renewable sources — wind, solar, hydro, biomass, and geothermal — surpassed coal-fired generation in the electric power sector for the first time.” It also noted that generation from all renewables “surpassed nuclear generation for the first time in 2021.”
NGOs are collecting untold millions of dollars in dark money to push claims about the energy transition and the fiction that the global economy can be run solely on wind, solar, batteries, and a dollop of hydropower.
A Colorado-based NGO and a leading recipient of dark money, has been leading the effort to implement a nationwide ban on the use of natural gas in homes and businesses.
Despite the fortunes being spent by the climate billionaires, to promote claims about renewables and the energy transition, global hydrocarbon use continue to rise.
In 2022, the U.S. growth in natural gas consumption was twice the growth in wind and solar combined.
You can read the entire story at: https://robertbryce.substack.com/p/the-energy-transition-isnt?
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