Solar power due to overtake oil production investment for first time, IEA says

[TOM4CWB]

Am I the only one hearing the Chinese and Russians laughing at us???

How can we be so deceived and dense????

Blessings and Prayers for rain!

[chuckChuck]

Did you guys not read that there is a trillion still going to oil and gas?

Or are you all assuming they are going to shut the tap off before there are adequate alternatives?

It will be a transition over the next decades probably lasting well into the next century.

What's remarkable is how much money is already being invested in clean energy alternatives.

[AlbertaFarmer5]

Did you guys not read that there is a trillion still going to oil and gas?

Or are you all assuming they are going to shut the tap off before there are adequate alternatives?

It will be a transition over the next decades probably lasting well into the next century.

What's remarkable is how much money is already being invested in clean energy alternatives.

You didn't read or comprehend my comment did you?

According to your article, we are investing more into solar which produces 0.75% of total global energy needs, as we are investing into fossil fuels which provide 81% of total global energy needs. I confirmed those numbers today, it is worse than I originally thought.

What is remarkable is how much money has already been invested into supposed clean energy alternatives, and how little we have to show for it. For the same investment, fossil fuels are returning 100 times more energy, according to the numbers you provided in the first post.

Yet you keep telling us renewables are the lower cost alternative. With an ROI 100 times less?

Why would you even post this article, when it shows just how terrible the economics are? Some times I wonder whose side you are really on?

It's like that time you posted the article claiming that wind and solar were going to create multiple times more jobs than fossil fuels. And you thought it was a good thing. More jobs means more wages, means the end product costs that much more. It isn't a difficult concept.

[AlbertaFarmer5]

Apparently, Chuck is not going to comment about the inconvenient fact that his article exposes how astronomically expensive solar power is compared to fossil fuels.
Thank you for doing so. It just reinforces what I was noting in the thread where we are all ridiculing chuck. This is a perfect example. He reads a headline which supports his bias. Repeats the pre chewed talking points without any attempt at understanding what it means, not checking if it even supports his case or doesn't contradict the headline.
And then, when someone inevitably points out the error in his ways, either goes quiet or resorts to insults and name calling.

[chuckChuck]

So AB5 when are we going to run out of enough CO2 in the atmosphere again? LOL

If renewables are so expensive and bad why is Alberta and the private sector building and planning to build so many of them?

[Guest]

You didn't read or comprehend my comment did you?

According to your article, we are investing more into solar which produces 0.75% of total global energy needs, as we are investing into fossil fuels which provide 81% of total global energy needs. I confirmed those numbers today, it is worse than I originally thought.

What is remarkable is how much money has already been invested into supposed clean energy alternatives, and how little we have to show for it. For the same investment, fossil fuels are returning 100 times more energy, according to the numbers you provided in the first post.

Yet you keep telling us renewables are the lower cost alternative. With an ROI 100 times less?

Why would you even post this article, when it shows just how terrible the economics are? Some times I wonder whose side you are really on?

It's like that time you posted the article claiming that wind and solar were going to create multiple times more jobs than fossil fuels. And you thought it was a good thing. More jobs means more wages, means the end product costs that much more. It isn't a difficult concept.

Whoops , chucky did it again , lol

[AlbertaFarmer5]

So AB5 when are we going to run out of enough CO2 in the atmosphere again? LOL

If renewables are so expensive and bad why is Alberta and the private sector building and planning to build so many of them?

Chuck you are deflecting again.

How do you explain investing as much money into solar, as fossil fuels, and having 100 times less energy to show for it?

[Guest]

Chuck you are deflecting again.

How do you explain investing as much money into solar, as fossil fuels, and having 100 times less energy to show for it?

It will improve
Renewables will get cheaper
And more efficient
Just about the same time as the cow jumps over the moon

[chuckChuck]

Read the article more closely.

"Around US$2.8-trillion is set to be invested in energy worldwide in 2023, of which more than US$1.7-trillion is expected to go to renewables, nuclear power, electric vehicles and efficiency improvements.

The rest, or around US$1-trillion, will go to oil, gas and coal, demand for the last of which will reach and all-time high or six times the level needed in 2030 to reach net zero by 2050.

Current fossil-fuel spending is significantly higher than what it should be to reach the goal of net zero by midcentury, the agency said.

In 2023, solar-power spending is due to hit more than US$1-billion a day or around US$380-billion on a yearly basis."

The $1.7 Trillion includes nuclear which many seem to support. Even though its the most expensive option.

10 years ago none of you would have thought Alberta would have stopped using coal for electricity by 2023. But that's about to happen.

So I don't put much credence in climate change deniers arm chair analysis. It usually is a lot of hot air mixed with excessive hyperbole and a lot of misinformation.

Even Smith and Moe are advocating net zero electricity by 2044 and 2050. Quite remarkable considering their continued ranting about Ottawa.

[chuckChuck]

https://www.aeso.ca/future-of-electricity/albertas-power-system-in-transition/

Alberta’s Power System in Transition

Alberta’s power system is undergoing the biggest transformation in its 100-plus year history. Coal-fired electricity generation, a key source of power in the province for more than a century, is on track to be eliminated as a fuel source for electricity by the end of 2023.

Offsetting the phase-out of coal are equally large increases in natural gas as a fuel source, along with renewable energy such as wind and solar. In fact, Alberta now leads all other provinces in growth in wind and solar energy.



Blessed with ample wind and solar resources, and supported by the province’s competitive electricity market, Alberta is attracting significant private investment in renewables generation and energy storage projects, estimated at more than $4 billion since 2019.

As shown in this chart, 12,600 MW of solar capacity, 9,100 MW of wind and 5,556 MW of energy storage are either under construction, have received approval by the Alberta Utilities Commission (AUC) or been announced by project proponents.

So A5 are you going to keep denying that renewables are going to have an important role in getting to net zero in Alberta. Look at the numbers including storage from the AESO. How wrong you are.

Gas, interties, storage,imports and a smart grid will provide stability and backups when needed. So there is no need to worry so much chicken littles. Run your farm and let the utilities and the AESO run the grid, cause you don't know what you are talking about.