Risk Of Poverty,
Lower Incomes,
Increased Energy Costs
‘Directly Linked With
Renewable Energies’
https://www.sciencedirect.com/science/article/abs/pii/S0360544218325738?via%3Dihub
https://www.sciencedirect.com/science/article/abs/pii/S0360544218325738?via%3Dihub
A new academic paper tells us
the “shift from fossil fuels”
to renewable energy
“has virtually doubled
the price of electricity,”
increasing the risk poverty.
It concludes that the results
“for society and economy
have not been those expected
or desired.”
Following Germany’s lead,
other European Union nations
rushed to subsidize solar power
installations with high rates and
20-year contracts, even though
the technology is “still inefficient,
and geographical conditions
are mostly unfavorable”
in that part of the world.
Among the sources, it cites
is a 2012 analysis:
"Germany’s Solar Cell Promotion:
An Unfolding Disaster",
explaining how Germany’s
Renewable Energy Act
led to “explosive costs”
in exchange for
negligible environmental
and employment benefits.
2005-2015 data
from 15 EU countries
indicates energy costs increase,
household poverty risks rise,
and incomes decline, as more
renewable energies (solar / wind)
are used.
Dr. Tadesse Weldu Teklu affirms
“CO2 emission (energy consumption)
is directly correlated to economic
prosperity and industrialization.”
Least developed countries
such as Ethiopia should
“increase her CO2 emission
per capita as much as possible”
to escape from the renewables-centered
“poverty trap” foisted upon them by
“Earth-friendly” wealthy countries.
Fossil fuel consumption will continue
to grow and maintain a similar share
to today’s (~80%) by 2040 despite
symbolic Paris agreement gestures.