Fracking Will Kill Renewables Stone Dead
The International Energy Agency(IEA) is warning that the global dash for shale gas will kill the financially unviable renewables of wind and solar, unless governments and tax payers continue to pour billions into the Green renewable energy money pit.
To back up the continued demands for Green subsidies the IEA is peddling a new fear story that if renewables die off the temperature of the planet will rise several trillion degrees by 2070, or something equally unlikely.
A “golden age of gas” spurred by a tripling of shale gas from fracking and other sources of unconventional gas by 2035 will stop renewable energy in its tracks if governments don’t take action, the International Energy Agency has warned.
Gas is now relatively abundant in some regions, thanks to the massive expansion of hydraulic fracturing – fracking – for shale gas, and in some areas the price of the fuel has fallen. The result is a threat to renewable energy, which is by comparison more expensive, in part because the greenhouse gas emissions from fossil fuels are still not taken into account in the price of energy.
Carbon emissions should never be taken into anything, and most certainly not more Green taxation for a problem that does not exist, the major driver of climate on this planet is the sun, not a trace gas that is essential to plant life (and our life) on earth and is just 0.04% of the atmosphere.
Fatih Birol, chief economist for the IEA, said the threat to renewables was plain: “Renewable energy may be the victim of cheap gas prices if governments do not stick to their renewable support schemes.”
Maria van der Hoeven, executive director of the IEA, told a conference in London: “Policy measures by governments for renewable energy have to be there for years to come, as it is not always as cost-effective as it could be.”
Renewable energy has already added £200 a year to every energy bill in Britain, it is a similar story from other countries where Green subsidies have produced no lasting real jobs, but have instead cost jobs, forced industry to relocate to avoid the crushing burden of Green taxation and driven millions into energy poverty in the industrialised world.
As always the realities of the financial crises should be ignored this is after all, politically correct Church of Climatology Green energy generation under threat of extinction.
Posted on May 29, 2012, in Anthropogenic Global Warming, Church Of Climatology, Climate Change, Green Jobs Lie, Green Lies, Renewables, Sustainable Development, Wealth Redistribution, Wind Power. Bookmark the permalink. 11 Comments.