Wednesday, July 31, 2024

 

Energy Portfolio

Steven Hayward:

Who knows how much governments around the world have spent to promote “renewable” or “green” energy in the quest for “net-zero” emissions, but it has to be several trillion by now. And yet the world’s share of energy from fossil fuels is little changed from 1970. Here’s the breakdown from the 2024 Statistical Review of World Energy, just out the last few weeks. And what you can readily see is that coal, natural gas, and oil still account for 81 percent of the world’s energy. Nuclear and hydro (which greens still hate) account for another 10 percent, and “other renewables” (mostly wind and solar, but some biomass and geothermal) is still only about 8 percent.

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