https://www.zerohedge.com/energy/fossil-fuels-arent-going-anywhere
Take Germany, for example. The country, which is among the EU members with the most renewable energy capacity, has not produced a single Watt of solar energy since the start of this year (of 2021 as at Feb 7th). See also https://www.zerohedge.com/technology/achtung-baby-its-cold-outside-germanys-green-energy-fail-rescued-coal-and-gas The reason: it’s winter. It is producing solid amounts of wind power, that’s for sure, but it is also generating power from the most despised fossil fuel of all: coal.
At the time of writing its carbon intensity was 264 grams of CO2 equivalent per kWh. That was comparable to the carbon intensity of another poster girl for renewables in Europe, Denmark, which is currently getting most of its energy from wind power.
So, it seems building renewable capacity in itself is not a silver bullet solution to the emissions problem. In fact, if you build it too quickly without adding substantial storage capacity, it could backfire. This was most recently evidenced by a narrow miss of a major blackout in Europe prompted by a minor problem at a Croatian substation that rippled through the continent, highlighting the importance of maintaining the grid at a constant frequency—something renewables cannot do because of their intermittent generation.
Even Denmark has thermal power plants to secure the baseload any grid needs to function properly and eliminate or at least reduce the risk of blackouts.
https://www.zerohedge.com/markets/michael-burry-joins-uranium-craze
https://www.zerohedge.com/energy/europes-unforeseen-renewables-problem
https://www.zerohedge.com/markets/meanwhile-china-bankrupt-solar-firm-just-sold-117-million-shares https://www.zerohedge.com/geopolitical/china-threatens-cripple-us-defense-limiting-export-rare-earth-metals https://goldsilver.com/blog/the-two-largest-sources-of-industrial-demand-for-silver-are-about-to-explode-higher/
https://www.zerohedge.com/energy/fossil-fuels-arent-going-anywhere Take Germany, for example. The country, which is among the EU members with the most renewable energy capacity, has not produced a single Watt of solar energy since the start of this year (of 2021 as at Feb 7th). See also https://www.zerohedge.com/technology/achtung-baby-its-cold-outside-germanys-green-energy-fail-rescued-coal-and-gas The reason: it’s winter. It is producing solid amounts of wind power, that’s for sure, but it is also generating power from the most despised fossil fuel of all: coal. At the time of writing its carbon intensity was 264 grams of CO2 equivalent per kWh. That was comparable to the carbon intensity of another poster girl for renewables in Europe, Denmark, which is currently getting most of its energy from wind power. So, it seems building renewable capacity in itself is not a silver bullet solution to the emissions problem. In fact, if you build it too quickly without adding substantial storage capacity, it could backfire. This was most recently evidenced by a narrow miss of a major blackout in Europe prompted by a minor problem at a Croatian substation that rippled through the continent, highlighting the importance of maintaining the grid at a constant frequency—something renewables cannot do because of their intermittent generation. Even Denmark has thermal power plants to secure the baseload any grid needs to function properly and eliminate or at least reduce the risk of blackouts. https://www.zerohedge.com/markets/michael-burry-joins-uranium-craze