$2.0 Trillion Dollars has been spent since 2011 on wind & solar across the world. Another $5 Trillion has been appropriated by the US Congress through 2035 for tax credits, loans, grants, & spending via the "Inflation Reduction Act."
That's $291 Billion a year/ $799M/day or $33 million per hour.
The ROI from that spending has been about 1%. Meaning that for every 99 dollars spent it's getting back 1.
$60 Trillion dollars would get the world to about 1/3 "clean energy" & cost the USA 2 years of GDP.
China is building more coal fire power plants than the total of all plants in the world.
China is the #1 emitter in the world
Maybe they know that the efficacy of 'renewables' isn't so renewable.
A wind mill has 34.8 % efficiency (on a good day)
A solar panel has 24.5% efficiency (on a good day)
A blended efficiency rate is just shy of 30%
A better way of saying it, 70% chance it doesn't WORK when needed.
The USA Taxpayer pays:
0.5 cents to 2.5/kw for production - no cap, 10 years. ( PTC)
30% tax "credit" for every dollar spent on solar - no cap (ITC)
Since 2010 over $150 Billion has been given in PTC and ITC.
That's about $300 for every women, man, & child in America or $1,200 per household.
(That $1200 per household is just shy of what 3 billion people earn in an entire year.)
With 100 GW of solar capacity & 120 GW of wind capacity in the USA (2021) that's $6.70/kw average given out by the government.
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