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Showing results for tags 'fossil fuels'.
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Renewable energy is crushing nuclear energy - and all other forms of power from dirty fossil fuels. There is only one new nuclear plant being built in the US, and all the existing nuclear plants are “bleeding cash” and struggling to stay competitive against renewables. In the draft report from the US Department of Energy that was leaked this past summer, even the Trump government admits that fossil fuels and nuclear are simply no longer economic compared to clean and modern renewable energy sources. And a recent study from the financial firm Lazard Ltd. shows that wind and solar energy are now cheaper than fossil fuels such as diesel, nuclear, coal, and in most cases natural gas. Clearly, governments and utilities around the world will from now on have a hard time justifying anything but renewable energy. So investing and building new renewables is now cheaper than just maintaining old nuclear and fossil fuel plants. This study was based on numbers from North America, a developed country where conventional energy sources such as nuclear and fossil fuels are less expensive to operate. In developing countries, conventional energy sources are much, much more expensive to build and operate. So the advantage renewable energy has in developed countries, such as the US, is even bigger in developing countries like China and India.
Let's kill this myth: renewable energy gets subsidies whereas fossil fuels and nuclear energy don't Short answer: Fossil fuels and nuclear energy have gotten subsidies for decades. Actually, fossil fuels have received government subsidies for 100 or so years. These days, fossil fuel subsidies reportedly total approximately $5 trillion globally each year. Despite tremendous health costs, climate costs, and countless premature deaths caused by pollution, these super rich and overly mature industries receive subsidies that serve no genuinely useful purpose for society. Renewable energy also receives subsidies, but not to the same degree. Longer answer: https://cleantechnica.com/2018/01/26/renewable-energy-doesnt-get-subsidies-fossil-nuclear-sources-gotten-continue-get/