AMAZING ENERGY NEWS FROM SAUDI ARABIA

Even Saudi Arabia owner of the world’s most valuable petroleum reserves is joining transition installing several of the world’s largest solar projects. Wind and solar have become the fastest growing sources of new power generation globally benefitting from a virtuous cycle in which constantly improving technology and declining manufacturing costs result in increased demand and lower prices. Every year wind and solar become cheaper and more competitive against coal, oil, and natural gas. But that is only the beginning. In the future, renewable energy will continue to increase its market share due to a parallel energy transition in the transportation sector. Energy transitions of the past from wood to coal, oil, and natural gas were critically important to the development of modern economies. The next energy transition from fossil fuels to renewables will be crucial to avoiding catstrophic climate change.

TRANSLATION:

THE OLD ENERGY TRANSITION TO FOSSIL FUELS WAS CRITICALLY IMPORTANT TO THE DEVELOPMENT OF MODERN ECONOMIES.

THE NEW ENERGY TRANSITION FROM FOSSIL FUELS TO RENEWABLES IS CRITICALLY IMPORTANT TO AVOIDING THE CLIMATE CATASTROPHE THAT HAS BEEN FORECAST BY THE PEOPLE WHO ARE BEHIND THE PUSH TO RENEWABLE ENERGY.

CONCLUSION

THE MOVE TO FOSSIL FUELS WAS VOLUNTARY BECAUSE IT WAS MOTIVATED BY ECONOMIC GAIN, BUT THE MOVE TO RENEWABLES IS NOT VOLUNTARY BUT FORCED WITH FEAR OF CLIMATE CATASTROPHE.

LINK TO RELATED POST: https://tambonthongchai.com/2021/02/17/the-market-for-energy/

RELATED POST ON THE ABSENCE OF EVIDENCE THAT THE MOVE TO RENEWABLES THAT IS NOW IN PROCESS WILL SAVE US FROM CLIMATE CATASTROPHE

LINK: https://tambonthongchai.com/2021/02/23/renewable-energy-statistics/

EXCERPT

THE DATA FOR GLOBAL CAPACITY 2010 TO 2019 ARE AS FOLLOWS:

World Total Renewable Energy Capacity: 2010 to 2019 are: 2010=1,226,853, 2011=1,332,236, 2012= 1,445,233, 2013= 1,563,196, 2014= 1,692,680, 2015= 1,846,060, 2016=2,008,547, 2017=2,182,449, 2018=2,361,061, 2019=2,536,853.

World Total Fossil Fuel Emissions are Provided as Gigatonnes per year of CO2: 2009=32.0905, 2010=33.971.15, 2011=35034.77, 2012=35487.48, 2013=35905.82, 2014=36244.49, 2015=36247.49, 2016=36299.70, 2017=36794.62, 2018=37668.11, 2019=38016.57

TOTAL INVESTMENT IN RENEWABLE ENERGY IN THIS PERIOD EXCEEDED $2.5 TRILLION:

NO EVIDENCE THAT RENEWBLES REDUCED FOSSIL FUEL EMISSIONS

WE MAY NEED A BIGGER WHIP