The World Invested $264 Billion in New Renewables in 2016


B00Mer
#1
The World Invested $264 Billion in New Renewables in 2016



HERE COMES THE SUN

The future of energy looks sunny. According to the latest Renewables Global Status Report from REN21, more renewable power capacity was added in 2016 than all new fossil fuel capacity combined. In fact, for the fifth consecutive year, investment in new renewables was roughly double fossil fuel investments, with $264.8 billion invested in renewables worldwide in 2016.

Across the globe, renewable electricity costs are dropping, and of all the forms of renewable energy, REN21’s report asserts that solar energy-capturing technology was the most popular in 2016.



This report is big news for the planet. Burning oil, coal, and other carbon-based fuels generates carbon dioxide (CO2) and other greenhouse gases that contribute to climate change. A trend toward clean energy sources like solar, wind, and hydropower can only help the environment, but that’s not the only reason for the switch.

As Australian National University professor Andrew Blakers wrote in The Conversation, “It is probable that construction of new coal power stations will decline…because PV (solar photovoltaics) and wind are now cost-competitive almost everywhere.”

HURDLES AHEAD

The financial benefits of renewables may not be enough to spur their adoption in the U.S., however. The current administration’s America First Energy Plan withdraws the nation from the Paris Agreement, rescinds the Clean Power Plan, and supports new investment in coal — three acts that could stymie the switch to clean energy. Additionally, President Trump’s position on trade has the solar industry, which manufactures mostly in China, nervous.

Despite being the star of the Global Status Report, solar faces its own environmental drawbacks, also. As IEEE outlines, huge amounts of energy are required to manufacture solar panels, and in China, that energy is often generated through the burning of fossil fuels.

The process requires lots of water, produces toxic chemicals, and can expose workers to unsafe working conditions. The price cuts that come from manufacturing solar panels abroad have been a huge boon to the industry, but it has further polishing to do before it can be considered truly green.

The overall tone of the Renewables Global Status Report is positive, and we can be encouraged to know that worldwide CO2 emissions from fossil fuels and industry remained stable in 2016 for the third year in a row. Of course, atmospheric CO2 levels continue to increase to record highs, and they will continue to do so until our emissions reach zero.

https://futurism.com/report-the-worl...ables-in-2016/
 
taxslave
#2
OHow are they planing on making the solar panels and the steel for the frames without fossil fuel?
 
B00Mer
+1
#3
Quote: Originally Posted by taxslave View Post

OHow are they planing on making the solar panels and the steel for the frames without fossil fuel?

Recyclables.
 
Walter
+1 / -1
#4
And what was the ROI on these billions? Dick, I would surmise, except for all the tax dollars given to these endeavours.
 
tay
+1
#5
The ROI is supposed to be three fold, a cheaper end product (energy) for the user and non polluting source of that energy. An additional ROI will be seen by the owners and investors of the renewable sites.

As for economic activity there is the manufacturing of the products and the construction/installation of them. But not unlike pipelines which seem to last for decades once they are installed I suppose they too will last for decades until they need replacing.

As Boomer posted in his other thread on the same subject the USA has seen a dramatic rise in employment in the USA.

There will never be a sustained high levels of employment like we see in the Oil and Coal business simply because, no digging required.

And as a result of the spin offs in many technological advances we will see a spin off of manufacturing job losses related to the lack of need for the equipment that is used to extract the non renewables we presently use.........

http://forums.canadiancontent.net/sc...oys-twice.html
 
Jinentonix
+1
#6
Wowee! The entire world invested the equivalent of about one sixth of Canada's total GDP. Impressive.
 
Danbones
+1
#7
Solar activity is declining—what to expect?
https://phys.org/news/2015-08-solar-decliningwhat.html

yes, solar panels...great idea!
 
Jinentonix
#8
Quote: Originally Posted by Danbones View Post

Solar activity is declining—what to expect?
https://phys.org/news/2015-08-solar-decliningwhat.html

yes, solar panels...great idea!

No. I certainly agree there are regions where solar power does make sense. If your annual solar radiance is in the red or orange, you've certainly got the conditions for generating lots of solar power, seasonal weather patterns not withstanding.
But there's also some issue as there seems to be people who are completely oblivious to one very important factor. For example I've heard many a claim that the southwestern US has such a massive solar potential capacity that it could power the entire country and then some.
Well, that's another yes and no situation. From a potential aspect there's absolutely plenty of capacity. From a delivery aspect, it's an impossibility. North America has 16 different independent power grids. The entire continent nor even the entire countries of Canada or the US are connected by a single grid. And no one with even half a working brain is going to be stupid enough to make them all interconnected.
 
captain morgan
+1
#9
Quote: Originally Posted by B00Mer View Post

The World Invested $264 Billion in New Renewables in 2016


So, when did they start equating tax payer subsidies as actual investment?
 
B00Mer
-1
#10
Quote: Originally Posted by captain morgan View Post

So, when did they start equating tax payer subsidies as actual investment?

Where is your proof that they included tax payer subsidies or your just trolling?
 
captain morgan
#11
Google
 
B00Mer
#12
Quote: Originally Posted by captain morgan View Post

Google

Lazy trolling prick. Couldn't find the evidence yourself..
 
mentalfloss
+1 / -1
#13
Quote: Originally Posted by B00Mer View Post

Where is your proof that they included tax payer subsidies or your just trolling?

He's just jealous that they're creeping up on oil subsidies.
 
B00Mer
-1
#14
Quote: Originally Posted by mentalfloss View Post

He's just jealous that they're creeping up on oil subsidies.

Yeah, no doubt..
 
captain morgan
+1
#15
Quote: Originally Posted by B00Mer View Post

Lazy trolling prick. Couldn't find the evidence yourself..


It's OK punkin... Don't get all defensive just 'cause you don't like the realities on the subject
 
B00Mer
+1
#16
Quote: Originally Posted by captain morgan View Post

It's OK punkin... Don't get all defensive just 'cause you don't like the realities on the subject

Canada gives $3.3bn subsidies to fossil fuel producers despite climate pledge

 
Jinentonix
#17
Quote: Originally Posted by mentalfloss View Post

He's just jealous that they're creeping up on oil subsidies.

Yeah considering ALL of the things oil does. Hmmmm now what can you make from the by-products of wind power? Jack shit. What can you make from the by-products of solar power? Jack shit. How many solar or wind powered container ships are there?
Now, what can you make from the by-products of oil? Hell, you can make over 6000 different products from a single barrel of oil. Here is just a tiny percentage of them. Note how many on just that partial list are normal, everyday consumer products.
A partial list of products made from petroleum

You'll also that gasoline is on that list. If you didn't bother to look at it, a standard barrel of oil is 42 gallons. About 19.4 gallons of that is used to make gasoline. But here's the thing about gasoline. When gasoline was first produced it was basically a junk by-product. So simply by processing or refining oil to make other products, one of the first default by-products is gasoline. You'd actually have figure out a way how to not produce gasoline when processing and refining oil.

It's truly astounding how many idiots who understand dick about chemistry, physics or science in general keep trying to argue from a "the science is settled" perspective. "The science is settled", said no scientist ever who isn't being paid off.
 
B00Mer
+1 / -1
#18
Quote: Originally Posted by Jinentonix View Post

Yeah considering ALL of the things oil does. Hmmmm now what can you make from the by-products of wind power? Jack shit. What can you make from the by-products of solar power? Jack shit. How many solar or wind powered container ships are there?
Now, what can you make from the by-products of oil? Hell, you can make over 6000 different products from a single barrel of oil. Here is just a tiny percentage of them. Note how many on just that partial list are normal, everyday consumer products.
A partial list of products made from petroleum

You'll also that gasoline is on that list. If you didn't bother to look at it, a standard barrel of oil is 42 gallons. About 19.4 gallons of that is used to make gasoline. But here's the thing about gasoline. When gasoline was first produced it was basically a junk by-product. So simply by processing or refining oil to make other products, one of the first default by-products is gasoline. You'd actually have figure out a way how to not produce gasoline when processing and refining oil.

It's truly astounding how many idiots who understand dick about chemistry, physics or science in general keep trying to argue from a "the science is settled" perspective. "The science is settled", said no scientist ever who isn't being paid off.


....and in 55 years you won't be able to make Jack Shit.

The world has 53.3 years of oil left

But there are always biofules.

[youtube]c7Goyg12Reg[/youtube]
 
Jinentonix
+1
#19
Quote: Originally Posted by B00Mer View Post

....and in 55 years you won't be able to make Jack Shit.

The world has 53.3 years of oil left

Wow, nice job. Did you even read the article or just rush to post the link because the title got your little pee pee all hard?
Right from the article itself.
Quote:

However, there's likely a lot more oil left in the tank beyond what BP sees today.

America's energy boom surges

A good portion of the growth in global oil reserves in BP's report comes from the United States. According to BP, the U.S. has 44.2 billion barrels of oil reserves, which is 26% higher than it previously thought. It's also quite a bit more optimistic than the U.S. Energy Information Administration, which recently increased its estimate to 33.4 billion barrels of reserves, or 15% more than previously thought.

The overall cause for that surge in oil reserves is that America's shale oil plays -- the Bakken, Eagle Ford and Permian Basin -- are now being unlocked through horizontal drilling technology.

Despite the big boost in reserves over the past year, there appears to be much more oil potential in each shale play, with the Permian Basin really standing out.

 
B00Mer
+1
#20
Quote: Originally Posted by Jinentonix View Post

Wow, nice job. Did you even read the article or just rush to post the link because the title got your little pee pee all hard?
Right from the article itself.

Yeah I read the article, and despite thier claim there is more oil, the cost to extract the oil is close to a break even point where it's not worth it.

...but as I stated, there are alternatives in the future.. bio fuels.

The Break Even Cost For Shale Oil

Maybe this will get your pee pee hard.
 
pgs
#21
Quote: Originally Posted by B00Mer View Post

Yeah I read the article, and despite thier claim there is more oil, the cost to extract the oil is close to a break even point where it's not worth it.

...but as I stated, there are alternatives in the future.. bio fuels.

The Break Even Cost For Shale Oil

Maybe this will get your pee pee hard.

If you want a hard pee pee maybe you should be looking at your jiggly pictures .
 
captain morgan
#22
Quote: Originally Posted by B00Mer View Post

Canada gives $3.3bn subsidies to fossil fuel producers despite climate pledge

... And?

You were the one that got your panties all in a twist when I mentioned that your investment was actually subsidies

Quote: Originally Posted by B00Mer View Post

....and in 55 years you won't be able to make Jack Shit.

The world has 53.3 years of oil left

Sweet

Price of crude will go through the roof.

Gonna clean-up bro!
 
taxslave
#23
Quote: Originally Posted by B00Mer View Post

Recyclables.

You missed the point. Recycling steel requires heat. Lot's and lots of heat. How many sq miles of panels will it take to run just 1 blast furnace? And how are you going to keep it hot at night when the solar panels go dark?

Quote: Originally Posted by captain morgan View Post

So, when did they start equating tax payer subsidies as actual investment?

They include hydro electric plants.
 
captain morgan
#24
Quote: Originally Posted by taxslave View Post

And how are you going to keep it hot at night when the solar panels go dark?

not a problem... It's exactly like heating up your oven for a couple of minutes when you make delicious muffins
 
taxslave
#25
Quote: Originally Posted by B00Mer View Post

Canada gives $3.3bn subsidies to fossil fuel producers despite climate pledge

You should have read the article before making yourself look as silly as flossy. R&D tax credits are not subsidies. Unlike the $10000 government is giving buyers of electric cars. That is a subsidy. Or bribe if you are being honest.
 
captain morgan
#26
Quote: Originally Posted by taxslave View Post

You should have read the article before making yourself look as silly as flossy. R&D tax credits are not subsidies. Unlike the $10000 government is giving buyers of electric cars. That is a subsidy. Or bribe if you are being honest.

Solyndra
 
tay
+2
#27  Top Rated Post
Quote: Originally Posted by taxslave View Post

You missed the point. Recycling steel requires heat. Lot's and lots of heat. How many sq miles of panels will it take to run just 1 blast furnace? And how are you going to keep it hot at night when the solar panels go dark?

They include hydro electric plants.

Of course you are correct. Oil/Gas and it's byproducts will always be required but the plan is to reduce their use, based on the pollution aspect by as much as possible.

And retaining Solar/Wind power for off times is a challenge. I have a friend who has his cottage set up for the appliances and lights with a whack of batteries and it works okay but his usage is low.Tesla is installing a test site in Australia but the cost of the battery pack is too much at this time.......

Tesla battery in South Australia: Everything you need to know
 
captain morgan
#28
Infrastructure is a big issue as well
 
mentalfloss
#29
Slippery Slope and Cherry Pick.

'You can't live without oil'

And

'Solyndra'
 
taxslave
#30
Quote: Originally Posted by tay View Post

Of course you are correct. Oil/Gas and it's byproducts will always be required but the plan is to reduce their use, based on the pollution aspect by as much as possible.

And retaining Solar/Wind power for off times is a challenge. I have a friend who has his cottage set up for the appliances and lights with a whack of batteries and it works okay but his usage is low.Tesla is installing a test site in Australia but the cost of the battery pack is too much at this time.......

Tesla battery in South Australia: Everything you need to know

I lived off grid for a number of years. Actually lots but most of that was camps where were 100% diesel. 1camp did have a Pelton wheel. I degress. Our own had solar/battery and a generator for real power needs. WE could have lights most of the year but often needed to charge batteries while using power. Especially in winter. Currently we use some solar and a windmill but same problems. The solar keeps the electric bike charged and we can run a couple of lights when the power goes out but no applances.I certainly would not spend $20000 on a grid system based on what I know. It would be close to the end of my life to break even based on the best case senarios. New technology could change my mind.

Interesting thing about windmills the shills don't tell you. High maintenance costs. The North Island wind farm which has only been producing for about 4 years needed all the blades changed. Apparently wind and salt air is bad for them. Who Knew?

Quote: Originally Posted by mentalfloss View Post

Slippery Slope and Cherry Pick.

'You can't live without oil'

And

'Solyndra'

two more things that are beyond your grasp.
 

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