Discussion: Green Energy Myths and Realities - Financial Sense Online
Discussion: Green Energy Myths and Realities | Financial Sense
October 6, 2023 – Financial Sense Wealth Management's Jim Puplava discusses the main challenges to a large-scale green energy transition, including lack of scalability in terms of the land and conditions required, the large amount of resources (particularly metals) that go into wind and solar, their high dependence on fossil fuels both for mining and processing, and the self-imposed restrictions on their supply. To read the corresponding piece for today's show, see The Beginning of the End Part III: Green Energy Realities.
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Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.