Democrats have inserted numerous provisions and subsidy programs into their $3.5 trillion budget that would benefit green energy companies and speed the transition to renewables.
The Build Back Better Act would invest an estimated $295 billion of taxpayer money into a variety of clean energy programs in what would amount to the most sweeping climate effort passed by Congress, according to a House Committee on Energy and Commerce report. That price tag doesn’t factor in the other costly measures approved by the House Ways and Means, Agriculture, Natural Resources, Oversight and Transportation committees last month.
“This bill is crammed with green welfare subsidies, specifically for corporations and the wealthy,” House Ways and Means Ranking Member Kevin Brady told the Daily Caller News Foundation in an interview.
Energy experts criticized President Joe Biden’s plan to prioritize wind farms, arguing wind power is costly, inefficient and indirectly produces greenhouse gas emissions.
Wind energy, like solar, is often unreliable since it is intermittent, or highly dependent on nature and out of the control of suppliers, according to the experts. Higher reliance on wind to produce even a fraction of a nation’s energy supply, therefore, cou ld lead to higher prices depending on the weather.
“Both wind and solar have Achilles heels in that they’re intermittent,” Dan Kish, a senior fellow at the Institute for Energy Research, told the Daily Caller News Foundation in an interview.
Some of the world’s top emitters of methane haven’t signed a global effort to curb how much of the greenhouse gas is emitted by 2030.
The three countries – China, Russia and India – that produce the most methane emissions in the world haven’t signed onto the pact, which has been spearheaded by the U.S. and European Union ahead of a major United Nations climate conference. The nations that have signed the agreement represent nearly 30% of global methane emissions, the State Department said Monday.
The U.S. and EU unveiled the Global Methane Pledge on Sept. 18, which they said would be key in the global fight against climate change. The U.K., Italy, Mexico and Argentina were among the seven other countries that immediately signed the agreement last month.
On Wednesday, the Biden Administration made several unverified claims about the future of “green energy,” including the suggestion that half of all energy in the United States could be driven by solar power by the year 2050, as reported by Politico.
In a statement, Energy Secretary Jennifer Granholm said that a new study commissioned by the Department of Energy showed that solar power “could produce enough electricity to power all of the homes in the U.S. by 2035, and employ as many as 1.5 million people in the process.”
In 2006, California Governor Arnold Schwarzenegger signed the landmark AB 32, the “Global Warming Solutions Act.” Determined to leave a legacy that would ensure he remained welcome among the glitterati of Hollywood and Manhattan, Schwarzenegger may not have fully comprehended the forces he unleashed.
Under AB 32, California was required to “reduce its [greenhouse gas] emissions to 1990 levels by 2020.” Now, according to the “scoping plan” updated in 2017, California must “further reduce its GHG emissions by 40 percent below 1990 levels by 2030.”
The problem with such an ambitious plan is that achieving it will preclude ordinary Californians ever enjoying the lifestyle that people living in developed nations have earned and have come to expect. It will condemn Californians to chronic scarcity of energy, with repercussions that remain poorly understood by voters.
At first blush, it may not seem that the Democrats’ $4.5 trillion infrastructure and spending plans and President Joe Biden’s bungled exit from Afghanistan have a nexus. But they do in China’s rare metals monopoly.
Beijing already dominates the rare metals market needed for electronics, electric car batteries and computers, a reality made more painfully obvious with the current computer chip shortage that is slowing production of new U.S. cars.
And now with the haphazard U.S. withdrawal from Kabul, one of the world’s largest untapped deposits of lithium — estimated by some at $1 trillion in Afghanistan — is poised to fall into China’s hands just as Biden has ordered that half all U.S. cars be electric by 2030 and congressional Democrats prepare to vote to invest tens of billions of dollars more to push that goal further.
There is a growing push in the U.S. and throughout much of the developed world to convert transportation from a primary reliance on fossil fuels to an almost-exclusive use of renewable energy (wind and solar). With this goal come promises of unlimited clean and free energy, the creation of millions of green jobs, and the benefit of helping save the planet from an imminent climate catastrophe.
Electric-powered cars are now the rage. Tesla’s market capitalization is seven times larger than that of General Motors and fourteen times larger than Ford’s, though it builds a fraction of the vehicles that those companies do. Many politicians are even considering banning gasoline-powered cars within a few years in favor of electric vehicles (EVs), all in the name of saving the planet.
Joe Biden needs to put the pedal to the metal as he races toward his goal of ridding America’s energy sources of carbon emissions by 2035. But the president-elect’s headlong rush toward a green future may be slowed by a snarl of political speed limits in the states.
One of Biden’s most ambitious aims is to completely clean up the electrical grid, today powered mostly by fossil fuels, in only 15 years. Many energy executives consider that goal quixotic because it would require a breathtakingly fast transformation of the massive power industry — from replacing hundreds of dirty power plants to upgrading thousands of miles transmission lines.