Australian Politics Forum

Australian Politics Forum
http://www.ozpolitic.com/forum/YaBB.pl General Discussion >> America >> Renewable share prices tumble http://www.ozpolitic.com/forum/YaBB.pl?num=1731151198 Message started by Baronvonrort on Nov 9^th, 2024 at 9:19pm

Title: Renewable share prices tumble
Post by Baronvonrort on Nov 9^th, 2024 at 9:19pm

Quote:

Trump victory hands hedge funds $1.2bn win from bet against renewables

Clean energy shares have tumbled on fears US president-elect will scrap subsidies and tax breaks

https://www.ft.com/content/3af7966d-6729-433e-9864-3346e039c3ef

Wouldn't happen if solar and wind really was cheaper

WB_008.jpg (47 KB | 3 )

Title: Re: Renewable share prices tumble
Post by Mortdooley on Nov 9^th, 2024 at 9:45pm

The truth is clean energy isn't clean. All the hydrocarbon generated in the manufacture and disposal of these wind turbines far exceeds their clean energy production. Electric vehicle production is another high energy consumer. These "green devices" don't just appear after a summer rain, it takes fossil fueled energy to bring them to market. Just like the addition of ethanol to our gasoline, it takes more energy to produce it than it saves in energy costs.