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Fighting Climate Change Via Green Change is Too Expensive

The expense of energy is spiralling out of control. Gas is over $1 higher per gallon than it was a year ago. This winter, Americans are dealing with sticker shock when it comes to home heating prices. Though some of this is due to the world resuming normalcy following the outbreak, Climate regulations are driving up prices. We require a change of course. The vast bulk of energy is still provided by fossil fuels.

Despite the fact that the European Union places Climate change at the top of its legislative agenda, fossil fuels account for more than 80% of its primary energy needs, according to the International Energy Agency. Despite all of the environmental rhetoric, solar and wind power only account for roughly 3% of Europe’s overall energy use. Making the switch from fossil fuels to renewable energy is expensive. Solar and wind can only produce electricity, which accounts for less than 5% of overall energy use.

Fighting Climate Change Via Green Change is Too ExpensiveFurthermore, as Europe has discovered, relying on unstable sources such as wind puts homes at risk: For the majority of 2021, wind speeds were exceptionally low, contributing to much of Europe’s current energy woes. When the sun doesn’t shine or the wind doesn’t blow, prices skyrocket, forcing us to rely on fossil fuels as a fallback. Batteries are insufficient and expensive, easily quadrupling the cost of solar energy while providing little power.

In 2021, Europe’s battery capacity was only enough to backup less than 12 minutes of its average electricity consumption. As governments strive to achieve “net-zero carbon” emissions — a goal embraced by President Joe Biden, the European Union, and a slew of others — expenses will skyrocket once more.

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