"It is important for regulators and lawmakers to closely monitor these developments and ensure that the interests of consumers and the transition to renewable energy are prioritized."
These are two diametrically opposed goals. Consumers are interested in affordable and reliable energy. So-called "Renewable Energy" is expensive and unreliable. Why were there just rolling blackouts in Tennessee last weekend? Because the TVA killed off a bunch of its coal plants. Why did the grid in Texas fail in 2021? Frozen wind turbines, snow-covered solar farms, and the lunacy of having converted natgas compressor stations from being self-powered by natgas turbines to electric motor driven compressors. Why are electricity prices skyrocketing? Because renewable sources are intrinsically unreliable and if you want a reliable grid, they have to have backup sources, meaning you pay for every MW of generating capacity twice. But you'll probably get your wish because Blackrock is unlikely to push for cheap, reliable energy; they love ESG.
You are right. The types of renewable energy we need must work, be cheap and be reliable. What we currently have doesn’t. Teslas wouldn’t charge during the latest winter storm.
"It is important for regulators and lawmakers to closely monitor these developments and ensure that the interests of consumers and the transition to renewable energy are prioritized."
These are two diametrically opposed goals. Consumers are interested in affordable and reliable energy. So-called "Renewable Energy" is expensive and unreliable. Why were there just rolling blackouts in Tennessee last weekend? Because the TVA killed off a bunch of its coal plants. Why did the grid in Texas fail in 2021? Frozen wind turbines, snow-covered solar farms, and the lunacy of having converted natgas compressor stations from being self-powered by natgas turbines to electric motor driven compressors. Why are electricity prices skyrocketing? Because renewable sources are intrinsically unreliable and if you want a reliable grid, they have to have backup sources, meaning you pay for every MW of generating capacity twice. But you'll probably get your wish because Blackrock is unlikely to push for cheap, reliable energy; they love ESG.
You are right. The types of renewable energy we need must work, be cheap and be reliable. What we currently have doesn’t. Teslas wouldn’t charge during the latest winter storm.