Both the wind and solar sectors are reporting massive declines in profit over the past year due to supply chain problems, market uncertainty and now the crisis in Ukraine, reports claim.
The electric vehicle industry is also struggling, at least in terms of its ability to deliver on parts and supplies. Rivian CEO RJ Scaringe says that 90-95 percent of the supply chain simply “does not exist,” which is not exactly promising for the future of the “clean energy” technology.
“One of the problems with this industry as a whole is that, since at its very foundation it is based on government subsidies and government mandates, its market value is never truly known,” says Daniel Turner, executive director of the group Power the Future.
Without constant government cash infusions, companies like Elon Musk’s Tesla would not be what they currently are. The green energy industry as a whole is more of a smokescreen than anything, economically speaking.
At best, electric-powered transportation and solar power are just heavily subsidized commodities for the rich. At worst, the entire green industry is simply a ploy to tear down the fossil fuel industry, which powers many of the necessities that people rely on in order to live.
Green energy is completely unsustainable
Even as the United States, the European Union and other Western powerhouses continue to push aggressive green energy programs as the solution to so-called “climate change,” the industry itself is bleeding more cash than it takes in.
Economically speaking, green energy is a nightmare for prosperity. The infrastructure for it is still prohibitively expensive, delivering minimal returns for the heavy inputs that are necessary to make it functional.
Prices are surging while profits decline, it turns out. And yet the Biden regime is continuing its quest to fully “decarbonize” the energy grid by the year 2035 while reaching net-zero economy-wide emissions by 2050.
In order to make all this happen, everything will need to be de-industrialized, which will make the average person poorer. The global population will also need to decrease dramatically, it turns out.
Going green means going lean in terms of growth. Going green is actually anti-growth and anti-prosperity, meaning it represents a reversal of the current pro-growth, pro-prosperity paradigm.
Economic growth will become a thing of the past, as will population growth. The new paradigm will be one that completely deconstructs the current one – the “Great Reset,” if you will, that World Economic Forum (WEF) founder Klaus Schwab infamously spoke of.
“It’s a big lie when the environmentalists say, ‘it’s cheap’ – we don’t know what it actually costs,” Turner says. “It may be, I’m not denying it could be, but the fact is we don’t actually know what wind and solar cost.”
Between 2021 and 2022, according to an April 13 report from renewable industry marketplace LevelTen Energy, the average price for renewable energy technology in North America increased by an “astounding” 28.5 percent.
A report from the group explains that development costs, supply chain deformities and market uncertainty are all to blame for the setback, even as demand for green energy has continued to climb.
Meanwhile, wind and solar project completions in the United States have plummeted over the past two years. The total investment value of such projects dropped from $46.2 billion in 2019 to $7.5 billion in 2021, explains an Industrial Info Resources report published on April 21.
During that same time period, the number of wind and solar project completions decreased from 240 to just 66, representing a 73 percent decline.
More related news can be found at GreenTyranny.news.
Sources for this article include: