Massive subsidies & government dictated use drives renewables – absent these they’re ignored

The EIA IEO 2019 report shows that end use energy sectors including industrial, residential, commercial and transportation made little use of renewable energy in 2018 with that trend forecast to continue through year 2050.

The end use energy sectors accounted for about 60% of total global energy use in 2018.

Renewables provided only about 5% of the end use sectors total energy needs in 2018 with that small 5% renewable use percentage forecast to continue through year 2050.

The end use energy sectors are not required to accommodate massive government cost subsidies and mandates dictating use of renewables as is the case with the electric power sector.

This significant difference between the electric power and end use sectors results in sharp contrasts regarding the use of renewables in the electric power sector where massive government subsidies totaling trillions of dollars along with decades long government mandates requiring use of renewables have resulted in these resources providing (including large hydro, geothermal, wind, solar and other) from 29% to 52% (forecast) of total global electric power sector energy between 2018 through 2050 as shown below.

Article URL : https://wattsupwiththat.com/2019/10/08/massive-subsidies-government-dictated-use-drives-renewables-absent-these-theyre-ignored/

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