New Green Deal’s Punishing Price: Ditching Fossil Fuels Would Cost Americans $29 Trillion

Green New Deal Democrats claim that America will soon be powered by nothing but sunshine and breezes and, thereafter, never use fossil fuels, again.

Part of the premise involves creating an all-electric society, where every household or business is exclusively powered by electricity.

The idea has been around for some time, but it appears renewable energy rent seekers have been promoting it in earnest, of late.

Assuming it were even technically possible, as detailed below, the cost would be colossal and leave America’s economy in ruins.

USA cost to go without fossil fuels: $18-29 Trillion
Watts Up With That?
Anthony Watts
22 September 2020

USA cost to go without fossil fuels: $18-29 Trillion. By comparison, the USA Gross Domestic Product for 2018 was $20.54 trillion.

E&E Legal Releases Tom Tanton State-by-State “Electrification” Costs Report

For Immediate Release: September 22, 2020

– Today, the Energy & Environment Legal Institute (E&E Legal), released a state-by-state report on the capital cost associated with “electrification” for states and the nation. The report, and its accompanying data spreadsheet, was authored by Tom Tanton, E&E Legal’s Director of Science and Technology Assessment.

According to the report, electrifying the entire nation, with a goal of eliminating the direct consumption of fuel and reducing climate change emissions, would cost between $18 trillion and $29 trillion in first costs. Going all renewable will force costs to the high end of the range. Also, constructing and implementing an “all-electric” nation will include two other significant costs: stranded assets and deadweight losses.

The bottom line is that electrification is not a cost-effective means of reducing carbon emissions from commercial or residential buildings nor the transportation sector.

“Electrification of everything is a poor means to reduce greenhouse gasses and exposes customers to more frequent outages. Further, we’d just be substituting one set of environmental impacts for another,” said Tanton.

“There are several other more environmentally-friendly and cost-effective means to accomplish this goal, and we simply can’t afford to electrify everything as the report clearly shows.”

Tanton adds that electrification will destroy decades of diversification by the market, tying consumers to a fragile yet monolithic electric grid.

The electric grid is ill-equipped for extreme conditions, like extended heat waves or polar vortex cold snaps, without blackouts, like just happened in California. The likelihood of outages will increase with the considerable increase in demand associated with electric cars, removing natural gas from buildings, and other electrification moves. Building a more robust grid to handle such extremes would add perhaps $7 trillion to the costs.

The report notes that Texas would lead the way in terms of total electrification costs at $3.157 trillion, followed by California at $2.823 trillion.

What’s even more frightening is the per capita costs of such an expensive and destructive experiment. For example, each resident of Louisiana can expect a bill of $166,065, while Wyoming citizens would be on the hook for $158,961 apiece, and those in North Dakota would face a tab of $133,847.

Tanton, who lives in California and formerly a Principal Policy Advisor with the CA Energy Commission (CEC), has witnessed first-hand the devastation wrought by attempts at complete electrification.

“California’s rolling blackouts and cataclysmic forest fires are not the results of climate change. They are the direct result of poor leadership and destructive energy policies that should be rolled back in my state and others before it’s too late,” Tanton concluded.

The Energy & Environment Legal Institute (E&E Legal) is a 501(c)(3) organization that champions responsible and balanced environmentalism, which seeks to conserve the nation’s natural resources while ensuring a stable and robust economy through energy dominance.

Specifically, E&E Legal advocates responsible resource development, conservation, sound science, and respect for property rights.

According to the BEA, the USGDP is now negative. The greens should explain how they plan to pay for the “green new deal” under these circumstances:

Watts Up With That?

About stopthesethings

We are a group of citizens concerned about the rapid spread of industrial wind power generation installations across Australia.

Comments

  1. ronaldsteinptsadvancecom says:

    The world needs to comprehend that energy is more than intermittent electricity from wind and solar. Ever since the discovery of the versatility of products available from petroleum derivatives, and the beginning of manufacturing and assembly of cars, truck, airplanes, and military equipment, the world has had almost 200 years to develop clones or generics to replace the crude oil derivatives that are the basis of more than 6,000 products we use such as: medications, electronics, communications, tires, asphalt, and fertilizers.

    The social needs of our materialistic societies are most likely going to remain for continuous, uninterruptable, and reliable electricity from coal, natural gas, or nuclear electricity generation backup, and for all those chemicals derivatives that get manufactured out of crude oil, that makes everything else that’s part of our daily lifestyles and economies.

  2. I would like to see two things studied to present another perspective on this ongoing matter of fake ‘climate change’ which is the basis for all this nonsense. Since the blame in these schemes presented by these hucksters is carbon blanket dioxides in the sky floating up there like magic carpets that run out of fuel and get stuck thus “trapping heat” which most of us know is a fantasy, get some data out there on how much heat is emitted from all these systems that generate the energy and use the energy. People think wind turbines don’t generate heat? Turbines are actually turned on to burn up electric that can’t be used thus creating heat and when they create power they also generate heat. Get that number. Same with solar panels that are BLACK thus these create more heat and disturb natural processes below them. Next is report on how much “climate changing heat” would be eliminated if instead of banning plastic bags and straws which are very useful and save tonnes of heat energy we instead ban all television fake news and internet servers on 24/7 that generate massive quantities of heat and streaming devices that remain on 24/7 generating heat and start immediately with a ban the production of petroleum based face masks that stop no virus as they are at minimum 1000x smaller than the fabric holes that let air through so you can breathe about 20% less oxygen ‘for your health’, that amount of heat saved would be massive, and ban the ongoing heat generating medical industry systems that are wasteful such as all the energy wasted and heat generated in all this virus hunting obsessive compulsive neurotic insanity which in 2019 would be something your doctor would recommend you see a psycho therapist for to get better. This whole “save the planet” thing based on this illusion of heat being trapped is so incredibly stupid for people to believe. The Earth is enveloped with frigid space at 456 degrees below zero that stretches for trillions of zillions of octillions of light yearillions of stratosphericillions of miles in every direction outward always providing a constant cooling and a heat source of same constant magnitude, we have no control what so ever on climate any more than how liberals would next want to claim they can reposition the sun to save us. Thus all efforts should be in smashing the foundation of this lie and part of which might include presenting how much heat an all electric grid would actually create and thus quite possibly nullify the entire matter and if we use the $ figure alone we might get a clue right there as money is heat energy.

  3. Crispin bpm says:

    An inconvenient truth?

    Video title: China builds world’s largest low emission coal-fired power supply system

    Published by CGTN

    Meanwhile, back in Australia. How long until we hit the wall, through our pig-headed refusal to use OUR OWN COAL!!?

    Video title: KID CARPET – HITTING THE WALL

    Published by Kid Carpet

    (Please note that these views are my own. I have no idea what Bristol’s Kid Carpet thinks about coal. But the track may also resonate with those in Melbourne’s seemingly endless lockdown 2.0!)

  4. We cannot live without fossil fuels without ending in socialist chaos.
    Greta, Floyd and Covid is the biggest scam in history.

  5. USA cost to go without fossil fuels: $18-29 Trillion. As with all estimates re time required and price for any job your local tradesman will tell you that to get the correct figure you need to double it and then add some.

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