Following The Money On Renewable Energy

John Hinderaker at Power Line Blog posted an article yesterday about the cost of the a green energy proposal in Minnesota. The article illustrates what will happen if this sort of program is attempted on a national scale.

The article reports:

Today Center of the American Experiment released a groundbreaking paper that addresses a relatively mild “green” proposal: legislation that would raise the renewable energy standard in Minnesota from 25% to 50%. Two of my staffers have been working on the paper for months, drawing on publicly available (but rarely consulted) sources to understand what would be necessary to achieve that 50% goal, what it would cost, how it would impact the state’s economy, and what effect it would have on global temperatures.

The paper is titled “Doubling Down on Failure: How a 50 Percent by 2030 Renewable Energy Standard Would Cost Minnesota $80.2 Billion.” With appendices, it runs to 75 pages. I am not aware of a similarly comprehensive analysis that has been done of any “green” proposal at either the state or the federal level. The paper is fully transparent: all assumptions, data and calculations are clearly set forth. The appendices are largely spread sheets. If anyone disagrees with the report’s conclusions, it should be easy to identify where and why those disagreements arise. You can read the paper here.

The article cites a few highlights from the report:

* Building and maintaining “green” wind and solar facilities, along with transmission lines and necessary natural gas complementary plants (to provide electricity when the wind isn’t blowing, i.e. 60% of the time), would cost $80.2 billion through 2050. For a state like Minnesota, that number is out of the question.

* Every household in Minnesota would pay an average of $1,200 per year, in 2016 dollars, through higher electricity rates and otherwise.

* Electricity prices would rise by 40.2%.

* Electricity-intensive industries like mining, agriculture, manufacturing and health care would be hurt the most. Once again, urban greenies are hammering rural, and physically productive, America. [That last is my commentary, not found in the executive summary.]

* Higher electricity prices are a dead loss that will reduce spending in other areas as household budgets are squeezed. Therefore, according to economist John Phelan, using the generally accepted IMPLAN software, achieving the 50% renewable goal would cost Minnesota 21,000 permanent jobs, and reduce the state’s GDP by $3.1 billion annually. It is one small step on the road to Venezuela.

This really does not sound like a good idea. The push for green energy has always been about government power–whether at the state or federal level. It is interesting that the political left has chosen to attack fossil fuels just at the time when America has achieved energy independence because of fossil fuels and fossil fuels are driving our economic success. Economic success is the enemy of those who espouse socialism–if people are become prosperous, why would they want something different?

Green Energy At Its Finest!

I am not against green energy. I am against government subsidies of green energy. If the free market is allowed to work in the alternative energy segment of the economy, we will get the best, most efficient, and least expensive form of alternative energy possible. Someone will make a huge profit from their invention, but I am fine with that. However, whenever the government gets involved, things get more expensive and less efficient.

Yesterday The Gateway Pundit posted a story that is a glaring example of this. The story is about a solar roadway in Idaho.

The article quotes The Daily Caller:

An expensive solar road project in Idaho can’t even power a microwave most days, according to the project’s energy data.

The Solar FREAKIN’ Roadways project generated an average of 0.62 kilowatt hours (kWh) of electricity per day since it began publicly posting power data in late March. To put that in perspective, the average microwave or blow drier consumes about 1 kWh per day.

On March 29th, the solar road panels generated 0.26 kWh, or less electricity than a single plasma television consumes. On March 31st, the panels generated 1.06 kWh, enough to barely power a single microwave. The panels have been under-performing their expectations due to design flaws, but even if they had worked perfectly they’d have only powered a single water fountain and the lights in a nearby restroom.

Solar FREAKIN’ Roadways has been in development for 6.5 years and received a total of $4.3 million in funding to generate 90 cents worth of electricity.

I have no problem with Solar FREAKIN’ Roadways trying to develop a road that generates electricity. Go for it! However, I do have a problem with my tax dollars paying for their research. Let them create a prototype that investors would be interested in and go from there. That is the way the free market works. That is how people actually prosper.