On October 25th, WattsUpWithThat posted an article about spending on green energy and the results of that spending.

The article reports:

Economist Jeff Currie of Goldman Sachs (Global Head of Commodities Research in the Global Investment Research Division): “Here’s a stat for you, as of January of this year. At the end of last year, overall, fossil fuels represented 81 percent of overall energy consumption. Ten years ago, they were at 82. So though, all of that investment in renewables, you’re talking about 3.8 trillion, let me repeat that $3.8 trillion of investment in renewables moved fossil fuel consumption from 82 to 81 percent, of the overall energy consumption. But you know, given the recent events and what’s happened with the loss of gas and replacing it with coal, that number is likely above 82.” … The net of it is clearly we haven’t made any progress.”

The article includes the following graph:

The article also includes the following Tweet:

I think it is time to go back to the drawing board.