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“Oh, and to achieve this 3.7 % of energy from solar PV and wind, you and I and the rest of the world will pay – according to the IEA – a total of $3.6 trillion in subsidies from 2017-2040 to support these uncompetitive energy sources.”

Watts Up With That?

No, renewables are not taking over the world anytime soon.

Guest essay by Bjørn Lomborg

We have spent the last two centuries getting off renewables because they were mostly weak, costly and unreliable. Half a century ago, in 1966, the world got 15.6% of its energy from renewables. Today (2016) we still get less of our energy at 13.8%.

With our concern for global warming, we are ramping up the use of renewables. The mainstream reporting lets you believe that renewables are just about to power the entire world. But this is flatly wrong.

The new World Energy Outlook report from the International Energy Agency shows how much renewables will increase over the next quarter century, to 2040. In its New Policies Scenario, which rather optimistically expects all nations to live up to their Paris climate promise, it sees the percentage increase less than 6 percentage points from 13.8% to…

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