Green, Sustainable Energy is Here to Stay - Coal is Dead
Wayne King
President Trump thinks that he is going to undo all of the good work that President Obama has done to put us on the road to clean and sustainable energy. Today he's going after the Clean Power Act but President Obama was smart. He used the crisis of 2008 to give a huge boost to wind and solar and other green energy sources and now they have market viability. Anyone who invests in carbon producing energy sources from here on is liable to lose their shirt and they know it. Coal is dead, we need to create new clean energy opportunities in the coal states and educate the people who live there to enable them to work in the industries of the future not the past.
But we need a smart grid to deliver and target energy resources. This will cost a lot of money but that money is already there.
According to the International Monetary Fund in 2015 they quantified the amount of money that is going into subsidies for fossil fuels and it was 5.4 TRILLION dollars. 6.5% of global GDP. What we have is not a technology problem, it is a political problem. Corrupt politicians and energy companies scratching to hold onto power in a system that is rapidly transitioning away from them have built a system where second industrial revolution energy is at an advantage over Third Industrial Revolution (TIR) Tech. We need to redirect those funds to build a new paradigm for distributing energy
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