An October report from BlackRock (BLK)—the world’s largest publicly traded investment management firm—wisely states, “markets are calm but geopolitics are anything but.”
Wind and solar energy—two leading renewable energy options—could possibly become a dangerous part of an energy mix as the world continues on a downward geopolitical slope.
Both are intermittent and unreliable, and can only produce consistent energy under certain weather parameters, and neither, at this time, can be stored at scale. Renewable energy options are also tough on the environment because wind and solar energy requires large amounts of land compared to conventional, reliable fossil fuel energy.
However, renewables are consistently publicized as growing faster than fossil fuels, but that’s misleading. Unless hydroelectricity is being produced under a controlled scenario with dammed water then renewable energy is inferior to coal, nuclear and natural gas powered electricity.
While renewables don’t emit carbon dioxide, they may not, unfortunately, be the solution to lower emissions. This is where renewables can create a dangerous geopolitical climate for nations pursuing them wholeheartedly. Read More…