NBC News Inadvertently Exposes Big Government Climate Folly

Posted • July 9, 2024: An NBC News item on lost solar energy inadvertently exposes the folly of big-government climate policies such as the Green New Deal, and building mandates. The report also exposes the extent to which the market does not actually support an electrification agenda. Watch as correspondent Liz Kreutz explains curtailment, which is basically solar energy that is lost for lack of storage space or transmission capacity, and how people in California reacted to a reduction in government incentives for residential solar installation. The “new challenges casting a shadow” on fulfillment of the green agenda are actually old and persistent. And they boil down to the market. Basic supply and demand.

People went along with installation of solar panels so long as the government incentives flowed freely from California’s state coffers. People didn’t really care or think about curtailed, or lost, power. But once the taxpayer money dried up, they stopped buying solar panels, which rippled across the solar rent-seeking economy. Furthermore, in order to maximize efficiency, they have to pony up an extra 10-20 thousand dollars, which in this economy might not be so accessible. The report exposes that without appropriate storage capacity the potential of solar power is not fully realized, as well as the folly of government mandates. One imagines the disaster if something like the Green New Deal were to become the law of the land, with its requisite mandates. In hyping the green agenda, NBC News exposed its potential downfalls. (…)

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https://www.newsbusters.org/blogs/nb/jorge-bonilla/2024/07/09/nbc-news-inadvertently-exposes-big-government-climate-folly