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Green Energy Unicorns

June 8, 2013

Big Picture News, Informed Analysis

Everywhere it has been tried, green energy is costly, unreliable & financially unsustainable over the long term. Here’s a reading list for those still in doubt.

I’ve recently been writing about the fossil fuel divestment movement which, according to someaccounts, is “sweeping” US college campuses. In the opinion of the idealistic young activists involved in this movement, fossil fuels are passé.

“It’s time for a new age of renewables” they declare. College endowment funds should invest in “renewable energies” instead.

Why do we hold on so firmly to green fantasies? Why won’t we admit that currently available renewable energy sources don’t measure up?

This past March, the chief investment officer for California’s state pension plan called investments in clean technology “a noble way to lose money.” It’s possible, he acknowledged, that some of these investments might turn out to be profitable on a timescale of…

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