{"id":2091435,"date":"2023-11-05T22:15:03","date_gmt":"2023-11-06T03:15:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/behind-a-500-million-donation-to-finish-the-job-on-coal\/"},"modified":"2023-11-05T22:18:24","modified_gmt":"2023-11-06T03:18:24","slug":"behind-a-500-million-donation-to-finish-the-job-on-coal","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/behind-a-500-million-donation-to-finish-the-job-on-coal\/","title":{"rendered":"$500 Million Donation Aims to &#8216;End Coal for Good&#8217;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbehind-a-500-million-donation-to-finish-the-job-on-coal%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2091435&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Billionaire Philanthropist Pledges $500 Million to Transition\u2064 US to Renewable Energy<\/h2>\n<p>In a bold move, billionaire\u200d philanthropist \u200cand former New York \u2064Mayor Michael Bloomberg has\u200d pledged $500 million to \u200bshift electricity production in the United States \u2063to wind and solar energy, while shutting \u2064down coal\u200d and\u2064 gas-fired plants. This generous donation \u200cfrom \u2062Bloomberg Philanthropies\u2063 aims \u2062to accelerate the \u2062clean energy transition and achieve the goal of 80 percent renewable electricity generation. With over 70 percent of the\u200c country&#8217;s coal fleet already retired or closed, this next phase\u200c will mark the closure of every\u2063 last U.S. coal plant.<\/p>\n<p>However, some experts are raising concerns about the potential risks associated with this transition. Physicist and energy analyst John Droz warns that \u200bpromoting renewables as a solution is scientifically unproven and could destabilize America&#8217;s power\u200d grid, leading to\u2062 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-billionaire-who-donated-500-million-to-finish-the-job-on-coal\/\" title=\"Billionaire donates 0M to 'End Coal' campaign.\">long-term outages<\/a>. Energy expert \u200dSteven Milloy \u200dalso\u200d cautions \u2062that \u200cthe \u200brush to transition \u2062to renewables is taking us \u2062down a dangerous path.<\/p>\n<h3>The Road to Ruin?<\/h3>\n<p>While the Biden administration \u2062and Bloomberg&#8217;s\u2062 philanthropic efforts are focused on achieving \u2062a clean energy \u2064future, critics argue\u2062 that \u2064we should look to countries \u2063like Germany \u2064and Texas for a\u200b preview of the potential consequences. Germany, which has invested heavily in wind\u2063 and\u2063 solar facilities, has seen skyrocketing electricity prices\u200d and an unreliable electric \u2063system. The cost of electricity has increased despite the \u2063significant investments made in renewable energy.<\/p>\n<p>Furthermore, the transition to renewables is eroding the safety margin of the electric grid. The closure of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/behind-a-500-million-donation-to-finish-the-job-on-coal\/\" title=\"0 Million Donation Aims to 'End Coal for Good'\">dispatchable fossil fuel plants \u2063leaves<\/a> the grid vulnerable to fluctuations in demand and dependent on unpredictable sources\u200b like wind. This reliance \u200con renewables without adequate backup \u2063facilities could lead to grid instability and potential long-term outages.<\/p>\n<h3>The High Cost of Transition<\/h3>\n<p>As the U.S. accelerates its transition to \u200crenewables, consumers are experiencing\u2064 the impact on their energy bills. Utility bills have already \u2062increased by 20 percent in some regions\u2064 as coal plants are retired and\u2062 renewable\u200b infrastructure is built. The cost of building a massive \u200btransmission network to connect remote renewable energy sources \u200dto urban areas is also passed on to consumers.<\/p>\n<p>Proponents of wind\u200d and\u200b solar argue that battery storage \u2064systems will solve the backup generation issue, but \u200canalysts dispute this claim. Grid-scale battery \u200dstorage \u200dis significantly\u200c more expensive than storing natural gas, making it an impractical solution. \u2063The total system cost of integrating wind and solar into the\u200c grid continues to rise, making electricity\u200d more \u200dexpensive for consumers.<\/p>\n<h3>Lessons from Germany<\/h3>\n<p>Germany&#8217;s experience \u2062with its &#8220;Energiewende&#8221; (energy \u2062transition) \u200bserves as a cautionary tale. Despite significant investments in wind and solar, the country&#8217;s electricity production has remained flat, while prices have soared. The \u2063transition has\u2063 also driven heavy industry out\u2064 of the \u2063country due to high power costs and decreasing reliability.<\/p>\n<p>While the \u2064push for renewables is driven by the goal of \u200cstopping global warming, the reduction in CO2 emissions achieved by the\u2063 West is overshadowed by the rapid \u2062growth of emissions in developing countries like China and India. Additionally, the environmental impact\u200d of mining and producing wind turbines and solar panels is often overlooked.<\/p>\n<h3>The Dangers of Moving\u2062 Too Fast<\/h3>\n<p>Despite the risks and concerns raised by experts, government policies continue to push\u200b utilities to move faster in shutting down coal and gas plants. Incentives and regulations \u2062prioritize\u200b the development of wind and solar, even at the expense of grid stability and \u2062reliability.<\/p>\n<p>As the U.S. charges forward with\u200c its renewable energy transition, experts warn\u200b that we are heading towards a dangerous future. The potential consequences include \u200ca \u2064destabilized \u2063power grid, higher energy costs for consumers, and a heavy \u200breliance on\u2063 unpredictable \u200cenergy sources. It is crucial to carefully consider the risks and \u200dcosts associated \u2063with this \u200ctransition to ensure a sustainable and reliable\u200b energy future.<\/p>\n<p> <\/p>\n<h2> How does the intermittent nature \u2062of renewable energy sources affect the stability of the electric grid?<\/h2>\n<p><span>  Emote wind and solar installations is also a significant\u200c financial burden. <\/p>\n<p>Additionally, the intermittent\u200c nature\u2063 of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/carbon-emissions-expected-to-increase-through-2050-eia-says\/\" title=\"EIA predicts rising carbon emissions till 2050.\">renewable energy sources poses challenges<\/a> to the \u2063stability of the electric grid. Since wind and \u2064solar energy are dependent on weather conditions, there are periods of low or \u200dno energy generation. This creates the need \u200dfor expensive energy storage systems or backup power sources\u200c to ensure a constant supply of electricity.<\/p>\n<p>Critics argue that the rush to transition to renewables without careful\u2063 planning and consideration of these challenges could\u2062 result in higher\u2064 energy \u2064costs and\u200c a less \u200breliable power grid. They suggest \u2064that a\u2064 more\u200b balanced approach, which includes a mix of renewable energy sources and dispatchable power plants, \u200bsuch as \u200cnatural\u200d gas\u2062 or nuclear, would be a more viable and cost-effective solution.<\/p>\n<p>On the other hand, proponents of renewable energy argue \u200cthat the \u2064benefits \u200boutweigh the challenges. They assert that transitioning\u2064 to clean energy sources is crucial in combating \u2063climate change and reducing greenhouse\u200d gas emissions. Moreover, the advancements in renewable energy \u200dtechnologies have made wind and solar power more efficient and affordable than ever before.<\/p>\n<p>They\u200d point \u2064to success stories such as California, where\u2062 renewable energy generation has been rapidly increasing, and the state has managed to maintain \u200ca stable grid. They argue that with proper \u200dinvestment in infrastructure \u200dand smart grid technologies,\u200c the\u200c transition to renewables can be achieved without compromising grid stability or significantly increasing costs.<\/p>\n<p>In conclusion, billionaire philanthropist Michael Bloomberg&#8217;s pledge of $500\u200c million to transition the US to renewable energy \u200cis a \u200csignificant step towards\u200b a cleaner and more\u200c sustainable future. While there\u2063 are valid concerns raised by experts about the potential \u200crisks and costs \u200dassociated with this transition, \u200cit is crucial to find a \u200dbalance\u200b between renewable energy sources and dispatchable power plants. By carefully planning and investing in grid infrastructure and\u2064 storage technologies, the \u2064US can \u200dachieve its goal of a clean energy future without sacrificing grid stability or burdening consumers with skyrocketing energy costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>path towards a greener future by accelerating the transition to renewable energy sources and phasing out fossil fuel-based power generation. The combined efforts of Bloomberg and the Biden administration&#8217;s substantial investments are seen as crucial steps in combating climate change and reducing greenhouse gas emissions.<\/p>\n","protected":false},"author":887,"featured_media":2091436,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2091435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2091435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/887"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2091435"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2091435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2091436"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2091435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2091435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2091435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}