18 min
To Be Sustainable, Green Energy Must Generate Adequate Taxable Revenue Our Finite World
-
- Nyheter – kommentarer
This episode is also available as a blog post: https://ourfiniteworld.com/2021/07/15/to-be-sustainable-green-energy-must-generate-adequate-taxable-revenue/
This is an article I wrote because a Biophysical Economics group that I am part of is looking at the question of whether EROEI calculations are sufficient to give good answers with respect to Green Energy. In this post, I try to explain in lay people terms that what really is needed is taxable income generated by Green Energy products. Right now, Green Energy products are heavily subsidized, making them look profitable. If an economy is truly to be sustainable for the long run, Green Energy cannot depend on subsidies, indirectly from fossil fuels. Instead, Green Energy needs to be able to generate huge amounts of "net energy" for use by the rest of the economy. It does this by producing high amounts of taxable income, which the governments can tax and distribute to other parts of the economy where it is needed. We are already having difficulty producing enough energy for the world's population. I am skeptical that Green Energy is up to the task it needs to perform, if it is expected to replace fossil fuels.
This episode is also available as a blog post: https://ourfiniteworld.com/2021/07/15/to-be-sustainable-green-energy-must-generate-adequate-taxable-revenue/
This is an article I wrote because a Biophysical Economics group that I am part of is looking at the question of whether EROEI calculations are sufficient to give good answers with respect to Green Energy. In this post, I try to explain in lay people terms that what really is needed is taxable income generated by Green Energy products. Right now, Green Energy products are heavily subsidized, making them look profitable. If an economy is truly to be sustainable for the long run, Green Energy cannot depend on subsidies, indirectly from fossil fuels. Instead, Green Energy needs to be able to generate huge amounts of "net energy" for use by the rest of the economy. It does this by producing high amounts of taxable income, which the governments can tax and distribute to other parts of the economy where it is needed. We are already having difficulty producing enough energy for the world's population. I am skeptical that Green Energy is up to the task it needs to perform, if it is expected to replace fossil fuels.
18 min