Many wind and solar advocates argue that shutting down coal and gas plants is worth the risk and the cost because it’ll stop global warming.
Billionaire philanthropist and former New York Mayor Michael Bloomberg pledged $500 million in September toward shifting electricity production in the United States to wind and solar energy and shutting down its coal- and gas-fired plants.
However, some experts say that Bloomberg’s millions, together with the billions being spent by the Biden administration, are paving a road to ruin.
The donation from Bloomberg Philanthropies, which adds to the $500 million Mr. Bloomberg pledged in 2019, aims to “finish the job on coal” and “accelerate the clean energy transition to reach the goal of 80 percent of total electricity generation” from renewables, according to an official statement.
“With 372 of 530 coal plants announced to retire or closed to date—more than 70 percent of the country’s coal fleet—this next phase will shut down every last U.S. coal plant,” Bloomberg Philanthropies stated.
The effort also aims to “slash gas plant capacity in half, and block all new gas plants.”
Many of those who study America’s electric infrastructure say this is taking us down a dangerous path.
“We’re following people here that are pied pipers,” physicist and energy analyst John Droz told The Epoch Times, referring to the literary character who led children to their doom through delusive enticement.
“This whole business of promoting renewables as a solution is completely unproven, scientifically.”
The transition is destabilizing America’s power grid, which could damage transformers and cause long-term outages, according to Steven Milloy, energy expert, news commentator, and publisher of Junkscience.com.
“We are in this nonsensical, headlong rush to wreck our grid,” he told The Epoch Times.
What’s overlooked in this drive to close coal and gas plants is America’s ability to keep the lights on. And while neither the Biden administration nor Mr. Bloomberg has produced a cost-benefit analysis for their plans, analysts say we can look to places such as Germany and Texas, which have taken the lead in transitioning to wind and solar, for a preview of what’s in store.