Here’s another fashionable article about green energy. It appeared yesterday on the Bloomberg web site, in the “Green” section. Bloomberg.com, as you may know, is the corporate and media aspect of billionaire Michael Bloomberg’s empire. It pretty much reflects Mr. Bloomberg’s world view, which is very pro-business and pro-wealth, but mixed with a tincture of liberal concern and even a bit of corporate “wokiness” of late. So of course there is a “Green” division of Bloomberg Media, which reports on climate change and how business is adapting to modern environmental concerns. And why not, given that there is money to be made by somebody!

Given all of that, I wasn’t too surprised to learn from the title of this article that “Replacing Coal Plants With Renewables Is Cheaper 80% of the Time”. And as if that wasn’t enough, the subtitle goes on to tell us “A new report shows that the economics may not even support running U.S. coal plants, let alone building them.” Wow, sounds like the revolution is under way! If the economics now line up so powerfully in favor of green energy, then who needs AOC (Congresswoman Andrea Ocassio-Cortez) and Bernie (Vermont Senator) and their “Green New Deal”? It’s all over but the shouting (and maybe a few billion dollars of financing deals and construction projects) . . .

In a nutshell, this article reports on the results of a recent report from a non-partisan climate and energy research group called Energy Innovation. The first few paragraphs of the article make it sound like the end is nigh for fossil fuels.  »  continue reading …