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Why solar and wind are not winning
Oped, Bjorn Lomborg, Published on 20/04/2024
» Despite us constantly being told that solar and wind are now the cheapest forms of electricity, governments around the world needed to spend US$1.8 trillion (66.3 trillion baht) on the green transition last year. "Wind and solar are already significantly cheaper than coal and oil" is how US President Joe Biden conveniently justifies spending hundreds of billions of dollars on green subsidies. Indeed, arguing that wind and solar is cheapest is a meme employed by green lobbyists, activists and politicians around the world. Unfortunately, as the $1.8 trillion price-tag shows, the claim is wildly deceptive.