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Tell me but Aren’t Solar And Wind Growing Rapidly?
Answer:
It’s easy to achieve high rates of growth when you start from a tiny amount of installed wind and solar. But the fact remains that solar generated just 0.18 percent of electricity in the United States, and wind 3.5 percent, in 2012.13 This was after more than $50 billion in renewable electricity subsidies over the past three decades. Even Germany, which since 2000 has committed over $130 billion to solar photovoltaics (PV) in the form of above-market-price 20-year feed-in tariff contracts,14 only gets 5 percent of its annual electricity from solar.
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