Friday, May 24, 2024

Biden/Kerry Green Energy Plan Would Destroy Developing-Nation Economies

John Kerry, the Biden administration’s Special Presidential Envoy for Climate, is traveling the world, asking developing nations to produce green energy instead of fossil fuels. But, if that shift were to happen, the devastation to third-world countries would be catastrophic, agree energy industry and international policy experts.

“We’re telling developing nations that we don’t want them to go through the process of developing, we don’t want them to have coal or natural gas or even nuclear. We want them to use wind and solar which is intermittent, which is ineffective, which is incredibly cost-prohibitive,” Daniel Turner, the executive director of Power The Future, said in an interview with Fox News Digital.

Turner said Western leaders are willing to leave poorer nations in energy poverty in order for their own richer nations to feel good about “embracing the climate cult.”

Turner continued, “There is no greater white privilege than being a climate change activist. It is the privilege of rich and elite folks — you could even throw in the word godless if you wanted — who need to feel like they care about something in this world. So, they cling to the climate change cult, but they’re unaffected by the consequences of it.”

Earlier this week, the United Nations kicked off its annual climate conference in Egypt, where leaders have engaged in deep discussions about fighting global warming and accelerating the globe’s transition to clean energy. Among the highlights of those brainstorming sessions has been the idea of climate finance — the notion of wealthier nations pooling money to build green energy infrastructure in poorer countries.

Such a green transition would end up acutely impacting developing countries that have fewer traditional sources of backup power, agreed Turner and other analysts..

Kerry, who is leading the U.S. delegation at the conference, introduced a plan to raise money for clean energy projects through private capital and a system of carbon credits. Under Kerry’s proposal, annual green energy investment would increase to $4.2 trillion by 2030.
The former Secretary of State under President Obama previously urged financial institutions and the private sector to drive much of the fundraising for green energy projects worldwide. He also urged African nations to move away from fossil fuel production and aggressively toward wind and solar.

“We can see the result already in Sri Lanka,” Benny Peiser, the director of the London-based Global Warming Policy Foundation, told Fox News Digital. “You saw what happened when they introduced these green policies. The economy collapsed and you have complete and utter poverty. That’s what happens.”

Sri Lankan citizens took to the streets last summer to protest green policies intended to decarbonize the nation’s important agriculture sector. Gotabaya Rajapaksa, the country’s president who was ultimately forced to flee the country and resign because of the unrest, had stated at a UN conference back in 2021 that traditional fertilizers “led to adverse health and environmental impacts.”

The new green policies led to food shortages, fuel shortages and an economic downturn.

Turner, Peiser and others argue green energy sources are unreliable, don’t always produce energy and produce far less than their capacity would suggest.

Wind turbines, as an example, generally produce between 25-50 percent of their listed capacity, as solar panels typically produce 10-35 percent of their capacity, according to data from the Energy Information Administration, while coal and natural gas power plants dependably generate 60-70 percent of their capacity.

“You can’t do this stuff and have reliable electricity,” Steve Milloy, a senior legal fellow at the Energy & Environment Legal Institute, told Fox News Digital. “It just doesn’t work. It doesn’t work in the United States and we’ve been working on it for 40 years. It’s going to be a disaster over there.”

It’s the corrupt, small, poor governments to which the West under Kerry’s approach would just give money, “a lot of which will be siphoned off for their own personal use,” Milloy continued. “You can’t implement the green agenda even in wealthy countries. How are you going to do it in poor countries?”

There have been a number of developing nations that said they would be open to implementing a green transition with funds from the West — if their own climate finance demands are met.

Right before the UN summit kicked off this week, a group of African and Arab countries formed the COP27 Coalition and issued a series of demands for wealthy nations from the West to provide finance, technology and capacity while repaying their “climate debt” through a system of reparations.

Anthony Watts, a senior fellow for environment and climate at The Heartland Institute, noted to Fox News Digital, “If we were to stop using all fossil fuels today, the world would grind to a screeching halt because fossil fuels are in literally every aspect of life…in clothing and textiles, plastics, lubricants, fertilizer.”

Politicians like John Kerry, Watts said, “don’t understand how the real world works…they make these pronouncements without really understanding what they’re asking for. If they got what they were asking for, the world would crash.”