Renewables industry collapsing
. . . but fantasy rules the roost in politics.
You see renewable energy is sustainable, which by definition means, anything which requires a large and increasing government subsidy, or what we called in the bad old days, unsustainable. Green speak is like opposite day, you simply use a word, but define it as its antonym. Viola!
With the government subsidies running out, renewable energy investment is cratering. Which means it was only worth investing in as long as free "other peoples money" was available. But we should hear about how this is terrible, since renewables are at the point where they will soon be cheaper than fossil fuel alternatives, so it would be economic madness to walk away now! Except this is the same argument we oldsters have heard since Carter was President. The solution is always the same, more subsidies, to get renewables over the hump, and then Nirvana!
But the only thing that comes are the taxes to create the subsidy.
Like train transit, renewables look fantastic on paper, trains can carry huge number of people over the course of a day, and renewables have the potential to produce huge amounts of electricity. Potential. But potential is not reality, and only reality matters. Rail transit carries no consequential numbers outside of New York City and possibly one or two other large metro areas. Renewable energy sources never actually produce much energy, and if you take into account the transmission losses, and the standby fossil fuel energy used, they are pretty close to zero actual energy production.
But they are truly sustainable, since they required huge, and increasing government subsidies.