Most likely, the technocrats at DOE convinced Cusi that a coal moratorium will endear him to the noisy climate change people. Embracing renewable energy, or RE, is trendy.The Department of Energy has revealed that the total capacity of power plants in forced outages has more than doubled over the past two weeks compared to the average 700 MW recorded over the last four years. Of course.
Most likely, the technocrats at DOE convinced Cusi that a coal moratorium will endear him to the noisy climate change people. Embracing renewable energy, or RE, is trendy. We simply don’t have sufficient capacity to have adequate reserves to meet peak demand. Fixing that should have been the laser sharp focus of DOE. It would take a miracle to pull enough megawatts from wind and solar to quickly and reliably replace coal as a baseload workhorse. Cusi should have, instead, encouraged the power producers to fast-track the construction of new generation coal power plants that are not as pollutive as the ones we now have.
So, the current DOE team has placed all their eggs in the RE basket. If for some reason the technologies we bought don’t work as well in our country, welcome blackouts galore. Now, they are blaming the pandemic for failure to meet aggressive targets for completion. What is the impact of using massive land areas for solar power on our ability to grow our own food? We can’t even consolidate farm lands into economic sizes for greater productivity because of our agrarian reform law… Now we will allow all that land for solar farms? Why are we sacrificing the tourism potential of Caliraya lake for floating solar panels?
Last week, the Financial Times reported that JP Morgan warned the world needs a “reality check” on its move from fossil fuels to RE. The bank said changing the world’s energy system “is a process that should be measured in decades, or generations, not years.” It added that investments in RE “currently offer subpar returns” and if energy prices rose strongly, there was even a risk of social unrest.
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