Commentary: The Delusions of Davos and Dubai Surrounding Wind and Solar Energy

Solar Energy

In the most recent “Conference of the Parties,” otherwise known as the United Nations extravaganza that convenes every few years for world leaders to discuss the climate crisis, several goals were publicly proclaimed. Notable were the goals to triple production of renewable energy by 2030 and triple production of nuclear energy by 2050. Against the backdrop of current global energy production by fuel type, and as quantified in Part One, against a goal of increasing total energy production from 600 exajoules in 2022 to at least 1,000 exajoules by 2050, where does COP 28’s goals put the world’s energy economy? How much will production of renewable energy have to increase?

To answer this question, it is necessary to recognize and account for the fact that most renewable energy takes the form of electricity, generated through wind, solar, or geothermal sources. And when measuring how much the base of renewables installed so far will contribute to the target of 1,000 exajoules of energy production per year in order to realize—best-case scenario—800 exajoules of energy services, the data reported in the Statistical Review of Global Energy is profoundly misleading.

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Commentary: Ruling Class Disturbance

WEF

The last few months have been interesting. We have started to see some very public disagreements among the world’s ruling classes. The gathering of elites at the World Economic Forum in Davos, Switzerland, has long fascinated observers and become a lightning rod for criticism, becoming a bogeyman of the right, as well as the hardcore, anticapitalist left. It is a front-row seat to the thinking and priorities of the world’s most powerful people.

In Davos, the world’s media, academic, political, and financial elites spend a few days in luxurious surroundings, praising themselves and forming a consensus on solutions to what they deem to be the problems of the world. This includes everything from facilitating mass migration, tackling global warming by moving away from fossil fuel energy, and the need for economic redistribution to the poor and the third world, all through the corporatist idea of “stakeholder capitalism.”

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Gates Foundation Announces Intentions for Record-Breaking Donations in 2024

Gates Foundation

On Monday, the left-wing Bill and Melinda Gates Foundation announced from the annual World Economic Forum (WEF) in Davos, Switzerland that it intends to spend billions of dollars on left-wing causes in the year 2024.

According to the Daily Caller, the foundation’s board of trustees voted in favor of a record-high budget of $8.6 billion in 2024, up from the previous year’s $8.3 billion and $7 billion in 2022. The foundation has a history of spending millions on such causes as abortion, pro-Democrat nonprofits, and Chinese government entities.

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