Lack Of ‘Base-Load Power’ Causing Massive Energy Price Increases
Copenhagen Consensus President Bjorn Lomborg explains what happened when the world tried to introduce renewables without enough base-load power to support it.
Europe’s renewable energy push has made power prices increasingly high with the nations retiring too much base-load generation, mainly coal, and pushing too hard on boosting renewable energy. [bold, links added]
“We hear a lot about heat deaths and that’s a real problem, what we don’t hear is many more people all across the world die from the cold,” Mr. Lomborg told Sky News host Chris Kenny.
“Now if the prices go through the roof, it’s very likely people won’t be able to heat their homes as well and that will mean many more people dying from the cold.”
WATCH:
h/t Joe O.
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