Renewables and the Market

Jonathan Neale

Over the last few years, the falls in the price of solar and wind power have been dramatic. Does this mean the the market will now produce enough renewable energy?

Unfortunately, no.

We have been told for two decades that the proportion of renewable energy in total global energy has been continually rising. But in fact, in 2019 wind and solar produced less than 2% of the total energy used globally. Less than 2%.

[This article is an excerpt from Fight the Fire: Green New Deals and Global Climate Jobs. You can download a pdf or an e-book for FREE here, or order a paperback here.]

That proportion of 2% has not been growing. For the last four years, the amount of new wind and solar each year has been flat, and not increasing. That means that total investment has actually been falling. (If solar is cheaper, lower investment can still produce the same amount of solar.)

On the face of it, this makes no sense. Surely, if the price of wind and solar is falling, they should be replacing fossil fuels. And the cheaper they get, the more corporations should be investing. In fact, the opposite is happening. The market is failing. This article explains why, and what we can do about it.[1] Continue reading

Fight the Fire

Jonathan Neale’s new book Fight the Fire – Green New Deals and Global Climate Jobs can be downloaded as a free pdf or a free e-book here. It can be ordered as a paperback for £15 here .

Advance Praise for Fight the Fire

“This is a timely book. At a time when the world is still reeling from the ravages of Covid-19 and the massive economic dislocation that it engendered, now is the perfect time to reinvigorate the campaign for climate jobs, or, as in the case of the Philippines, to launch it. And this book is just what any climate jobs campaigner would need. It provides the big picture, the science and the politics of climate change, as well as the nuts and bolts of how such a campaign would look like. More than that, it is replete with lessons that the author has gained from a life spent fighting in the trenches of various campaigns.” – Josua Mata, Secretary-General, SENTRO union federation, Philippines. Continue reading