Wednesday, April 10, 2024

The Inflation Reduction Act and Renewable Energy

 

This BBC website is exploring the effects that the US IRA legislation is having on the development of the technology in the renewable energy sector. Corporations are in a mad dash to acquire federal funds and tax credits by joining the fight against CO2.

 "[The IRA and BIL] are massive investments… larger than the infrastructure related provisions in the New Deal," says Adie Tromer from the Brookings. "There is a clear sense that America has become more serious about transitioning to a cleaner economy."

A ridiculous statement. "America" isn't an entity that has the capability of becoming serious. People may individually become serious about something but it's not reflected by government activity. If the government approached each citizen with a request for their share of the funds for clean energy the response would probably be very disappointing.

 Ascend Elements, has received almost a billion dollars from federal and private sources to construct and equip a massive lithium battery recycling plant in Hopkinsville, Kentucky.

 

This process requires existing lithium batteries as its raw material. That would make it comparable to grinding up junkyard automobiles to manufacture new models. That's done to a certain extent now but probably couldn't be the source of all the materials needed for current or future production.

The crux of this situation is lithium itself, which, according to what we hear and read, is a substance controlled by the CCP and thus a situation that can't be allowed to continue.

It's become obvious that the existential climate change problem has been transformed from a CO2 elimination issue to a likely business windfall to an economic competition with the godless Commies. Since the Chinese are still opening coal generating stations on a daily basis while peddling the majority of renewable energy equipment to the West, a truly unpleasant international situation is developing that may not be peacefully resolved.  

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