As Gateway Pundit reported earlier — the Biden administration announced a new plan to reduce domestic oil production, this time preventing new offshore oil drilling projects in the Atlantic and Pacific oceans.
On Friday, the Department of Interior announced part of its process to implement a new five-year plan for offshore oil drilling. The plan could allow a maximum of 11 oil lease sales for offshore drilling, ten in the Gulf of Mexico and one in the Cook Inlet off the south-central Alaska coast over the next five years. The plan eliminates any new productions from both the Atlantic and Pacific regions.
But that didn’t stop Joe Biden from lashing out at gas stations for his record gas prices.
Three years ago I published a column at Forbes arguing that solar panels weren’t clean but in fact produced 300 times more toxic waste than high-level nuclear waste. But in contrast to nuclear waste, which is safely stored and never hurts anyone, solar panel waste risks exposing poor trash-pickers in sub-Saharan Africa. The reason was because it was so much cheaper to make new solar panels from raw materials than to recycle them, and would remain that way, given labor and energy costs.
My reporting was near-universally denounced. The most influential financial analyst of the solar industry called my article, “a fine example of ‘prove RE [renewable energy] is terrible by linking lots of reports which don’t actually support your point but do show that the RE industry in the West considers and documents its limited impacts extremely thoroughly.’” An energy analyst who is both pro-nuclear and pro-solar analyst agreed with her, saying “I looked into this waste issue in the past and concur with [her].”
The GuardianUG-3.6%said solar panel waste was a “somewhat ironic concern from [me], a proponent of nuclear power, which has a rather bigger toxic waste problem” adding that “broken panels… are relatively rare except perhaps in the wake of a natural disaster like a hurricane or earthquake.”
Conventional wisdom today holds that the world will quadruple the number of solar panels in the world over the next decade. “And that’s not even taking into consideration the further impact of possible new regulations and incentives launched by the green-friendly Biden administration,” Atasu, Wassenhove, and Duran write in HBR.
But the volume of solar panel waste will destroy the economics of solar even with the subsidies, they say. “By 2035,” write the three economists, “discarded panels would outweigh new units sold by 2.56 times. In turn, this would catapult the LCOE (levelized cost of energy, a measure of the overall cost of an energy-producing asset over its lifetime) to four times the current projection.”
The solar industry, and even supposedly neutral energy agencies, grossly underestimated how much waste solar panels would produce. The HBR authors, all of whom are business school professors, looked at the economics from the point of view of the customer, and past trends, and calculated that customers would replace panels far sooner than every 30 years, as the industry assumes.
“If early replacements occur as predicted by our statistical model,” they write, solar panels “can produce 50 times more waste in just four years than [International Renewable Energy Agency] IRENA anticipates.”
The HBR authors found that the price of panels, the amount solar panel owners are paid by the local electric company, and sunlight-to-electricity efficiency determined how quickly people replaced their panels.