Zero Time

Net Zero is dead:

The New York State Climate Action Scoping Plan of 2022 called for 70% renewable electricity by 2030 and 100% by 2040. But 49.7% of the state’s electricity came from gas in 2024, up from 47.7% in 2023. A January executive order issued by President Trump halted federal leases for construction of offshore wind systems. New York, nine other east coast states, and California were counting on offshore wind in efforts to get to 100% renewable electricity, but new offshore wind projects are now halted. Wind and solar have benefited from federal tax credits, loans, and outright grants since 1992. But the Trump administration is now working to slash federal government support for these technologies. The One Big Beautiful Bill Act (OBBB) passed the House of Representatives on May 22. The bill eliminates Production Tax Credits and Investment Tax Credits for renewable systems that begin construction later than 60 days after passage of the bill or for projects that do not complete construction by year end 2028. The bill also halts the sale of tax credits from renewable projects. If the Senate passes the bill, these measures will choke off green energy projects that have relied on federal funding for decades. .... In December, the North American Electric Reliability Corporation concluded that that over half of North America risks power shortfalls in the next decade from surging demand and coal and gas plant retirements. Grid operators are now stepping back from the transition to wind and solar. Coal-fired power plant closures have been postponed in Georgia, Indiana, Illinois, Tennessee, Utah, West Virginia, and other states. Nuclear plants are being restarted in Michigan and Pennsylvania. But the big winner will be natural gas. More than 200 gas plants are planned or under construction. Gas facilities can be brought online in about three years, compared to ten years for nuclear plants. Gas plants can be built near cities, often on former power plant sites, and require fewer new transmission lines than needed by wind and solar systems. The latest trend is BYOP (bring your own power). AI firms are building their own gas plants to power data centers. Gas turbine manufacturer capacity is now sold out for years. The gas share of electricity production will rise from 43.6% of US consumption in 2024 to much higher levels. The AI power demand and the push for gas are destroying state plans for a transition to green electricity.

The Green revolution is over, and green lost...