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Households Wince at the Rising Price of Going Green
- Bostonian 2y ago'Three-quarters of energy consumers say they have already done as much as they can to be sustainable, according to a survey of 100,000 people over 20 countries by the research arm of accounting firm Ernst & Young. The energy transition is falling “on the shoulders of the low- and mid-income-level people in a disproportionate way,” said Fatih Birol, chief of the Paris-based International Energy Agency, which is tasked with keeping governments on track to meet their climate targets. “The worst thing for the energy transition is that it is perceived as being done by and for the elites.” Households are getting hit with the ballooning costs of building or upgrading electrical grids and other critical infrastructure to support the energy transition. Electric rates under California utility PG&E have increased 127% in the past decade along with surging costs for wildfire prevention and grid upgrades. Nearly a quarter of the utility’s customers are now delinquent on their bills.' When 25% of people can't afford their electricity bills, you need to repeal the rules that make electricity so expensive, not add more.
- 1oooqooq 2y agoit only looks bad when your competitor can choose to buy non green energy. since nobody wants the end of the world the only solution is regulation with no exception. so the wjs is now suggesting woke communism.
- ZeroGravitas 2y agoThe very first example is preventing landlords from letting their tenants pay through the nose for heating and cooling over decades rather than implement basic efficiency upgrades. So when it comes to saving money it would appear you need to be a landlord or a fossil fuel producer for the WSJ to care.