Climate Change, Poverty, and How Governments WASTE Your Money

At the UN Climate Summit in Glasgow (COP26), President Biden is projecting the image of a climate trailblazer: “The United States is not only back at the table, but hopefully leading by the power of our example.”

Despite us constantly being told that solar and wind are now the cheapest forms of electricity, governments around the world needed to spend $1.8 trillion on the green transition last year.

Inadequate and poor-quality power supply means frequent interruptions, poor voltage levels, and dissatisfied consumers across much of the country. Adding up all the losses in the system—including the losses due to energy dissipated in conductors, transformers and other equipment, along with pilferage by those who bypass meters, and losses from failure to recover the amount billed to consumers—India’s total energy losses came to 24% in 2015-16, significantly more than international norms.