It is interesting that this piece comes from a Goldman Sachs analyst. The big Wall Street investment banks have been under immense pressure to defund fossil fuel companies, which is just stupid from an energy policy and an investment perspective. Certainly everyone, including Goldman, has lined up at the government trough to swill down renewable energy subsidies, of which there have been trillions in the US alone. Rich people make a fortune on these subsidies, our energy gets more expensive and less reliable and new environmental harms are caused and exacerbated, like bird-killing windmills and all the hazardous waste from solar energy production. An emerging body of research also suggests that renewable energy production may itself affect the weather, and potentially climate, in untoward ways.
The essence of the Goldman analyst comments is that we have spent (wasted to normal people, investment for whacko progressives) $3.8 trillion on renewable energy and managed to move fossil fuels from 82% to 81% of all energy production. For $3.8 trillion we could have build enough nuclear reactors to power the whole country or world multiple times over. But reason never prevails, so we will keep making a few rich Dems richer with renewable energy subsidies. (GS Article)