Wrong. So wrong. Inflation in the US is around 3.5%, down from a high of 7%. Whether that’s attributable to the IRA is, of course, up for debate.
The rate of inflation has slowed, but the inflation is still rising https://www.bankrate.com/banking/federal-reserve/what-is-inflation/
And the elephant in the room is of course the way inflation is measured which excludes key things that affect people the most such as rent and gas prices since they're deemed too volatile. This gives a very skewed picture of what's actually happening with real inflation, as in the rise in cost of living that people are experiencing. (more on that later)
Regardless of fossil fuel production, actual CO2 equivalent is dropping and has been dropping for a long time.
This is largely a result of deindustrialization because US doesn't produce much of anything domestically with industry being only something like 11% of the economy. So, all this shows is how US increasingly outsources emissions for the goods consumed in US. And the oil that US exports is used to fuel those emissions.
EV infrastructure (mixed feelings on this, but its an improvement over ICE)
the improvement https://www.washingtonpost.com/climate-solutions/2024/03/28/ev-charging-stations-slow-rollout/
But recently, wage growth has been catching up, with the lowest wage workers getting the strongest growth. Inflation is slowly getting under control. But then too the stock market has been on a high. Will that burst at any moment? Hard to tell.
And now we can circle back to the reality of the rise in cost of living compared to wage growth:
It has everything to do with your original point that the tax law was rejected because it was a bad idea. What I've demonstrated for you is that the policies that have been implemented don't actually work any better than the rejected tax law in accomplishing their stated goals.
Wind capacity is at an all-time high. There was less wind than usual that year, so less electricity was generated.
very clearly showing there's no tangible increase in capacity, with it decreasing slightly in 2023
Show
Again, here's what we see in a country with a functioning government that's able to pass effective policies. World wind report shows that China's wind capacity is now more than the US, EU and UK combined. Meanwhile, the US installed less than 1/2 of what it did 2 years ago, and lowest level since 2014.
You're confusing capacity factor and capacity. Take a look at both graphs in that document, including the one that shows a steadily increasing capacity. It's the graph you apparently cut out of the above image, can't miss it!
I'm not confusing anything. I'm pointing out that the actual tangible change in electricity production is effectively non existent. The increase in overall capacity is not actually very large, and that's why the capacity factor is effectively flat. Again, compare the increase in capacity in US with the increase in capacity in China to see what actual progress looks like. It's incredible to me that you're incapable of accepting what's happening.
The increase in overall capacity is not actually very large, and that’s why the capacity factor is effectively flat.
Capacity and capacity factor are not connected. You could have one wind turbine or a thousand and they would tend to have a similar capacity factor, all else being equal. If you need another illustration of this, consider this table of China's stats, which includes the capacity factor. It stays steady at around 20% in a time period where capacity has increased by a factor of over 300.
You're right, but steady capacity factor with the total capacity doubling every year is a very different situation from what you see in US where it took a whole decade to double, you get that right?
The rate of inflation has slowed, but the inflation is still rising https://www.bankrate.com/banking/federal-reserve/what-is-inflation/
And the elephant in the room is of course the way inflation is measured which excludes key things that affect people the most such as rent and gas prices since they're deemed too volatile. This gives a very skewed picture of what's actually happening with real inflation, as in the rise in cost of living that people are experiencing. (more on that later)
This is largely a result of deindustrialization because US doesn't produce much of anything domestically with industry being only something like 11% of the economy. So, all this shows is how US increasingly outsources emissions for the goods consumed in US. And the oil that US exports is used to fuel those emissions.
the improvement https://www.washingtonpost.com/climate-solutions/2024/03/28/ev-charging-stations-slow-rollout/
false https://www.eia.gov/todayinenergy/detail.php?id=61943
And this is going to get a lot worse with Biden's tariffs on cheap solar panels and batteries from China.
🤨
Last I checked the pandemic was a global event, so why is China's economy growing at over 5% with people's savings hitting a record high?
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-bank-earnings-01-12-2024/card/chinese-household-savings-hit-another-record-high-xqyky00IsIe357rtJb4j
And now we can circle back to the reality of the rise in cost of living compared to wage growth:
I'm going to stop arguing since this has nothing to do with a wealth tax. That said, you should reread the source you gave:
Wind capacity is at an all-time high. There was less wind than usual that year, so less electricity was generated.
It has everything to do with your original point that the tax law was rejected because it was a bad idea. What I've demonstrated for you is that the policies that have been implemented don't actually work any better than the rejected tax law in accomplishing their stated goals.
very clearly showing there's no tangible increase in capacity, with it decreasing slightly in 2023
Again, here's what we see in a country with a functioning government that's able to pass effective policies. World wind report shows that China's wind capacity is now more than the US, EU and UK combined. Meanwhile, the US installed less than 1/2 of what it did 2 years ago, and lowest level since 2014.
https://gwec.net/wp-content/uploads/2024/04/GWR-2024_digital-version_final.pdf
You're confusing capacity factor and capacity. Take a look at both graphs in that document, including the one that shows a steadily increasing capacity. It's the graph you apparently cut out of the above image, can't miss it!
I'm not confusing anything. I'm pointing out that the actual tangible change in electricity production is effectively non existent. The increase in overall capacity is not actually very large, and that's why the capacity factor is effectively flat. Again, compare the increase in capacity in US with the increase in capacity in China to see what actual progress looks like. It's incredible to me that you're incapable of accepting what's happening.
Capacity and capacity factor are not connected. You could have one wind turbine or a thousand and they would tend to have a similar capacity factor, all else being equal. If you need another illustration of this, consider this table of China's stats, which includes the capacity factor. It stays steady at around 20% in a time period where capacity has increased by a factor of over 300.
You're right, but steady capacity factor with the total capacity doubling every year is a very different situation from what you see in US where it took a whole decade to double, you get that right?