• blazera@kbin.social
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    1 year ago

    Goldman Sachs expects higher-than-expected private investment in all green energy categories affected by the IRA, but sees the biggest gains in two areas: electric vehicle production and advanced manufacturing.

    Neither of these are green energy.

    • wheresmydanish@lemmy.world
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      1 year ago

      Electric vehicle production is green energy in the same way that renewable powerplant construction is green energy. Both enable the US to reduce its reliance on fossil fuels and move towards a more sustainable energy grid.

      • blazera@kbin.social
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        1 year ago

        Renewable powerplant produces renewable energy.

        An EV is better than gas cars but it still may be using fossil fuel energy

        • rusticus
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          1 year ago

          Your comments hurt our brains. Are you implying that shifting the method of powering transportation to renewables is a bad thing or no better than putting gasoline into an internal combustion engine?

          • blazera@kbin.social
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            1 year ago

            you’re getting hung up thinking EV automatically means renewable energy. investing in EV’s in no ways shifts the method of powering them. Investing in renewable energy does that.

            • Kage520@lemmy.world
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              1 year ago

              You’re technically correct on the surface. But people who get an EV are also probably more likely to get solar in their roof to charge that EV. I think your point though is that some states (I think Idaho?) power homes with fossil fuels, and buying an EV there will give the illusion of making a difference when it’s really about the same.

              I don’t think most states are as bad as that though.

              • blazera@kbin.social
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                1 year ago

                I think your point though is that some states (I think Idaho?) power homes with fossil fuels

                what? The US in general gets most of its electricity from fossil fuels by a huge margin.

            • rusticus
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              1 year ago

              So you’ve confirmed our worst suspicions about you. Good job.

                • rusticus
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                  1 year ago

                  lol. Weird hill to die on for you but whatever. Anyone with half a brain knows we have to transition to EVs so that renewables can power transportation. But I guess that concept is impossible for you to comprehend.

                  • blazera@kbin.social
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                    1 year ago

                    We dont have the renewables to power transportation. Theyre fossil fuel powered.

        • MrMakabar@slrpnk.net
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          1 year ago

          The term used is green energy effected areas. An EV can be run with green energy without any problem. A gas powered car can not. That is the key difference.

        • tetris11@kbin.social
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          1 year ago

          A guy who smokes 10 packs of cigarettes a day, and then switches 10 E-cigs is still harming himself with nicotine, and still paying money to those same Tobacco companies – but he’s no longer ingesting tar, and is slowly slowly weaning himself off the substance.

      • blazera@kbin.social
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        1 year ago

        Im not saying theyre green energy that dont deserve the title, im saying theyre literally not energy production. EVs are an energy use.

        • Zink@programming.dev
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          1 year ago

          You don’t think green energy use qualifies as a green energy “category” that one could invest in?

          • blazera@kbin.social
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            1 year ago

            it’s not green energy use. it’s just energy use. EV’s predominantly run on fossil fuel energy in the US.

            • Zink@programming.dev
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              1 year ago

              It’s the capability for green energy use, in a very energy-intense application. That possibility is not there with combustion engines.

              We cannot have a green energy economy unless all the usage endpoints consume clean energy rather than hydrocarbons.

              • blazera@kbin.social
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                1 year ago

                most things that use energy are capable of using green energy, you wouldnt call an investment in a coffee machine company a green energy investment. We need the green energy first.

                • Zink@programming.dev
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                  1 year ago

                  Anything that already runs on electricity isn’t really part of the discussion then, because there’s no need to change anything at the point of use.

                  A better analogy to the car thing might be investing in (or subsidizing) heat pump production over natural gas furnaces.

            • Kage520@lemmy.world
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              1 year ago

              True. EVs plus those crappy fossil fuels power plants though are still more efficient at using energy, and thus better environmentally, than ice cars. We really need more nuclear and renewables here though. It’s pretty bad and it doesn’t have to be.

            • hglman@lemmy.ml
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              1 year ago

              Everyone having a hard ime on this, EV are not green energy production, widhout green poweplants very little changes with more EVs.