The difficulty of getting any economic common sense into the heads of carbon dioxide obsessed leaders seems insurmountable at present.
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Economic disaster beckons without radical policy changes, says Net Zero Watch.
London, 27 September – Net Zero Watch has said that negative market reactions to the Government’s mini-budget show that domestic and international investors are highly sceptical about what appears to be half-baked policy proposals.
Investors can see that hardly anything is being done to address the underlying reasons for Britain’s economic and energy cost crisis.
Tax cuts in conjunction with astronomical and indeterminate handouts to energy suppliers announced by the Chancellor Kwasi Kwarteng last week have alarmed financiers because they shift the energy cost burden onto the UK’s debt mountain and future generations. As a result, the pound has crashed against the dollar and market reactions have been highly critical.
Net Zero Watch director, Dr Benny Peiser has warned that the country faces years of inflation and in all likelihood a major economic depression unless the government announces radical energy policy reforms:
The economy looks likely to tank and suffer for years to come because the Government refuses to abandon its suicidal Net Zero targets which are effectively preventing solutions to the catastrophic energy crisis.”
Full press release here.
Time the people realised that we ARE in a banana boat republic …. If covid was bad, ….
I get the feeling that western governments are frightened to do what’s vital. Is it because of the WEF infiltrators
@Stephen Richards
Yep totally.
The whole thing stinks, corrupt as a rotting Kipper, all of them
separation of church from state (again)
Politicians ain’t bright, unless it makes them money.
Germany’s intermittent renewables can’t solve its electricity problems.
Germany extends life of two nuclear power plants to stave off winter energy shortage
Wednesday 28 September 2022
https://news.sky.com/story/germany-extends-life-of-two-nuclear-power-plants-to-stave-off-winter-energy-shortage-12706758
Unintended consequences of government-enforced climate dogma…
No Equity in Calif. gas car ban: 45% of residents have avg incomes less than half of current EV owners – Forcing re-registering older cars thus more emissions
Re-registering those less fuel efficient, and bigger emission polluters, than state-of-the-art gas-powered newer vehicles that will be banned in the state will result in many of the current 31 million registered vehicles producing more emissions in the decades ahead and have California replacing CUBA as the vintage car capital of the world.
https://www.climatedepot.com/2022/09/21/no-equity-in-calif-gas-car-ban-45-of-residents-have-avg-incomes-less-than-half-of-current-ev-owners-forcing-re-registering-older-cars-thus-more-emissions/
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Unless someone comes up with an ultra-cheap no-frills EV?
EDF Plans To Extend Lifespan Of Two UK Nuclear Power Projects
By City A.M – Sep 29, 2022
EDF revealed yesterday it was hoping to extend the lifespan of its Hartlepool and Heysham I nuclear power stations beyond their current projected end dates of March 2024, having previously extending their lifespan on two separate occasions.
Collectively, the power plants generate 2.2 GW – enough to power to meet the energy needs of 3.5m households.
https://oilprice.com/Latest-Energy-News/World-News/EDF-Plans-To-Extend-Lifespan-Of-Two-UK-Nuclear-Power-Projects.html
Net Zero risks global instability & loss of key technologies, researchers warn
29th September 2022
The rush towards Net Zero risks global geopolitical instability, along with the loss of vital technological capabilities, according to a new analysis of the future requirements for rare metals.
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“Before proceeding to the endgame for Net Zero 2060 and beyond, there should be certainty that remediation of a perceived climate issue does not cause irreparable damage to irreplaceable global metal resources,” they say.
https://www.netzerowatch.com/net-zero-risks-global-stability-loss-of-key-technologies-researchers-warn/