Archive for the ‘Subsidies’ Category

Yet another climate conference?


It’s always alarm time in the climate alarm industry, obviously. This time it’s because the Paris agreement begging bowl is not filling up at anything like the required rate. The Green Climate Fund is in disarray and the US government has turned against the whole globe-trotting circus.

Time is running out to save the Paris Agreement, UN climate experts warned Tuesday at a key Bangkok meeting, as rich nations were accused of shirking their responsibility for environmental damage.

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Image credit: auto.ndtv.com


US Government efforts to bulldoze Americans into buying more electric cars seem to be over.

Driven by Green ideology, the Obama Administration set unrealistic fuel standards (a.k.a. “CAFE” rules) for cars sold in America, says CFACT.

Yesterday, the Trump Administration announced it is putting a freeze on their implementation before any serious damage is done.

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eu democracy

Talkshop readers may remember a damning report by UBS about the billions of public money lost in the ETS carbon trading system. It calculated that if the money had been invested in modernising the European power generation fleet, CO2 could have been cut by 40% (and generate a huge number of high quality jobs). EU emissions rose 1.8% last year.

Despite all the recent turmoil over the UK steel industry and meetings in Brussels today, the reality is that the European Union has actually been subsidising the Chinese steel industry for years, in payments hidden amongst its efforts to combat Climate Change.

Using complex methods of carbon credits and carbon offsets, the EU devised rules on climate change ended up paying Chinese steel manufacturers billions to upgrade their steel mills and other energy intensive industry.

According to the analysis company, European Insights, almost €1.5 billion was paid to over 90 steel plants in China with the purpose of modernising them to consume less energy, and making the plants more efficient. Taken with the downturn in Chinese trade and the need for them to reduce world market prices to sell their product, the output of these mills has flooded onto the European market making steel products artificially cheap and endangering thousands of jobs in the UK. One plant alone, Anshan Iron and Steel, received a payment of €150 million to help pay for the installation of up to date equipment and replace the old inefficient Communist era machinery.

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Irsching 4 gas power plant, Bavaria [image credit: E.ON]


Billed as ‘the world’s most eco-friendly fossil fuelled power plant’ when it opened in 2011, the owners say Irsching is not commercially viable due to the built-in advantages handed to part-time subsidised renewables. Meanwhile Germany continues building cheaper-to-run coal-fired power stations to help replace its nuclear fleet. A strange situation to be in.

German utility Uniper announced on Thursday that it had applied to extend the closure of its loss-making Irsching 4 and 5 gas-fired power generation plants with a capacity of 1400 MW for a third year beyond April 2019, reports PEI.

Uniper and the other owners of unit 5, N-Ergie, Mainova MNVG.DE and HSE, see no way to ensure the Bavarian plant’s commercial viability, it said in a statement.

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Hydro power lines in Ontario


Once again the high cost of so-called ‘green’ policies turns out to be politically embarrassing, and attempts to hide the true facts seem to have made things much worse.

As Ontarians head to the polls in June, voters have to make sense of two competing versions of their province’s bottom line: The Auditor-General’s and the Kathleen Wynne government’s, reports Toronto’s Globe and Mail.

Matthew McClearn investigates how creative accounting in hydro revenue made their math so different.

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Introduction

This post is concerned with the two main forms of UK Weather Dependent Renewable Energy in the UK, Wind Power, (Onshore and Offshore), and on grid Photovoltaic Solar Power.  In the UK these amount to ~75% of all installed Weather Dependent Renewable Energy.  The other Renewable energy inputs are traditional Hydro power ~8% and the remainder are other sources such as biomass, waste and landfill gas amounting to ~17%.

The capacity percentage, or load factor, of any power generating installation is calculated as the actual electrical output achieved annually divided by the nominal maximum Nameplate output.  This article uses the real measures of capacity reported in up to date time series data of UK Renewable installations.  It thus provides reasonably correct comparisons of the efficacy of Weather Dependent Renewables as is reported annually by the Renewable Energy Foundation in the UK.
 
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tesla-unfallBy Jim Collins

It is amazing to me that Tesla stock closed the penultimate day of February above $350 per share and today is struggling to hold $295 per share.  The volatility in TSLA shares has bitten the longs with a 15% decline in 19 trading days, and the bulls are struggling to make coherent arguments.  That points to the most pressing issue facing Tesla and its CEO Elon Musk: time.

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