Archive for the ‘Subsidies’ Category

Sitka spruce forestry in Scotland


Another avoidable green fiasco in the name of climate obsession.
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Millions of pounds are being spent carpeting thousands of acres of land with conifers on the basis they will lock up CO2 from the atmosphere.

But a new report shows that many of the forests springing up around the country likely add to the risk of climate change, says the Sunday Post.

Vast tracts of peaty soil are being dug up and drained in order to plant trees, unleashing a torrent of stored carbon [dioxide] into the environment.

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Is it really the Inflation Acceleration Act? Subsidies to offset other subsidies don’t save anyone money. Climate groupthink strikes again.

PA Pundits International

Austin passes subsidies for gas power to counter wind-power subsidies that have destabilized the state electric grid.

We all remember the great Texas power outages a couple of years back, and Texans more than most. That doesn’t mean their elected representatives are learning the right lessons, as the editorial board of The Wall Street Journal notes.

What a mess. Renewable subsidies have distorted and destabilized the Texas electric grid, which resulted in a week-long power outage during the February 2021 freeze. To prevent more blackouts, Republicans in the Lone Star State now plan to subsidize gas power plants.

The Texas Senate last week passed putative energy reforms to “level the playing field,” as Lt. Gov. Dan Patrick put it. Texans will now spend tens of billions of dollars to bolster natural-gas plants that provide reliable power but can’t make money because of competition from…

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Subsidising net zero type so-called climate policies in the US is not only enormously expensive but globally disruptive as well, it seems. Climate protection becoming climate protectionism?
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Joe Biden’s flagship green energy policy risks plunging the world into the economic “dark ages”, Jeremy Hunt has warned.

The Chancellor urged world leaders not to put up trade barriers after the US President passed a $369bn package of subsidies to support climate and energy businesses, reports The Daily Telegraph.

Mr Biden’s Inflation Reduction Act has drawn an estimated $200bn in investment since it was passed last year, according to estimates from the Financial Times, and both the EU and Britain have been forced to draw up responses of their own.

It has sparked fears of a new era of protectionism, where economies are closely managed through tariffs and subsidies.

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Domestic Air Source Heat Pump [image credit: UK Alternative Energy]


A climate-obsessed government wasting money on a ‘wretched’ subsidised scheme while chasing self-imposed targets – heard it before?
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The government offered vouchers to help people pay to replace boilers with heat pumps but critics say most people can’t afford them “subsidised or not”, reports Sky News.

“It does not help people keep bills low. It takes from the poor to give to the wealthy and it is an embarrassment of a policy.”

The figures have cast doubt on the government’s target of 600,000 installations of heat pumps per year by 2028.

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Biomass on the move [image credit: Drax]


Latest from the strange world of so-called climate finance. Champion biomass burner’s share price drops when massive government handout not forthcoming.
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(Reuters) -Shares of British power generator Drax fell on Thursday after the government turned down its carbon-capture project for the country’s latest funding round for the technology, reports Reuters (via Yahoo News).

Drax hopes to build a 2 billion pound ($2.47 billion) CCS project alongside its 2.6 gigawatt biomass power plant in Yorkshire, northern England.

But to do this the company has said it would need clarity from the government on a funding model and has paused development of the project.

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The government talks about ‘investment’ in renewables. So-called cheap wind energy holds out the begging bowl again.
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Rising supply chain costs and other financial pressures are threatening the development of what could be the world’s largest offshore wind farm off the coast of Britain, says Energy Live News.

The Hornsea Three Offshore Wind Farm is expected to have a capacity of almost 3GW and generate [Talkshop comment – on a good day] enough energy to power three million homes.

Energy giant Orsted, which is behind the construction of the massive wind farm, has said it needs more government support to achieve project progress.

In a statement, Duncan Clark, Head of Orsted UK & Ireland, said: “Since the auction, there has been an extraordinary combination of increased interest rates and supply chain prices.

“Industry is doing everything it can to manage costs on these projects but there is a real and growing risk of them being put on hold or even handing back their CfDs.”

Mr Clark has called on the government to offer targeted support on investments such as tax breaks.

A government spokesperson told ELN: “The government is encouraging investment in renewable generation including through £30 billion to support the green industrial revolution…”

Full article here.


An interesting (?) concept from renewables promoters here, partly to boost ‘innovative’ (generally expensive) technologies. We’re supposed to believe that bigger subsidies, or ‘fiscal incentives’, will lead to lower bills.
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The energy sector is ramping up pressure on the government to bolster investment in green projects, with Renewable UK the latest to raise concerns the country could be overtaken by rivals such as the US and EU, reports City AM.

The industry body, which supports wind and tidal energy, has called on Downing Street to bring in fiscal incentives such as new capital allowances for renewable technology.

It also favours sustained supply chain investment in the UK to expand green jobs, and speeding up the planning process – with offshore wind developers waiting an average of five years for planning approval under current restrictions, and some projects taking up to a decade to secure a grid connection.

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It’s a dream if they think it makes any difference to anything other than the company balance sheet, except the ‘upto 10,000 jobs’ they claim it will create and support. Do we hear the sound of yet more subsidies going down the climate plughole?
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Bosses at Drax Power Station says they are waiting to hear whether the government will greenlight plans for a £2billion hi-tech scheme to capture carbon emitted from its biomass burners and pump it under the North Sea to be stored, reports yahoo!.

They say the scheme could potentially capture 95 per cent of the carbon emitted from the power station’s two biomass burners at Selby – removing eight million tonnes of carbon a year, and supporting up to 10,000 jobs.

Drax plant director Bruce Heppenstall said the power station had already run two pilot projects to test out the ‘Bioenergy with carbon capture and storage’ (BECCS) technology.

It was, he said, a ‘game changing technology’ that leading climate scientists at the UN’s IPCC said could play a critical role in addressing the climate crisis.

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Credit: TLP


Unreliable, ‘poor value for money’ electricity project bites the dust. For now, anyway.
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Plans for the £1.3bn Swansea Bay Tidal Lagoon have been dealt a blow by the Court of Appeal, which has ruled that work on the project did not commence within five years of receiving planning approval and therefore the development consent order (DCO) is no longer valid, says New Civil Engineer.

The project, put together by developer Tidal Lagoon (Swansea Bay), was to build the world’s first tidal lagoon power plant. This would span Swansea Bay to form a lagoon between the River Tawe and the River Neath.

The structure would have had 16 turbines producing a up to 320MW per day.

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Try to cover up the chronic energy policy mistakes made in the name of climate theories by doling out vast sums of borrowed money to the struggling customers. That’s the current UK approach. Why should anyone be content with putting the exchequer ever further in the mire to keep futile net zero dogma alive?
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Often I have referred to the situation that the UK, Germany, California, and others have set themselves up for as “hitting the green energy wall,” says Francis Menton (via Climate Change Dispatch).

But now that the UK has actually gotten there and has begun to deal with the consequences, I’m not sure that “hitting the wall” is the best analogy.

A better analogy might be “driving into the green energy cul-de-sac.” After all, when you hit a wall you can probably just pick yourself up and turn around and be on your way.

In the cul-de-sac, you are trapped with no evident way of getting out.

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Credit: klimatetochskogen.nu


An expensive exercise in futility. As noted below, ‘the scheme will be able to process 1.5 million tonnes of CO2 per year, then later between five and six million tonnes. But that is just a tiny fraction of annual carbon emissions across Europe.’ Even Greenpeace opposes it. It’s for show, not for any useful purpose.
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On the shores of an island off Norway’s North Sea coast, engineers are building a burial ground for unwanted greenhouse gas, reports Phys.org.

The future terminal is to pump tonnes of liquefied carbon dioxide captured from the top of factory chimneys across Europe into cavities deep below the seabed.

The project in the western municipality of Oygarden aims to prevent the gas from entering the atmosphere and contributing to global warming.

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Biomass on the move [image credit: Drax]


These allegations have been ongoing for years. ‘Renewable’ trees during a supposed climate emergency – how does that work? Maybe the end game is approaching, or more likely some fudge will emerge.
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A power station accused of “greenwashing” which is handed £2.4 million in government subsidies every day must justify its environmental claims, the OECD has said.

Drax’s claim that it generates “carbon neutral” electricity by burning wood is being examined over allegations that it misleads consumers in breach of guidelines set down by governments across the world, reports The Telegraph.

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Offshore wind farm [image credit: Wikipedia]


UK governments are legally forced to follow the Climate Change Act and even then they’re coming up short, according to a High Court verdict this week. How long can this climate-induced madness go on?
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A new analysis by Net Zero Watch reveals that Net Zero policies are already costing every household over £2,000 ($2,400) per year, says Climate Change Dispatch.

Spending programs and the Emissions Trading Scheme together cost around £300 ($360), while green levies – mostly subsidies to renewables – are adding another £350 ($420).

Renewable energy also imposes a range of indirect costs as businesses pass on their costs to consumers, which may add up to another £600 ($719).

Finally, there is a significant cost due to the constraints put on fossil fuel extraction in the UK.

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Our Boris misleading? Where have we heard that one before? The government likes to pretend ‘green’ subsidies are doing people a favour and somehow saving the climate, but they aren’t.
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Net Zero Watch has accused the Prime Minister of being economical with the truth about the cost of renewable energy levies.

Speaking during his visit to India, Mr Johnson rejected growing calls for scrapping green levies on energy bills, claiming that renewable energy “has helped to reduce bills”.

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Beep beep! Trouble ahead for mineral-hungry EV producers, especially in countries that don’t want mining on their soil.

PA Pundits International

By Larry Bell ~

Billboard size speed limit signs and flashing police radar scanning dashboard warnings be damned!

U.S. and European electric vehicle (EV) companies are racing to cash in on markets driven by dependence upon government subsidies which, in turn, rely on scarce and costly materials needed for batteries controlled by foreign adversaries.

Mining required for those EV batteries will soon dominate the world production of many critical minerals, and already accounts for about 40% and 25%, respectively, of all global lithium and cobalt.

Take nickel, for example, of which Russia produces about 7% of the global supply and 20% of the world’s class 1 (98% pure quality) used both for advanced electric vehicle batteries and stainless steel production.

In March, after prices soared 66% to more than $100,000 a metric ton, the London Metal Exchange suspended nickel trading after a three-month contract price more than doubled.

Prompted…

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Overcharged and overtaxed. UK energy customers are getting clobbered from all directions: the markets, the so-called climate levies, and taxes. The government is in disarray as its renewables-based policies force the pace of cost increases.
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Energy bills have soared as global wholesale prices have risen rapidly – but some Tory MPs and peers say they have increased more in the UK because of taxes the government has the power to remove.

Twenty Conservative politicians have urged Boris Johnson to scrap energy taxes as bills continue to rocket, reports Sky News.

The MPs and peers have written a letter in the Sunday Telegraph to ask the prime minister and Chancellor Rishi Sunak to help consumers facing “fuel poverty”.

Energy prices in the UK are being forced up faster than any other comparable country due to “taxation and environmental levies”, they wrote.

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Whitelee wind farm, Scotland [image credit: Bjmullan / Wikipedia]

Here’s the UK government’s latest shot at ‘net zero’ climate virtue signalling. Subsidised wind farms will help produce subsidised hydrogen to fuel subsidised hydrogen vehicles such as buses and bin lorries. This is obviously even more costly than just using the wind-sourced electricity itself to run vehicles, but gets round the battery weight problem for larger vehicles like buses and goods vehicles. But to scale up, the number of wind turbines needed is going to have to be far higher than now, to provide fuel as well as nationwide electricity. Is that even feasible, let alone affordable?
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A hydrogen storage plant will be built at the UK’s largest onshore windfarm near Glasgow, after the UK government approved a £9.4m grant, reports E&T News.

The Whitelee green hydrogen project will become the UK’s largest electrolyser, a system which converts water into hydrogen gas as a way to store energy.

Hydrogen is seen as a key replacement for fossil fuels in certain applications as the world moves towards decarbonisation.

It produces just heat and water as by-products when burned or used in fuel cells, making it a highly attractive alternative to fossil fuels in industry, power, shipping and transport.

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Artist’s impression [credit: ScottishPower Renewables]

Wind power sent from Scotland to the rest of the UK mainland receives heavy financial backing from all UK power consumers in the form of subsidies and constraint payments charged against bills. Such subsidies would presumably stop if Scotland left the UK.
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Scottish exports rose in 2019 by more than £3.5bn, buoyed by trade with the rest of the UK, new figures show.

Statistics published by the Scottish Government show exports of £35.1bn outside the UK, an increase of £1.1bn (3.4%) during that year, says insider.co.uk.

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Feldheim village near Berlin, Germany.

Subsidies drying up. Public resistance to wind turbines in the neighbourhood. Is the climate steamroller running out of puff in Germany?
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The German wind power industry is suffering setback after setback, says The GWPF.

Hardly any new turbines are being built, and more and more old wind turbines are being phased out. Now wind industry lobbyists are calling for new subsidies and construction rules to be relaxed.

In the Free State of Bavaria there is almost nothing going on when it comes to wind power.

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chinacoal

Coal-hungry China [image credit: democraticunderground.com]

Prosperity before flaky climate theories for Asia’s present and future industrial powerhouse economies. Once again we’re sold the myth of ‘cheaper renewables’, which always need subsidies — even for being turned off.
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Five Asian countries are responsible for 80 percent of new coal power stations planned worldwide, says Phys.org, with the projects threatening goals to fight the climate crisis, a report warned Wednesday.

China, India, Indonesia, Japan and Vietnam are planning to build more than 600 coal plants, think-tank Carbon Tracker said.

The stations will be able to generate a total of 300 gigawatts of energy—equivalent to around the entire electricity generating capacity of Japan.

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