Tag Archives: energy

Japan building coal power plants

” Japan Goes Into Reverse on Going Green
The country abandoned nuclear energy and is building coal plants that will spew as much CO2 as all the cars in the U.S.” click here

“Global energy-related CO2 emissions flattened in 2019”

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Source: IEA

Renewable energies lower income, increase risk of household poverty

Diogo Santos Pereira, António Cardoso Marques, José Alberto Fuinhas. Are renewables affecting income distribution and increasing the risk of household poverty? Energy, Volume 170, 1 March 2019, Pages 791-803 https://doi.org/10.1016/j.energy.2018.12.199

The worldwide electricity mix has become diversified, mainly through the exploitation of endogenous and green resources. However, doubt has been cast on the much-vaunted advantages of renewables due to some of their characteristics, such as availability, security and affordability. In fact, growth in the installed capacity of renewable energy has increased electricity prices, which raises the question of how households have withstood the cost of energy transition. The main aim of this study is to empirically assess and discuss: (i) whether different types of household have suffered dissimilar effects from the promotion of renewables; (ii) the consequences of promoting renewables on household income; and (iii) if the promotion of renewables has reduced the risk of poverty and social exclusion. A panel data of European countries has been analysed using Kao’s residual cointegration test, and an Autoregressive Distributed Lag approach, to assess the relationships. This paper proves that both income and risk of household poverty are directly linked with renewable energies, in both the short- and long-run. The energy transition to renewables has had negative consequences for households. Thus, the disadvantaged households should be helped to meet the increased cost arising from the energy transition.

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Solar power – A billion dollar Ponzi scheme

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President Trump speaks at the World Economic Forum

Global demand for fossil fuels is growing

“Unprecedented efforts to install renewable power capacity have only translated into meeting 2 per cent of global energy demand, meaning the world’s overwhelming reliance on fossil fuels shows no sign of abating.” click here

Affordable energy is essential for sustainable infrastructure

“A new report prepared by Kleinhenz & Associates for the Ohio Oil and Gas Energy Education Program shows increased oil and natural gas production from hydraulic fracturing  (“fracking”) has saved American consumers $1.1 trillion in the decade from 2008 to 2018. This breaks down to more than $900 in annual savings to each American family, or $9,000 in cumulative savings.” click here