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Europe’s plan to slash carbon emissions and reach net zero carbon by 2050 is seeing a backlash as the spiraling cost — both political and economic — needed for the transition is becoming clearer to Europeans. Wind and solar projects are now getting more scrutiny with Siemens indicating huge costs to fix operational problems. A new […]
In late February 2023, the price of carbon permits on the European Union’s carbon market hit 100 euros ($106.57) per metric ton – the amount of increased costs that factories and power plants must pay when they emit carbon dioxide. The benchmark EU Allowance (EUA) contract had hit a high of 101.25 euros per metric ton. EUAs […]
Net zero proponents, such as Net Zero America at Princeton University, believe the United States needs to build between 2x and 5x as much electricity transmission as we have today. The National Renewable Energy Laboratory estimates that to meet President Biden’s goal of a zero-carbon gird by 2035, the transmission capacity must increase up to […]
If the United States is to reach President Joe Biden’s 2050 net zero carbon economy goals, it will need to increase its electricity generation capacity by as much as 480 percent to comply with the Paris Climate Accord. According to a recent report, firm capacity should increase by 300 to 400 gigawatts from today’s level of […]
Politicians and environmentalists claim an urgent need to reduce greenhouse gas emissions, but in reality, world coal demand for power generation continues to increase and carbon dioxide emissions from the electric sector continue to grow. In 2021, those emissions were 5.9 percent higher than in 2020. Over half the growth in electricity demand in 2021 was generated […]
Has anyone told President Biden that fossil fuels made up 82 percent of the world’s energy and 79 percent of U.S. energy in 2021? Has anyone told him that Europe is using more coal because Russia is reducing its natural gas supplies to Europe? Has anyone told him that Europe’s energy crisis first started with low […]
Just in time for Christmas, the jolliest podcast hosts you know, Tom Pyle and Mike McKenna, unveil their inaugural holiday special. Links: Germany’s nuclear phaseout “is far more damaging than anything Africa is doing in terms of developing its natural gas.” Goodfellas Tommy get killed Scene Biden admin is extending the pause on federal student […]
On December 8, President Biden directed federal agencies to cut the government’s carbon dioxide emissions by 65 percent by 2030 with the goal of reaching net-zero emissions by 2050. Biden is directing federal car shoppers to buy only zero-emission passenger vehicles and light trucks by the end of fiscal year 2027, with 100 percent compliance by all vehicles […]