Energy economics

Suffering under stupid green taxes

Subsidies are evil, and doubly so when used to fund stupid green policies that further wreck the economy.

Right so they will attempt to cut household power bills by increasing the household’s tax bill…dumber than a sack of hammers.

Just ditch the dumb “green” schemes.

New taxes to pay for environmental schemes are being considered as part of a deal to cut household energy bills, it can be disclosed.

The taxpayer would foot the bill for two of the “green” schemes, all of which are currently paid for through a levy on gas and electricity bills.

The major energy suppliers have repeatedly told ministers the levies are pushing up household bills — for which they and the Government have been severely criticised.   Read more »

Green Energy push backfires on Europe as bills mount

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Europe is in big trouble and they only have themselves to blame for listening to the green taliban and their push for “green energy” projects that simply aren’t delivering and astonishingly expensive.

In the last four years, European electricity costs have spiked 17% for homeowners and 21% for industry, according to the Institute of Electrical and Electronics Engineers.

The situation is most acute in the UK, where one in six households was spending more than 10% of its income to “maintain adequate warmth” in 2011, according government statistics cited by Reuters’ John Kemp.    Read more »

No one bludges more than green energy projects

Just goes to show that these new green energy projects are nothing but corporate welfare writ large and they are nothing more than bludging ratbags.

Environmentalists frequently imply global warming is causing an increase in the frequency and intensity of weather events like Sandy. Yet, a 2011 Reason Foundation study found that the world’s death rate from extreme weather events was lower from 2000 to 2010 than it was been in any decade since 1900.

Deaths caused by extreme weather events peaked in the 1920s, when there were 241 deaths a year per million people in the world. But from 2000 to 2010 there were just 5.4 deaths a year per million people, a 98 percent decline in the weather-related death rate.

Furthermore, Dr. Indur M. Goklany, author of the Reason report and science policy analysts for the United States Department of the Interior, found “deaths and death rates from droughts” today are “99.9% lower than in the 1920s.”

Nevertheless, President Obama says we need to act now by promoting green energy and targeting “big oil” companies.   Read more »

Germans get bitten on the arse by green energy

Green energy isn’t free as the Germans are finding out.

It is an audacious undertaking with wide and deep support in Germany: shut down the nation’s nuclear power plants, wean the country from coal and promote a wholesale shift to renewable energy sources.

But the plan, backed by Chancellor Angela Merkel and opposition parties alike, is running into problems in execution that are forcing Germans to come face to face with the costs and complexities of sticking to their principles.

German families are being hit by rapidly increasing electricity rates, to the point where growing numbers of them can no longer afford to pay the bill. Businesses are more and more worried that their energy costs will put them at a disadvantage to competitors in nations with lower energy costs, and some energy-intensive industries have begun to shun the country because they fear steeper costs ahead.  Read more »

Poms looking forward to blackouts, thanks hippie scum

The Poms are looking forward to blackouts because the hippie scum that all pushed for renewable power supplies also pushed to have old plants shut down…which has led planners to work out that blackouts will become normal under the new “green energy” schemes in place.

Next time the British should look at renewable energy which is actually reliable like nuclear energy. Or how about energy efficiency?

Now they are looking at having to take the old power stations out of moth-balls to cope.

Mothballed power stations may have to be reopened to stop the lights going out, a minister warned yesterday.

Michael Fallon, the energy minister, insisted that there would be no blackouts or rationing in the UK as a result of a predicted reduction in spare energy generation capacity.

He told the BBC’s Sunday Politics programme that the nightmare scenario would be avoided because decommissioned power stations – presumably those fired by coal – were being reopened.   Read more »

Something to annoy the Green Taliban

Has American turned the corner economically?

Charles Morris thinks so in an interview with Economist, and his news won’t be nice reading for the Green Taliban.

But now, something has gone horribly wrong, has it not? 

Growth followed infrastructure and we’ve certainly let our infrastructure lapse, but America is now on the edge of a major energy-producing boom and it is right where the industry that drove growth in the 19th century was: the Midwest. We are now producing shale gas. The output, in terms of energy, will soon be as great as Saudi Arabia’s oil output is right now. In the 2020s all of North America will be energy independent and America will probably be a net exporter. We are seeing steel and chemical companies moving back from overseas. It’s going to be very interesting.

A new industrial revolution based on a similar model?

I think so. There are things we have to do to make sure it’s managed right. All the environmental stuff is eminently manageable. But modern economies flourish with good infrastructure. You impose a hobble on growth if you let it lag, and we’ve let it lag.

It’s not going to happen overnight but one reasonable forecast shows a million manufacturing-related jobs out of the gas boom by 2017. That’s $350 billion of economic activity driven by this, a 2% addition to annual GDP. I think there’s a good case for optimism.