In the battle to cut carbon emissions, we have one hand tied behind our backs because renewables are intermittent. Wind turbines cannot provide power on a still day, and solar panels don’t work when the sun isn’t shining. For this reason, a continuous baseload of power from coal, gas or …
Read More »Climate change is shifting the poles… but we are not sure why
The North Pole is moving closer to London along the Greenwich Meridian according to Shannon Hall in Scientific American: “The north pole is on the run. Although it can drift as much as 10 meters across a century, sometimes returning to near its origin, it has recently taken a sharp …
Read More »Energy volatility signals the death of the fossil fuel economy
We’ve all seen those Facebook posts about how this or that country just produced all of its energy from renewables. That has to be a good thing doesn’t it? Well, it turns out that, no, it is not a good thing after all. Why?, because having too much electricity is …
Read More »The clouds predict a climate catastrophe
The first quarter of 2016 has seen climate records smashed, with the northern hemisphere briefly tipping over the two degrees of warming danger level. Climate scientists have already warned us that polar and glacial ice is melting faster than IPCC models anticipated. The resulting sea level rise is now expected …
Read More »Ditching Hinkley C could save £40bn
The troubled EDF nuclear power station development at Hinkley Point in North Somerset is already set to be the most expensive building on earth; even before the builders inevitably fail to live up to the promise to provide it “on time and within budget”. But even if, by some miracle, …
Read More »Without cheap energy, Britain is finished
Liberty House Group chairman Sanjeev Gupta, the man currently being touted as the saviour of Britain’s steel industry has made energy prices a deal breaker for the future of the Port Talbot steelworks. Mr Gupta pointed out that UK energy prices are among the highest in the world; twice as …
Read More »Electric car sales are up… but don’t get too excited
UK car sales increased by 5.3 percent last month according to the Society of Motor Manufacturers and Traders, who were keen to highlight the increase in alternative fuel vehicles (AFV): “Demand for alternative fuel vehicles showed a notable increase of 21.5% in the month, as consumers continued to favour lower …
Read More »Janet Yellen’s six month tightrope walk
The Federal Reserve’s moderation in monetary tightening is crucial to sustaining fragile global economic growth in 2016 according to a panel of financial experts at the opening session of the Credit Suisse AIT conference in Hong Kong: “The US economy is improving, but not enough to withstand monetary tightening beyond …
Read More »Economists still clueless over low oil prices
Chris Giles at the Financial Times is the latest commentator to give voice to the question most economists simply cannot answer: ‘how come low oil prices failed to stimulate growth’: “None of this was supposed to happen. Economists had predicted with great confidence two effects from cheap oil. There would …
Read More »EU energy policy misses the mark
Recent proposals to reform EU energy markets miss the point according to energy expert Michael Hogan. The EU’s approach involves changes to the way the wholesale and consumer energy markets operate. But this misses the real problem: “The principal cause of the financial woes plaguing the power sector is not …
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