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Tim Watkins

Rain panels could close the baseload gap

Rain Panel

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 …

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The clouds predict a climate catastrophe

Lightning

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 …

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Ditching Hinkley C could save £40bn

Renewables

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, …

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Without cheap energy, Britain is finished

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 …

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Electric car sales are up… but don’t get too excited

Elf tricycle

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 …

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Janet Yellen’s six month tightrope walk

Tightrope

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 …

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Economists still clueless over low oil prices

Economics fail

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 …

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EU energy policy misses the mark

EU Energy Union

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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