Tag: global warming
WHAT CAUSED THE 2021/2 INCREASE IN GAS PRICES?–Video Sources
How Much Of The Gasoline Price Surge Is President Biden’s Fault? Robert Rapier. 2022 3 13. Forbes. https://www.forbes.com/sites/rrapier/2022/03/13/how-much-of-the-gasoline-price-surge-is-president-bidens-fault/?sh=31618bce7c8b 4 reasons high gas prices aren’t Joe Biden’s fault—and one critical way he’s adding to the problem Will Daniel. 2022 6 8. Fortune. https://www.yahoo.com/video/4-reasons-high-gas-prices-090000545.html
Schumer, Manchin Strike Deal To Raise Taxes, Cut the Deficit, Spend Billions on Climate Change
“Senate Majority Leader Chuck Schumer (D–N.Y.) has reportedly brokered a deal with Sen. Joe Manchin (D–W.Va.) to pass a slimmed-down version of President Joe Biden’s spending plan—now to be marketed as an attempt to curb inflation.”
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“The bill will include $370 billion in new spending on climate change initiatives and green energy projects—a linchpin of Biden’s Build Back Better plan through its many, many interactions over the past year—and would dedicate about $300 billion of revenue toward reducing the deficit, which has been Manchin’s top priority.
The bill also reportedly includes a three-year extension of the expanded Affordable Care Act (ACA) subsidies originally passed as a temporary measure during the early days of the COVID-19 pandemic, as well as changes to how federal health insurance programs price prescription drugs. Though pitched as a way to cut costs for households, the extension of those ACA subsidies could actually worsen inflation, as Reason’s Peter Suderman has explained.
The spending and deficit-reduction items will be funded with a series of proposed tax increases. Politico reports that the bill would impose a 15 percent corporate minimum tax, expand the IRS’ enforcement division (a questionable means for generating revenue, it should be noted), and close a commonly used business tax break for carried interest. The tax changes would generate about $739 billion over the next decade, according to The Washington Post.”
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“For today, at least, Joe Manchin seems to have gotten his way.”
‘Green’ Germany Prepares To Fire Up the Coal Furnaces
“Somehow, Germany, a country where the government is firmly committed to “green” energy, is preparing to fire up coal-burning power plants. The move is even more remarkable given that officials stubbornly refuse to restart mothballed nuclear facilities, or even reconsider the timeline for retiring those that remain online. It’s an astonishing situation for a country that very recently boasted that it would soon satisfy all its energy needs with sunshine and cool summer breezes.”
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“Germany’s problems predate the war in Ukraine and are closely linked to the goals the country’s political class made about their energy future in the absence of a realistic plan for getting there. In 2011, after an earthquake and tsunami triggered a disaster at Japan’s Fukushima Daiichi Nuclear Power Plant, the German government recommitted itself to closing all of its nuclear plants and getting its electricity from solar and wind. The decision was motivated by public fears of nuclear power, but also by loud insistence that the energy source had no place in a sustainable future.”
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“But “nuclear power is very close to the same shade of green as that of most renewables” when you compare mining and manufacturing inputs to each approach, energy expert Gail H. Marcus wrote for Physics World in 2017. And nuclear is reliable—the sun doesn’t always shine, and the wind doesn’t always blow, which means electricity produced by those sources ebbs and flows. That’s a big problem for electrical grids that require steady supplies of energy.
“Large amounts of intermittent electricity create huge swings in supply which the grid has to be able to cope with,” Bloomberg reported in January 2021.”
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“Germany’s plight is disturbing testimony of where you can end up if you commit yourself to a vision of a “green” future that has no place in it for the most reliable source of clean-ish electricity. By contrast, neighboring France plans to build as many as 14 new nuclear reactors because of, not despite, its environmental goals. That attitude reflects energy analyst Marcus’s assessment and is shared by the inter-governmental International Energy Agency (IEA). “Long-term operation of the existing nuclear fleet and a near-doubling of the annual rate of capacity additions are required” to meet clean-energy goals by 2050, the organization specifies.
Visons of a cleaner future based on technologies that are more efficient and less polluting are praiseworthy and shared by just about everybody. But to get from here to there requires planning and realistic decisions. Unfortunately for the German people, most of their political leaders relied on strongly held wishes and pixie dust to bring a green utopia and are instead delivering literal lumps of coal.”
Why Joe Biden is invoking a war power to build heat pumps and solar panels
“the president plans to use the Defense Production Act to boost clean energy in the United States by putting a two-year freeze on tariffs for solar panels coming to the country from Southeast Asia and simultaneously scaling up the domestic production of clean energy technologies.
This is the latest in a series of moves that show the White House is beginning to treat climate change and clean energy as national security issues. It’s also the kind of thing climate activists have been asking the Biden administration to do for months. The executive actions could bring thousands of manufacturing jobs to the country while also making the US less dependent on foreign oil and gas, particularly as the war in Ukraine continues.”
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“Defense Production Act (DPA) authorization specifically targets solar technology, heat pumps, insulation, green hydrogen, and grid components like transformers. Those might not seem very similar to, say, repurposing automobile production lines to build tanks, but in the past few years we have seen the definition of national security shift to encompass more than just military spending. It now includes everything from the manufacture of equipment to treat Covid-19 to baby formula. Biden’s latest move sends a message that clean energy technologies are worth investing in because they are critical to the security of the country, and the government is willing to support their production even if the market would prefer cheaper imports.”
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“More than 230,000 people work in the American solar industry as of 2020, mostly in installation, and “the vast majority of those jobs depend on solar imports,” according to Stokes, who is also the senior policy counsel at the electrification nonprofit Rewiring America.
Hundreds of solar projects around the country had been put on hold in the last two months while developers waited to find out if they’d have to pay billions in tariffs. The newly announced freeze, however, should allow those projects to move forward immediately, while also giving American solar manufacturers time to ramp up production to meet the needs of future projects.”
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“the DPA authorization also includes funding to ramp up the production of four other technologies: green hydrogen technology, which can be used to store clean energy and clean up carbon-heavy industries; grid components like transformers, which will help build a more modern, resilient grid that can handle an influx of renewable energy; heat pumps, which use electricity to heat and cool homes more efficiently than fossil fuel-dependent systems like furnaces; and building insulation, which is an overlooked tool in fighting climate change, making homes more energy-efficient and keeping them heated and cooled for longer.”
Why investors suddenly care about saving the environment
“Here’s a big number: $44 trillion.
That’s how much of the world’s total economic output is dependent on animals and ecosystems, according to the World Economic Forum. Insects pollinate commercial crops, coral reefs protect coastal buildings, wetlands purify water, and all of those services — and more — help fuel economic growth.
If the economy is embedded in nature, then the global decline of wildlife and ecosystems is a risk for companies and investors alike. If insects vanish from farmland, say, farmers might have to pay to import pollinators or produce less, which hurts their bottom lines. That’s one reason why WEF ranks “biodiversity loss” as the third most severe risk to the economy over the next decade, after failure to act on climate change and extreme weather.”
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“Three-quarters of the world’s food crops (and a third of global crop production) depend to some extent on pollination from birds, bees, and many other insects and small animals. And some insect populations have fallen by more than 70 percent in just a few decades. In fact, there are farmers in California who already pay to import bees because there aren’t enough local pollinators. That could eat into investor returns.”
Biden moves to ease trade turmoil threatening his solar energy ambitions
“President Joe Biden won’t impose new tariffs on imports of solar power equipment for two years to help ease the fears that have slowed the growth in the renewable energy sector, and will invoke the Defense Production Act to spur domestic manufacturing of critical clean energy technologies, including solar panel parts.
The moves come as the solar energy industry has been roiled by a Commerce Department probe into whether companies in four Southeast Asian countries have circumvented the tariffs on Chinese shipments of solar equipment to the U.S. Those fears have slowed the development of large projects that are crucial to meeting the Biden administration’s goal of eliminating carbon emissions from the power sector by 2035.”
The air conditioning paradox
“The world is now 1.1 degrees Celsius — 2 degrees Fahrenheit — warmer on average than it was at the dawn of the Industrial Revolution. But baked into that seemingly small change in the average is a big increase in dangerous extreme temperatures. That’s made cooling, particularly air conditioning, vital for the survival of billions of people.”
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“These searing temperatures are just the latest in a pattern of increasingly hot weather. A heat wave that would have been a once-in-a-decade event in the 1800s is now hotter and happens nearly three times as often. Heat waves that used to occur once every 50 years are now nearly five times as frequent and reach higher temperatures. Heat records are broken so often they barely register as news. In its latest review of climate science, the Intergovernmental Panel on Climate Change said it is “virtually certain” that heat waves have become more frequent and intense across most land areas since the 1950s.
Extreme heat events are also occurring over a wider region of the globe, from the depths of the ocean to the icy reaches of the Arctic. Heat waves are now such devastating events with long-lasting wounds that some countries say they should be named like hurricanes.
But the most severe risks from high temperatures are in places like India and Pakistan, regions closer to the equator that are already hot and have dense, growing populations. They also have less wealth, so fewer can afford cooling when thermometers reach triple digits.”
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“The tactics for cooling can end up worsening the very problem they’re trying to solve if they draw on fossil fuels, or leak refrigerants that are potent heat-trapping gases. And the people who stand to experience the most extreme heat are often those least able to cool off.”
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“There are many ways to curb the climate impacts of ACs. “The answer lies first and foremost in improving the efficiency of air conditioners, which can quickly slow down the growth in cooling-related electricity demand,” wrote Fatih Birol, executive director of the IEA, in a 2018 report. With greater energy efficiency, air conditioners do more with less. Also, homes and businesses need better insulation and sealing to prevent waste.
Another method is to manufacture more air conditioners that don’t use HFCs or other heat-trapping gases. Many countries, including the US, are phasing out HFCs. The US Senate will soon vote to ratify the Kigali Amendment to the Montreal Protocol, an international treaty that commits to cutting HFCs 85 percent by 2050.
At the same time, there is going to be a massive market for sustainable cooling technologies. “There are billions of people that aspire to be wealthy, and as your income starts going up, you’re going to want to have access to cooling,” Kyte said.
The electricity that powers air conditioners needs to come from sources that don’t emit greenhouse gases, so dialing down coal, oil, and natural gas power on the grid and ramping up wind, solar, and nuclear energy is crucial.”
The Supreme Court just okayed Biden’s “social cost of carbon.” It’s still way too low.
“according to some top environmental economists, we have good reason to believe the true cost of emitting carbon is actually a lot higher than even a $51 price tag suggests.
There are a couple of reasons for that. First, until recently, the economists who calculated the SCC had barely factored in one of the biggest harms that climate change can cause: human mortality. Second, the way the SCC had been calculated rested on a problematic premise: that damage in the future counts for significantly less than damage in the present.”
Senate Committee Approves Climate Treaty
“Overall, the presence of these coolants in the atmosphere accounts for about 11 percent of the rise in global average temperatures attributed to man-made increases in greenhouse gases.
Negotiations for the Kigali Amendment phasing down the usage of these gases by 85 percent over the next 15 years were completed in 2016 in Rwanda, and it has, so far, been ratified by nearly 130 other countries.
Bipartisan comity over what is essentially a treaty addressing climate change has been largely achieved because American manufacturers are the leading developers and suppliers of replacement coolants with significantly lower GWPs.
“The business community applauds the Senate Foreign Relations Committee for its bipartisan vote approving the Kigali Amendment for consideration by the full Senate,” reads the joint industry press release. “This is an important step in ensuring the U.S. joins this global effort while accessing international markets that will grow American jobs. It is a win for the economy, the environment, and U.S. leadership.”
Ingesting the proverbial grain of salt, a 2018 industry analysis found that implementing the Kigali Amendment would slightly reduce U.S. consumer cooling costs. Since it is estimated that unabated HFCs would add 0.4 degrees C to projected man-made warming by 2100, ratification would be a relatively cheap way to address the problem of climate change.”