“Coal’s decline was not caused by a federal plot to transition away from coal, like Trump thinks, but rather by markets and innovation. Advancements in renewable energy technologies—which were, and continue to be, supported by subsidies—made the energy source more attractive to investors. Breakthroughs in horizontal drilling in the early 2000s brought a flood of cheap and abundant natural gas to the market. These technologies priced coal out, which lowered energy bills for consumers and significantly reduced greenhouse gas emissions in the United States.
The energy source is also not as cost-effective as the executive order claims. Coal plants are expensive to build and operate, and transportation costs can exceed the price of coal at the mine. These economic factors have informed investors and utilities not to build coal-fired power plants—the most recent large plant was built in 2013—which has made the current fleet of these power plants less efficient than other energy sources.
To be sure, some regulatory barriers, including federal air quality standards and state-level bans, have made coal less competitive. However, “it is the market that explains coal’s decline better than regulations,” Philip Rossetti, an energy policy analyst at the R Street Institute, tells Reason.”
“Texas generates the most renewable energy in the nation. Three Republican bills being advanced by the state legislature could halt Texas’ green energy progress and give fossil fuels a leg up in the state’s energy market.
Senate Bill 388, which has passed the state Senate, would require at least 50 percent of power generation installed after January 1, 2026, to come from “dispatchable” energy sources, which include natural gas, nuclear power, and coal. This bill effectively subsidizes fossil fuel projects by requiring utility providers to purchase power generation credits from dispatchable energy sources.”
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“A report from Aurora Energy Research estimates that this bill would add $5.2 billion to Texas power prices over the next decade; residents could pay an extra $200 per year in energy costs.”
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“Using the “police power” of the state ignores what regulators and the market are saying: Texas needs every energy source to meet future demand. That includes renewables.”
“The big reason is that fossil fuel consumption is up. Oil and gas account for the bulk of this increase in emissions, with coal a distant third. While greenhouse gasses in the atmosphere are rising, their output is level or falling from some of the largest historical emitters. The European Union’s emissions are declining. US emissions are holding steady. China, the world’s largest greenhouse gas emitter, is on track to see its output grow by just 0.2 percent this year, one of the tiniest increases in years.
Bucking this trend are many developing countries like India, currently the world’s third-largest emitter. India has seen a huge increase in renewable energy deployment, but its still developing energy from all sources, including fossil fuels. The Global Carbon Budget found India’s fossil fuel emissions are on track to increase 4.6 percent this year.
There are a few additional factors that drove up emissions this year. The lingering effects of El Niño helped push global temperatures to record highs. Extraordinary heat waves in India and China pushed up energy demand for cooling, and that meant burning more fossil fuels. “We’re beginning to see some of those negative feedback loops where the climate crisis itself is impacting on the energy system and making it harder to reduce emissions,” Grant said.
Still, there are glimmers of good news. More than 30 countries have already managed to grow their economies while cutting carbon dioxide pollution, a clear sign that coal, oil, and natural gas are not the only paths to prosperity. These countries have already summited their emissions peaks and are now on the descent, breaking a pattern that has held for nearly two centuries.”
“There’s only so much the administration can control, however. Although Trump can take notable steps to try to increase fossil fuel production, actual upticks in oil and gas extraction will depend heavily on the private sector and the economics of the industry.
Still, while Trump faces some constraints, he has significant policy levers he can pull to encourage production of fossil fuels. Wright, Burgum, and Zeldin have also signaled they’re prepared to execute on the president-elect’s vision, including changes to drilling on public lands and speedier permitting for oil and gas projects.
“President Trump and his energy team — Mr. Burgum, Mr. Wright, Mr. Zeldin — can go to considerable lengths to make expanded production attractive and relatively easy,” Barry Rabe, a University of Michigan environmental policy professor, told Vox.”
“the pause is a limited one. It will only affect exports of LNG to countries with which the U.S. does not have a free trade agreement, and it does not prevent exports from the eight LNG export facilities already operating—though it will slow construction on several other export facilities, including one in Louisiana that would be America’s largest when finished. Even with the “pause” in place, the White House says America’s LNG exports are expected to double by the end of the decade, thanks to America’s booming natural gas industry and the energy needs of a world that’s getting wealthier.
While it is all a bit complicated, what the Biden administration announced last week amounts to an attempt to slow the growth of America’s natural gas exports—underpinned by the rationale that the slowdown will reduce global carbon emissions.
That’s a rationale based on some dubious assumptions. The climate activists who pushed the White House to consider the “pause” on new LNG export facilities point to an analysis released in November by former Environmental Protection Agency (EPA) policy advisor Jeremy Symons. Among other things, that report found that planned expansions of LNG exports in the U.S. would cause an increase in carbon emissions equal to the current level of emissions from the entire European Union.”
“Even if Symons’ report is right—indeed, an increase in natural gas exports seems likely to result in more global use of natural gas, even if he’s wrong about the scale of the increase—there’s a huge blind spot in that analysis. On his Slow Boring Substack, liberal blogger Matthew Yglesias points out that Symons “doesn’t even purport to estimate the net impact on emissions.”
In other words: How much would the increase in global natural gas consumption offset emissions from dirtier forms of fuel like coal and oil?
That’s the key question to ask. A significant reason why the United States has seen an overall decrease in carbon emissions in recent years is due to natural gas supplanting coal as the country’s top energy source.
The Biden administration is well aware of how exporting more natural gas could facilitate a similar transition in other parts of the world. When the Department of Energy signed off on a new LNG export facility in Corpus Christie, Texas, in March 2022, it concluded that “to the extent U.S. LNG exports are preferred over coal in LNG-importing nations, U.S. LNG exports are likely to reduce global [greenhouse gas] emissions on per unit of energy consumed basis for power production.””
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“this looks like a politically motivated maneuver aimed at garnering election-year praise from environmental activists on the left”
“There are two primary types of fossil fuel subsidies. Production subsidies offset the costs for companies involved in energy production. Consumption subsidies make the final product less expensive for consumers.”
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“Fuel subsidies lower the cost of energy and incentivize consumption: When the price of fuel is artificially lowered, more people will drive and fewer will turn to carpooling and other commuting alternatives. After all, there’s a reason that demand for electric cars surges whenever oil prices spike.”
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“A decade ago, a study published by the National Bureau of Economic Research estimated that ending all fossil fuel subsidies would decrease global consumption by 29 billion gallons annually.
Last year’s Glasgow Climate Pact was the first time an international climate agreement included a call to revoke subsidies. Even then, it came after significant opposition from developing countries such as India and China.
The IPCC report notes that ending subsidies can hurt “the most economically vulnerable.” But the IEA noted that “subsidies are rarely well-targeted to protect vulnerable groups and tend to benefit better-off segments of the population.” It recommends prioritizing “structural changes” over short-term relief, while the IPCC report argues that if you want to help poor people pay for transportation, it may make more sense to redistribute the revenue you saved by cutting the subsidies.”
“Permitting is the process for getting federal approval for energy projects, including oil and gas pipelines, which often undergo extensive review for their environmental impact. It can be a long and expensive process, and while Republicans and Democrats agree that the experience could be improved, they differ on what those reforms should entail.
Sen. Joe Manchin (D-WV), a chair of the Senate Energy and Natural Resources committee who has deep ties to the coal industry, has long taken issue with the current permitting process, arguing that it’s too convoluted. This summer, he struck a deal with Senate Majority Leader Chuck Schumer: In exchange for Manchin’s backing on the Inflation Reduction Act, Schumer guaranteed a vote on permitting reforms that would streamline approval of fossil fuel and renewable energy projects.”
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“In a letter sent to both Schumer and House Speaker Nancy Pelosi last week, House lawmakers argue Manchin’s reforms would make it easier to greenlight harmful oil and gas projects, and reduce constituents’ abilities to oppose such endeavors. Additionally, they claim that attaching the policies to a must-pass bill would force lawmakers to choose between “protecting … communities from further pollution or funding the government.””
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
“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.”
“Electricity prices tripled in many European countries this winter, including in Germany, as renewable power supplies faltered and Russia seized the opportunity to boost the price of its natural gas exports. So, of course, the German government thought this was a fine time to permanently shutter three perfectly good nuclear power plants.
The closures are part of Germany’s famous energy transition, widely known as the Energiewende, to a low-carbon, nuclear-free economy. Germany aims to reduce its greenhouse gas emissions to net zero by 2045 chiefly by switching entirely to renewable energy generation to supply electricity to residences, factories, and transport. That goal would be much more easily achieved if the country not only kept running its carbon-free nuclear power plants, but also built more of them.”
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“How will Germany make up for the power lost from shutting down the three nuclear power plants? A new analysis by the admittedly pro-nuclear Environmental Progress activist group argues that the expected addition of solar and wind capacity will not be sufficient to make up for the loss of the German nuclear plants. Consequently, the group observes, “Next year, the share of German electricity generation coming from fossil fuels could be as high as 44 percent, compared to 39 percent in 2021 and 37 percent in 2020.”
In contrast, French President Emmanuel Macron pledged in November that France will build more nuclear power plants. The new plants, he said, are meant “to guarantee France’s energy independence, to guarantee our country’s electricity supply and achieve our objectives, in particular carbon neutrality in 2050.””