“Austria’s continued reliance on Russian natural gas, which accounts for about 55 percent of the country’s overall consumption. Though that’s down from 80 percent at the beginning of 2022, Austria, in contrast to most other EU countries, remains dependent on Russia.
Confront an Austrian government official with this fact and you’ll be met with a lengthy whinge over how the country, one of the world’s richest, is struggling to cope with the economic crosswinds triggered by the war. That will be followed by a litany of examples of how a host of other EU countries is guilty of much more egregious behavior vis a vis Moscow.
The unspoken, if inevitable, conclusion: the real victim here is Austria.
The myth of Austrian victimhood has long been a leitmotif of the country’s bilious tabloids, which serve readers regular helpings of all the ways in which the outside world, especially Brussels and Washington, undermines them.”
“most Austrians only see the upsides to neutrality; yet that’s only because the West has refused to impose any costs on the country for freeriding.”
“Clean energy is rapidly rising on the Texas power grid, but regulators in the Lone Star State are now considering a plan that could give fossil fuels a boost.
The zero greenhouse gas emissions trio — wind, solar, and nuclear energy — provided more than 40 percent of electricity in the state in 2022. It was a year when several Texas cities experienced their hottest summers on record, driving electricity demand to its highest levels ever as fans and air conditioners switched on. Winter proved stressful too, with freezing temperatures last month pushing winter electricity peaks to record-high levels, narrowly avoiding outages.”
“Texas leads the US in oil and natural gas production, but it’s also number one in wind power. Solar production in the state has almost tripled in the past three years. Part of the reason is that Texas is particularly suited to renewable energy on its grid. Wind turbines and solar panels in Texas have a high degree of “complementarity,” so shortfalls in one source are often matched by increases in another, smoothing out power production and reducing the need for other generators to step in. That has eased the integration of intermittent energy sources on the grid.
Coal, meanwhile, has lost more than half of its share in Texas since 2006. For a long time and across much of the country, the story was that cheap natural gas from hydraulic fracturing was eating coal’s lunch on the power grid. Coal was also facing tougher environmental regulations like stricter limits on mercury, requiring coal power plants to upgrade their equipment, and raising electricity production costs.”
“in Texas, natural gas’s share of the electricity mix has been holding around 40 percent for more than a decade. On the other hand, renewable energy has surged as coal withered. Wind alone started beating out coal in 2019 and is now the second-largest source of electricity behind natural gas in the state.
An important factor is that the state has its own internal power grid, serving 26 million customers and meeting 90 percent of its electricity demand. It’s managed by the nonprofit Electric Reliability Council of Texas, or ERCOT. In the freewheeling Texas energy market, the cheapest sources of electricity become dominant, and wind and solar — with low construction costs, rapid build times, and zero fuel expenses — have emerged as winners.”
“Some lawmakers are now working to tilt the balance toward fossil fuels. “There are different political figures who are trying to incentivize gas power plants or deny, prohibit, or inhibit renewables,” Webber said.
Last year, the Texas legislature passed a law that would prevent the state’s retirement and investment funds from doing business with companies that “boycott” fossil fuels.
Texas Lt. Gov. Dan Patrick said one of his legislative priorities for this year is to secure more support for natural gas-fired generation. “We have to level the playing field so that we attract investment in natural gas plants,” Patrick said during a press conference last November. “We can’t leave here next spring unless we have a plan for more natural gas power.””
“While wind and solar power are ascendant, they are intermittent, and regulators want to make sure there is enough dispatchable power like natural gas to ramp up on still, cloudy days. The new proposal would create a credit scheme that would encourage more of these dispatchable plants to come online and extend a lifeline to some existing generators that are struggling to compete. But it would also raise the costs of electricity production.
Environmental groups like the Sierra Club noted that the proposal leaves the door open for other tactics for balancing electricity supply and demand, like energy storage, increasing energy efficiency, and demand response.”
“Sen. Joe Manchin on Tuesday railed against what he called “revenge politics,” as liberals in the House and Senate team up with Republicans to oppose his plan to speed permits for natural gas pipelines and other energy projects.
Manchin, a West Virginia Democrat who chairs the Senate Energy Committee, secured a commitment from President Joe Biden and Democratic leaders to include the permitting package in a stopgap government-funding bill in return for his support of a landmark law to curb climate change.
But in the weeks since Biden signed so-called Inflation Reduction Act last month, Democrats and environmental groups have lined up to oppose the permitting plan, calling it bad for the country and the climate. Climate hawks such as Vermont Sen. Bernie Sanders and Massachusetts Sen. Ed Markey, along with dozens of House members, say the permitting plan should be excluded from the must-pass spending bill.
Many Republicans agree. Wyoming Sen. John Barrasso, the top Republican on the Senate energy panel, called the permitting deal a “political payoff” to Manchin, whose vote on the climate bill was crucial to the law’s passage.
Manchin’s actions on the climate — including secret negotiations with Senate Majority Leader Chuck Schumer, D-N.Y. — “engendered a lot of bad blood” among Republicans, Sen. John Cornyn, R-Texas, told reporters. “There’s not a lot of sympathy on our side to provide Sen. Manchin a reward.”
At a news conference Tuesday, Manchin expressed bewilderment at such sentiment, saying he’s “never seen” such an example of “revenge politics,” with Sanders and the “extreme liberal left siding up with Republican leadership” to oppose his plan.
“It’s revenge towards one person — me,” Manchin said.
“I’m hearing that the Republican leadership is upset,” he added. “They’re not going to give a victory to Joe Manchin. Well, Joe Manchin is not looking for a victory.”
While legislative text of his permitting plan has not been made public, Manchin called the bill “a good piece of legislation that is extremely balanced” and does not “bypass any environmental review.″ Instead it would accelerate a timeframe that can take up to 10 years for a major project to win approval.”
“Global known reserves of natural gas would last nearly 50 years at current rates of consumption. Burning natural gas to generate electricity emits about half of the carbon dioxide that coal does. This is why many environmental activist groups a little more than a decade ago hailed natural gas as “the bridge to the clean energy future.”
In fact, the mostly market-driven switch from coal to natural gas to generate electricity in the U.S. has served as a bridge to a cleaner energy future. The replacement in the U.S. of coal-fired power plants by those fueled by natural gas is responsible for a 32 percent reduction since 2005 in carbon dioxide emissions from that sector. Overall, annual U.S. carbon dioxide emissions have fallen by around 23 percent since 2005. Despite the undeniable role that the switch from coal to natural gas has played in significantly reducing U.S. carbon dioxide emissions, many environmental activists now perplexingly denounce natural gas as a “bridge to nowhere.””
“What about nuclear power? The fact that splitting atoms to generate electricity produces no greenhouse gas emissions should be enough to establish nuclear power as a “climate-friendly” energy technology. Last week, the International Energy Agency released a report arguing that global nuclear power capacity needs to double from 413 gigawatts now to 812 gigawatts by 2050 in order to meet greenhouse gas emissions targets set in international agreements addressing the problem of man-made climate change. Meanwhile, in response to pressure from environmental activists, Germany is going in the opposite direction, shutting down perfectly good nuclear power plants while firing up electricity generation fueled by coal.
The ecomodernist Breakthrough Institute has just released a new study setting out various scenarios of how the development and deployment of advanced nuclear reactors in the U.S. could unfold over the next 30 years. In the optimistic scenario, U.S. nuclear power generation capacity would rise from 95 gigawatts from conventional nuclear plants today to as much as 470 gigawatts generated by advanced reactors in 2050. Expanding nuclear power production would both help smooth out the intermittency of wind and solar generation and further cut climate-warming greenhouse gas emissions.”
“Despite Western powers’ broad condemnation of and efforts to isolate Russia, the country has managed to maintain ties and partnerships elsewhere around the world. In April, the UN General Assembly voted on a resolution to suspend Russia from the Human Rights Council over its invasion of Ukraine. The resolution succeeded after it received a two-thirds majority of votes from member states with 93 nations voting in favor of Russia’s suspension from the body. But 24 of the body’s members voted against the action while 58 members abstained from the vote altogether.
Results of the UN vote signify the complexities of real-world diplomacy even in the face of war. Countries in Africa, South America, and Asia have increasingly sought to resist taking sides as the Russia-Ukraine war threatens to shape the world into political factions. But the West’s waning influence in other parts of the globe, combined with economic and political interests at stake, has resulted in many nations opting to maintain their independence when it comes to relations with Russia.
In Asia, where growing vigilance over China’s increasing influence is shared across borders, nations in the southeast and the south of the continent have expressed their intentions to remain on good terms with Russia in spite of the situation with Ukraine. Among Russia’s most loyal partners is India, with whom it has maintained a strong relationship since the Soviet Union’s backing of India during the 1971 war with Pakistan, even as India remained officially non-aligned during the Cold War.
Another factor behind their continued friendship is India’s reliance on Russia as a military arms supplier — from the 1950s to now the country has received an estimated 65 percent of firearms exports from the Soviet Union or Russia, according to the Stockholm International Peace Research Institute. India’s border disputes in the Himalayas with China, which triggered a bloody clash in 2020, is another motivating factor for India as Russia has functioned as an important mediator in the conflict with China.
China, another key Russian partner, has refrained from condemning Russia outright, instead asking for the warring countries to reach a peaceful resolution. In a March virtual meeting with France and Germany, President Xi Jinping called for “maximum restraint” on the issue and expressed concerns over the broader impact of sanctions on Russia. But some, like Herrera, doubt how far China will continue to toe the line if the situation worsens.
“China has not said they would not abide by the sanctions and they are so far going along with the sanctions against Russia,” Herrera said. A potential turning point, she said, could be Europe’s next sanctions, particularly any secondary sanctions it puts out, which will be “a big crossroads for China to decide whether to participate with those.”
But its ties with Russia could still end up serving China economically. President Vladimir Putin has stated Russia will “redirect” its energy exports to “rapidly growing markets” elsewhere to help buttress against sanctions, perhaps an effort to maintain support from its key ally.”
“Seismologists say that one of the state’s biggest industries is upsetting a delicate balance deep underground. They blame the oil and gas business — and particularly a technique called wastewater injection — for waking up ancient fault lines, turning a historically stable region into a shaky one, and opening the door to larger earthquakes that Texas might not be ready for.
The state is finally trying to change that. In December, the Texas Railroad Commission — the state agency that regulates oil and gas operations and no longer has anything to do with railroads — suspended wastewater injection at 33 sites across a region where more than half a million people live. This is a notable turnaround for the Railroad Commission, which until recently did not acknowledge a link between oil and gas operations and earthquakes, and might be a sign of just how serious the earthquakes have gotten.”
” Households across Japan are likely to get hit by massive electric bills this month, after the price of wholesale electricity there spiked from about 13 cents per kilowatt-hour in December to an unprecedented peak of more than $1 on Jan. 7. ”
“The spike was partially a pandemic-related anomaly. But it was also an ominous sign of things to come for Asian countries working to curb their carbon footprints.
The immediate cause of the spike was bad weather. Japan was hit by an unseasonable cold spell, sending electricity demand in some regions to 10-year highs as homes and businesses cranked up electric heating systems. That in turn caused a sudden shortage of natural gas, which provides 20% of the country’s power and is entirely imported in liquid form (LNG) on ships. Despite the demand, several of Japan’s biggest utilities were forced to roll back power plant production, as the price of gas more than quadrupled from the beginning of December, hitting levels 1,000% higher than the record lows seen during pandemic lockdowns in May. A similar story played out in China and South Korea, turning the gas crunch into a regional issue.
The timing couldn’t have been worse: LNG was already tight as export facilities in several of the countries that normally supply it to Asia—particularly Australia, Qatar, Malaysia, and Indonesia—had experienced an unusual cluster of concurring outages in the preceding months.”
“as more Asian economies put more of their eggs in the LNG basket, they become increasingly exposed to sudden wild price swings. Supply disruptions in LNG exporting countries appear likely to continue in the near future as the global economy recovers from the pandemic”
“Part of the solution, Tsafos said, is for the Asian LNG market to embrace more steady, long-term contracts rather than the on-demand purchases that are the norm today. Delivering gas by ship on demand, instead of by a fixed pipeline, allows buyers and sellers more flexibility in theory, but becomes a problem when too many buyers are clamoring for the same shipment. Asian countries also need a better network for managing the regional flow of LNG, and will have to continue investing in alternative clean energy systems, including renewables and grid-scale energy storage, he said.
“There’s no real point, if you’re aiming for decarbonization, to go for an expensive, volatile fuel like gas,” Robertson said. “You’re better off looking at alternatives, and that’s the conclusion a lot of these countries will come to.””