Tuesday, August 19, 2014

From Benny Peiser's Global Warming Policy Foundation

Germany’s Green Energy Policy Beginning To Strangle Economy

End Of The Wirtschaftswunder? Germany's Sudden Slowdown

Editor's Note: Wirtschaftswunder means "economic miracle".  When I see all these green energy schemes coming to disaster - which should have been obvious to even casual observers - and watch the discomforture of all these arrogant European elites that looked down their self-righteous noses at those who predicted this - the German word that comes to mind is schadenfreude.  Let’s not fail to get this!  If green energy policies are a failure everywhere else in the world – why in the world would we expect them to be any different here?  The answer?  We shouldn’t!   RK

Chancellor Angela Merkel’s abrupt exit from nuclear energy after the Fukushima disaster in Japan and aggressive push into renewables has unnerved German industry. A recent overhaul of the country’s complex renewable energy law has done little to alleviate uncertainty over future policy or assuage fears about German energy competitiveness. “Energy intensive industries in particular have lost confidence in the future of Germany as a business location,” said Thomas Mayer, a former chief economist at Deutsche Bank. --Reuters, 16 August 2014

The Green Party has criticised Angela Merkel, the German Chancellor, for cancelling her attendance at the UN Climate Summit on 23 September in New York and accused her of giving preference to lobby interests. "Instead of fighting for global climate protection on the international stage, she rather goes to speak to the lobby group of German industry which is not known to be a haven of climate change activism," said the party's parliamentary deputy Oliver Krischer.--Die Welt, 15 August 2014

Indian Prime Minister Narendra Modi, leader of the world’s third-largest greenhouse gas-emitting nation, won’t join his U.S. and Chinese counterparts at a United Nations climate summit next month in New York. Modi will skip the Sept. 23 event, according to the Economic Times, thwarting a potential meeting between the heads of states for the three largest greenhouse gas emitters — arguably the nations that will drive international negotiations next year in Paris. Modi’s absence is a bit of a blow to the summit, as India hasn’t made the type of ambitious gestures that China and the U.S. have floated. --Zack Colman, Washington Examiner, 15 August 2014

According to a group of Norwegian researchers, the prospects for achieving an effective international climate treaty are poor. The measures that are politically feasible are ineffective and the measures that would be effective are politically infeasible. The world is actually further away from achieving an effective international climate agreement today than it was 15 years ago, when the Kyoto Protocol was adopted. Little basis for optimism exists. --The Research Council of Norway, 14 August 2014

The movement to push through a binding international climate change treaty has lost most of its momentum in recent years, having failed at conference after conference, summit after summit, to reach any sort of consensus about how the world ought to respond to the pervasive threats brought on by our warming world. The reason all this chatter is proving futile is that the developing and the developed world are engaged in a showdown. Attempting to reach a global agreement is the same as banging one’s head against the wall. The Global Climate Treaty movement wastes time and jet fuel, but sadly there’s no end to the charade in sight. --Walter Russell Mead, The American Interest, 13 August 2014

The chapter analysing the history of the industry in Spain is laugh-a-minute stuff, a tale of incompetent politicians and civil servants bumbling from one disaster to another and fraudulent investors cheating their way to a slice of public funds. We hear about the diesel generators generating "solar power" at night and that at one point the authorities estimated that half of new solar PV connections to the grid were fraudulent. You can see why the revolution led to disaster. I leave you with this apposite quote from the text: “Modern renewable energies, supposedly born to support a sustainable world, became one jewel of the most unsustainable of human activities, financial greed.” --Andrew Montford, Bishop Hill, 17 August 2014

In the run up to the general election, the mood music among political leaders seems to have become somewhat more cautious on shale development. At this stage in the political cycle, local opposition is bound to be at the forefront of politicians’ minds. But the public understands that shale development is a matter of national interest – recent polling suggests that 57 per cent are in support, while just 16 per cent oppose it. Shale could be a boon to our energy-intensive industries, creating jobs in the north of England, and increasing domestic gas production to keep wholesale prices down. Policymakers should keep these huge potential benefits in mind in the run-up to the general election. --Benny Peiser & Daniel Mahoney, City A.M. 15 August 2014

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