With the
economic damage
from COVID-19
mounting up,
blind pursuit of the
EU green agenda
is unaffordable.
This recession,
like every other
in recent decades,
will see a recovery
based on cheap
supplies of
fossil fuels.
The bottom line is that
wind and solar power
only supply 3% of the
world’s energy.
And there is no evidence
that modern economies
can compete with Asia
if they use a high
percentage of
expensive, intermittent
renewable energy.
Every big recession
over the last 40 years
has been a blow for
green energy spending
wanted by the climate
change cult.
Renewable start-ups
often went bankrupt –
although their
technologies
survived.
Enough people have
warned/predicted that
a virus scare
would be used
as the pretext for a
(authoritarian socialist)
revolution in global
economics and
governance.
Repeating the
false mantra
that green energy
is cheap,
and a climate
disaster looms,
the 'greens'
have convinced
a lot of people that
they are saving us
from the nasty
“deniers” and
oil tycoons.
Electric cars pose challenges
for the electric grid, for which
there are only expensive
infrastructure building
solutions.
There is also a dangerous
reliance on China for
batteries and materials.
Nothing has changed
since the Paris Agreement
China, India and the rest
of the developing world
have no interest in ditching
their fossil fuel powered
economies.
Even the German industry
federation (BDI) never liked
the Europe’s Green Deal.
The BDI claims that the
adjustments needed to comply
with cuts of 50% to 55%
in greenhouse emissions
by 2030 ( compared to 1990 )
are unachievable and must be
reviewed urgently in light of
COVID-19 “changes to
economic circumstances".
An interesting point is that
it is not just the developing
world who are ignoring
the Paris agreement:
There is also Japan,
and the USA, which has
so much natural gas
that we are exporting coal.
The Paris Agreement
Article 4.1 specifically
excludes developing
countries from
any obligation
to reduce their
CO2 emissions.
This is unchanged
from the United Nations
Framework Convention
on Climate Change Treaty
that came into force
in March 1994.
With >80% of the
global population,
and >60% of
global CO2 emissions
and about 100% of the
CO2 emissions increase
since 1990,
excluding the
developing nations
makes maintaining
CO2 emissions
at current levels
difficult.
In the end, politicians
like getting reelected.
It will be tougher
to get reelected
with 10% to 15%
unemployment,
with tax increases
to fund more
'green' energy
projects, and
and the resulting
higher energy prices.
'Going green' is a luxury
– nations can only afford it
during good times.