IF THE climate (CO2) scam and subsequent insane fixes like “renewables” (unreliables) could be put into one paragraph, it would be this:
“The shift to renewables in Europe has thrown up different challenges for the region’s energy network operators, with the huge uptick in renewables-related investment into electricity networks posing execution risks, while the move to decarbonization casts doubt over the long-term use of natural gas and the networks that distribute it,” said Stefanie Voelz, vice-president Senior Credit Officer at Moody’s.”
I.e: “After we’ve finished polluting your mind with inane BS, we will admit fossil fuels (gas) are the only answer, for energy security, but they don’t sorta fit our pet CO2 catastrophe theory…”
FINISHED with this ball-tearer of a paragraph to drill home the fuel-poverty soaked reality of “unreliable” energy wind and solar….
“Moody’s says that affordability will remain a key focus for network operators, as cost pressures increase on consumers. It also finds that with investment requirements remaining high, leading to growth in companies’ asset base beyond 2020, pressure on customer bills will rise. “As renewable subsidies continue to weigh on bills, affordability concerns could lead to deferral of cost and investment recovery for networks, a credit negative,” said Voelz.”
By Paul Homewood
I do like contrasting headlines!
Bloomberg would of course like you to believe that “investment” is good. In fact much of it will be money wasted, as replacement for perfectly good existing power capacity.
Meanwhile, it takes the credit risk company, Moody’s, to inject a bit of realism:
Europe’s drive to decarbonize its energy “poses long-term risks to the region’s regulated electricity and gas network operators” according to a new report from credit and risk company Moody’s Investors Service.
And the study states that Europe’s continued transition to renewables, particularly wind and solar, is prompting new business models, developing technology and evolving regulation that could all “potentially undermine the credit quality over time” of those network operators.
“The shift to renewables in Europe has thrown up different challenges for the region’s energy network operators, with the huge uptick in renewables-related investment into electricity…
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In plain-speak language, Ezra Levant rips apart the greatest pseudoscientific, globalist scam ever perpetrated on mankind.
A must watch 14:49 mins…
No doubt, similar results would be revealed on studies of other ‘novelty’ energy sources – wind and solar.
Tesla Model S – this is the only way you’ll keep warm in one during winter.
Huge hopes tied to electric cars as the solution to automotive climate problem. But the electric car batteries are eco-villains in the production. Several tons of carbon dioxide has been placed, even before the batteries leave the factory.
IVL Swedish Environmental Research Institute was commissioned by the Swedish Transport Administration and the Swedish Energy Agency investigated litiumjonbatteriers climate impact from a life cycle perspective. There are batteries designed for electric vehicles included in the study. The two authors Lisbeth Dahllöf and Mia Romare has done a meta-study that is reviewed and compiled existing studies.
The report shows that the battery manufacturing leads to high emissions. For every kilowatt hour of storage capacity in the battery generated emissions of 150 to 200 kilos of carbon dioxide already in the factory. The researchers…
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“last three decades has shifted from a warming trend of 0.32 °C/decade during 1979–1997 to a cooling trend of − 0.47 °C/decade during 1999–2014.”
I was reading this article on the Larsen Ice Shelf rift.
I came to this paragraph:
“The team say they have no evidence to link the growth of this rift, and the eventual calving, to climate change. However, it is widely accepted that warming ocean and atmospheric temperatures have been a factor in earlier disintegrations of ice shelves elsewhere on the Antarctic Peninsula, most notably Larsen A (1995) and Larsen B (2002).
They point out that this is one of the fastest warming places on Earth, a feature which will certainly not have hindered the development of the rift in Larsen C.”
And suddenly I remember this article.
The Antarctic Peninsula (AP) is often described as a region with one of the largest warming trends on Earth since the 1950s, based on the temperature trend of 0.54 °C/decade during 1951–2011 recorded at Faraday/Vernadsky station. Accordingly, most works…
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