"Turkey and South Korea are discussing the joint construction of a nuclear power plant, the latest of recent efforts by Ankara to diversify its energy sources.
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"Per capita fossil energy peaked after the twin oil shocks of the 1970s and never recovered.
The parallels with the 1970s oil shocks are striking. But so too is the difference. For the first time, there are scalable, cost-competitive alternatives.
The shock has jolted the electric age forward. But the response is a choice: lean into local, electric security, or reach back to the old fossil playbook."
https://ember-energy.org/latest-insights/the-new-twin-fossil-shock/
"Japan said on Wednesday it would establish a financial framework worth about $10 billion to help Asian countries procure energy resources and bolster their stockpiles as Middle East tensions drive prices higher and disrupt supply chains.
The support [is] aimed at preventing knock-on effects on Japan's own supply chains."
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@CelloMomOnCars
Can't fight reality.
https://mastodon.social/@bruno_j_navarro/116408455087195710This is good news!
"Together, renewables — including solar, wind, hydropower, and bioenergy — were the biggest source of U.S. electricity in March, according to data from the think tank Ember. Along with nuclear power, they supplied more than half of U.S. power."
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"Japan said on Wednesday it would establish a financial framework worth about $10 billion to help Asian countries procure energy resources and bolster their stockpiles as Middle East tensions drive prices higher and disrupt supply chains.
The support [is] aimed at preventing knock-on effects on Japan's own supply chains."
"The current increase in coal utilisation reflects its role as a “shock absorber” in India’s energy mix.
The central risk facing India today is not an immediate energy crisis, but long-term lock-in. Every new coal plant, gas pipeline, or LNG terminal represents a commitment to decades of fossil fuel use."
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"The current increase in coal utilisation reflects its role as a “shock absorber” in India’s energy mix.
The central risk facing India today is not an immediate energy crisis, but long-term lock-in. Every new coal plant, gas pipeline, or LNG terminal represents a commitment to decades of fossil fuel use."
IEEFA:
There is a stampede to build new fossil gas plants.
It is misguided."The price of new combined-cycle gas plants is roughly triple the cost of projects built in the early 2020s and orders placed now likely will not be fulfilled until 2030, or later."
Wind and solar, paired with dispatchable battery storage, are cheaper to build, and they have no fuel costs.
Cost to consumers will be stable, and lower.https://ieefa.org/resources/misguided-stampede-build-gas-power-plants
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IEEFA:
There is a stampede to build new fossil gas plants.
It is misguided."The price of new combined-cycle gas plants is roughly triple the cost of projects built in the early 2020s and orders placed now likely will not be fulfilled until 2030, or later."
Wind and solar, paired with dispatchable battery storage, are cheaper to build, and they have no fuel costs.
Cost to consumers will be stable, and lower.https://ieefa.org/resources/misguided-stampede-build-gas-power-plants
Demand destruction
"The IEA sees global oil demand falling by 80,000 barrels per day (bpd) this year, compared with a projected year-on-year rise of 640,000 bpd in its previous monthly report.
“Demand destruction will spread as scarcity and higher prices persist,” the IEA report said"
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Demand destruction
"The IEA sees global oil demand falling by 80,000 barrels per day (bpd) this year, compared with a projected year-on-year rise of 640,000 bpd in its previous monthly report.
“Demand destruction will spread as scarcity and higher prices persist,” the IEA report said"
"Opening up of parts of the public estate for renewable energy projects, including brownfield, industrial and railway sites, would potentially allow up to 10 gigawatts of new capacity, according to the government's plans.
It will overhaul planning and land-use rules to speed up grid connections and infrastructure upgrades, and aim to make it easier for renters and apartment dwellers to install EV chargers, solar panels and heat pumps."
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R relay@relay.publicsquare.global shared this topic
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Demand destruction
"The IEA sees global oil demand falling by 80,000 barrels per day (bpd) this year, compared with a projected year-on-year rise of 640,000 bpd in its previous monthly report.
“Demand destruction will spread as scarcity and higher prices persist,” the IEA report said"
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"Opening up of parts of the public estate for renewable energy projects, including brownfield, industrial and railway sites, would potentially allow up to 10 gigawatts of new capacity, according to the government's plans.
It will overhaul planning and land-use rules to speed up grid connections and infrastructure upgrades, and aim to make it easier for renters and apartment dwellers to install EV chargers, solar panels and heat pumps."
"The EU will cut electricity taxes and provide consumers with fresh incentives to ditch fuel-burning cars and boilers, the European Commission has announced, as the energy crisis from the Iran war speeds a shift to a clean economy.
The plan, which foresees tweaking rules so that electricity is taxed less than oil and gas, aims to bring down bills while encouraging the move away from polluting devices that prolong reliance on foreign fuels."
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"The EU will cut electricity taxes and provide consumers with fresh incentives to ditch fuel-burning cars and boilers, the European Commission has announced, as the energy crisis from the Iran war speeds a shift to a clean economy.
The plan, which foresees tweaking rules so that electricity is taxed less than oil and gas, aims to bring down bills while encouraging the move away from polluting devices that prolong reliance on foreign fuels."
Most Indian households cook with LPG, accounting for 85-90% of imported LPG that must go through the Strait of Hormuz.
Restaurants and hotels make up the rest of the LPG demand.There has been a run on induction cookstoves.
https://www.ft.com/content/4b9ab34a-191e-459d-90a8-ce148888ffed?syn-25a6b1a6=1
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"The EU will cut electricity taxes and provide consumers with fresh incentives to ditch fuel-burning cars and boilers, the European Commission has announced, as the energy crisis from the Iran war speeds a shift to a clean economy.
The plan, which foresees tweaking rules so that electricity is taxed less than oil and gas, aims to bring down bills while encouraging the move away from polluting devices that prolong reliance on foreign fuels."
"The EU will cut electricity taxes and provide consumers with fresh incentives to ditch fuel-burning cars and boilers".
meanwhile in the UK, we have:
"UK to appeal against tax ruling cutting VAT on public electric car chargers to 5%
HMRC confirms it will fight London tax tribunal’s finding that it has been overcharging for years under the law".
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Most Indian households cook with LPG, accounting for 85-90% of imported LPG that must go through the Strait of Hormuz.
Restaurants and hotels make up the rest of the LPG demand.There has been a run on induction cookstoves.
https://www.ft.com/content/4b9ab34a-191e-459d-90a8-ce148888ffed?syn-25a6b1a6=1
"The conflict between Iran and the United States and Israel is creating the worst energy crisis ever faced by the world, the head of the International Energy Agency (IEA) said on Tuesday.
"The crisis is already huge, if you combine the effects of the petrol crisis and the gas crisis with Russia," he added."
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"The conflict between Iran and the United States and Israel is creating the worst energy crisis ever faced by the world, the head of the International Energy Agency (IEA) said on Tuesday.
"The crisis is already huge, if you combine the effects of the petrol crisis and the gas crisis with Russia," he added."
"Demand for rooftop solar systems across Europe has surged since the start of the Iran war, as households rush to shield themselves from soaring power prices triggered by the worst global energy disruption in history."
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"Demand for rooftop solar systems across Europe has surged since the start of the Iran war, as households rush to shield themselves from soaring power prices triggered by the worst global energy disruption in history."
"Public servants working for the Tokyo metropolitan government are being encouraged to swap their suits for shorts this summer to combat sweltering heat and rising energy costs caused by the US-Israel war on Iran.
Inspired by the country’s Cool Biz energy-saving initiative, Tokyo officials hope the measure will cut dependence on air conditioning."
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"Public servants working for the Tokyo metropolitan government are being encouraged to swap their suits for shorts this summer to combat sweltering heat and rising energy costs caused by the US-Israel war on Iran.
Inspired by the country’s Cool Biz energy-saving initiative, Tokyo officials hope the measure will cut dependence on air conditioning."
"The European Commission has launched a strategy to protect people in the EU from “fossil-fuel price shocks” and accelerate the expansion of “homegrown clean energy”.
The proposals are meant to ensure the EU has enough fuel in the short term, to protect consumers from price rises and – in the longer term – to curb reliance on oil and gas.
Central to the commission’s strategy is a proposal to overhaul the EU’s taxation system so that it favours electricity over gas."
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"The European Commission has launched a strategy to protect people in the EU from “fossil-fuel price shocks” and accelerate the expansion of “homegrown clean energy”.
The proposals are meant to ensure the EU has enough fuel in the short term, to protect consumers from price rises and – in the longer term – to curb reliance on oil and gas.
Central to the commission’s strategy is a proposal to overhaul the EU’s taxation system so that it favours electricity over gas."
What all the stuff reported in this thread adds up to:
Demand destruction.
As Rebecca Solnit puts it:
"This is how the attack by one petro-state (ours) on another (Iran's) may be turning out to be very bad for petroleum, because the only thing history loves more than a surprise party is irony."
Truth, Consequences, Climate, and Demand Destruction
"This is how the attack by one petro-state (ours) on another (Iran's) may be turning out to be very bad for petroleum, because the only thing history loves more than a surprise party is irony." The Crisis The biggest news is always the climate news, and sometimes it's so big
Meditations in an Emergency (www.meditationsinanemergency.com)
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What all the stuff reported in this thread adds up to:
Demand destruction.
As Rebecca Solnit puts it:
"This is how the attack by one petro-state (ours) on another (Iran's) may be turning out to be very bad for petroleum, because the only thing history loves more than a surprise party is irony."
Truth, Consequences, Climate, and Demand Destruction
"This is how the attack by one petro-state (ours) on another (Iran's) may be turning out to be very bad for petroleum, because the only thing history loves more than a surprise party is irony." The Crisis The biggest news is always the climate news, and sometimes it's so big
Meditations in an Emergency (www.meditationsinanemergency.com)
Read the Solnit piece first, then the recap by Doctorow, with subtitles:
"As Solnit writes, Trump's stupid war follows on the heels of another unforgivable and cruel blunder: Putin's quagmire in Ukraine, which catapulted Europe into the Gretacene, with a wholesale, continent-wide shift away from fossil fuels to renewables and the devices they power. Now, the rest of the world is following suit."
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Read the Solnit piece first, then the recap by Doctorow, with subtitles:
"As Solnit writes, Trump's stupid war follows on the heels of another unforgivable and cruel blunder: Putin's quagmire in Ukraine, which catapulted Europe into the Gretacene, with a wholesale, continent-wide shift away from fossil fuels to renewables and the devices they power. Now, the rest of the world is following suit."
These nuggets!
"We dig up a lot of fossil fuels. The world consumes seventeen times more fossil fuels in a year than we will require to electrify the planet forever."
"In 2024, America saw its first all-solar powered solar panel recycling factory, which reclaimed 99% of the materials in a panel that was 20% efficient, and then used those materials to make two panels that were each 40% efficient."
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These nuggets!
"We dig up a lot of fossil fuels. The world consumes seventeen times more fossil fuels in a year than we will require to electrify the planet forever."
"In 2024, America saw its first all-solar powered solar panel recycling factory, which reclaimed 99% of the materials in a panel that was 20% efficient, and then used those materials to make two panels that were each 40% efficient."
Chokepoints
"The age of assuming someone else’s energy will always be available, at a price we can afford, through a route we don’t control, is over.
Solar and wind require no imports from unstable regions, no transit through chokepoints. Every energy minister on earth grasps this now in a way they did not nine weeks ago."
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These nuggets!
"We dig up a lot of fossil fuels. The world consumes seventeen times more fossil fuels in a year than we will require to electrify the planet forever."
"In 2024, America saw its first all-solar powered solar panel recycling factory, which reclaimed 99% of the materials in a panel that was 20% efficient, and then used those materials to make two panels that were each 40% efficient."
@CelloMomOnCars
Solar panels can't reach 40% efficiency...stay accurate guys or lose credibility -
@CelloMomOnCars
Solar panels can't reach 40% efficiency...stay accurate guys or lose credibility@PeterF @CelloMomOnCars
39.5% in real world conditions feels like close enough, even if it's inferior to the 47.6% top performance inside a lab: https://arxiv.org/abs/2203.15593
