Category: Y2Kyoto

The Return of Coal

Y2Kyoto 15 Comments

Watts Up With That- Coal Consumption Hit a Record 8 billion tons in 2022

Global coal use is set to rise by 1.2% in 2022, surpassing 8 billion tonnes in a single year for the first time and eclipsing the previous record set in 2013, according to Coal 2022, the IEA’s latest annual market report on the sector. Based on current market trends, the report forecasts that coal consumption will then remain flat at that level through 2025 as declines in mature markets are offset by continued robust demand in emerging Asian economies. This means coal will continue to be the global energy system’s largest single source of carbon dioxide emissions by far.

Y2Kyoto: To The End

Democrats Y2Kyoto 44 Comments

Fox News;

New York Democratic Rep. Alexandria Ocasio-Cortez’s new climate change documentary debuted in movie theaters over the weekend, generating an abysmal $80 per theater.

The new film, “To the End,” was filmed over four years and follows four young women, Cortez, activist Varshini Prakash, climate policy writer Rhiana Gunn-Wright and political strategist Alexandra Rojas, as they attempt to pass sweeping climate change legislation in Congress.

The film currently boasts an 88% “fresh” critic score on Rotten Tomatoes and does not yet have an audience score.

Y2Kyoto: Net Zeroed

Climate Cult Cronies Y2Kyoto 22 Comments

Bloomberg: Vanguard Quits Net-Zero Group, Marking Biggest Defection Yet

Vanguard Group Inc. is walking out of the world’s largest climate-finance alliance, marking the coalition’s biggest defection to date as US Republicans step up their threats against firms deemed hostile toward the fossil-fuel industry. 

Vanguard’s decision followed a “considerable period of review,” according to a company statement Wednesday. Withdrawing from the Net Zero Asset Managers initiative, which is a sub-unit of the Glasgow Financial Alliance for Net Zero, “will help provide the clarity our investors desire” about everything from the role of index funds, to financial risks in the context of climate change, the firm said.

Creepy Mark Carney, chief architect of GFANZ “said earlier this year the alliance has enjoyed considerable growth…”

Related, via Steve Milloy – Britain approves first new coal mine — to operate for 50 years. “The mine seeks to be net zero in its operations.”🙄 So 50 years of lying coming up.

Y2Kyoto: 10% For The Big Guy

Claws of the Panda CreepyJoeBiden Democrats Y2Kyoto 6 Comments

Via American Thinker;

President Joe Biden’s Department of Energy is touting a grant to a lithium battery company as a move that would help herald the shift to green energy and ensure the United States is cultivating domestic sources of energy. It did not say, however, that the Texas company receiving the grant operates primarily from China and is under scrutiny from American financial regulators.

The DOE announced in October that it would give the $200 million award to Microvast Holdings to build a battery separator facility in Tennessee, using funding from the Bipartisan Infrastructure Law. At the time, Energy Secretary Jennifer Granholm said the grant would “supercharge the private sector to ensure our clean energy future is American-made.”

Y2Kyoto: Schadenfrozen

Alternative Subsidy Y2Kyoto 26 Comments

VW warns soaring EU energy costs render battery plants unviable;

Investment in German and EU industrial projects such as battery-cell factories will be unfeasible if the region’s policy makers fail to control ballooning energy prices in the long-term, the head of Volkswagen Group’s namesake brand, Thomas Schäfer, said.

“Unless we manage to reduce energy prices in Germany and Europe quickly and reliably, investments in energy-intensive production or new battery cell factories in Germany and the EU will be practically unviable,” VW Schaefer wrote Monday on LinkedIn.

“The value creation in this area will take place elsewhere.”

VW plans to have six battery factories in full operation across Europe by 2030 under its battery company PowerCo, which broke ground on its lead plant in Germany in July of this year and signed a 3 billion euro ($3.1 billion) joint venture with Umicore in September for cathode material production.

An outline for industrial-policy cooperation hatched by the French and German economy ministers last week “falls short in crucial areas and does not address the envisaged priorities,” Schaefer said.

Hope And Pray They Have Enough Solar Panels To Keep Everyone Alive

Y2Kyoto 32 Comments

Seriously, it looks like no fun at all for our readers in the snow zone. Take it easy shoveling out there.

Y2Kyoto: Schadenfrozen

Climate Cult War On Meat Y2Kyoto 14 Comments

“Germany is now the largest meat importer in Europe;

While Green politicians have condemned meat eating, the social reality is different, with nearly the entire German population eating meat on a regular basis. However, agricultural and green policies are stifling German meat production, making Germany wholly dependent on meat from foreign countries; this is creating a new dependence similar to Germany’s reliance on Russian gas, which turned out to be a catastrophic mistake.

Let them eat lettuce.

Y2Kyoto: Pharaoh Way Places

Y2Kyoto 16 Comments

FOUR HUNDRED private jets arrived in Egypt for COP27;

‘More than 400 private jets landed in the past few days in Egypt,’ a source close to the Egyptian aviation authorities, who asked not to be named, told AFP on Thursday.

‘There was a meeting ahead of COP27, and officials were expecting those jets and made some arrangements in Sharm el-Sheikh airport to welcome those planes.’

On November 6, Ahmed Moussa, a talk-show host close to the Egyptian leadership, boasted on air that ‘Sharm el-Sheikh’s airport welcomed more than 300 private jets. The airport was renovated with more corridors in order to welcome the guests of COP27.’

Not so “cheap” anymore

It's Probably Nothing Y2Kyoto 17 Comments

It was only a matter of time until a government began instituting taxes on EVs to fund road upkeep and repairs. As data on the fire risk of EVs accumulates, expect the insurance industry to take notice as well.

Owners of most petrol and diesel cars pay £165 a year in road tax and continuing the VED exemption for the growing fleet of electric vehicles could cost the exchequer around £1bn a year by the middle of the decade.

Although the sums involved are not huge at this stage, the introduction of road tax on EVs is seen by Treasury insiders as evidence of a “direction of travel”, with more taxes likely to be levied on them in years to come.

Y2Kyoto: What’s The Chinese Word For “Never”?

Alternative Subsidy Y2Kyoto 16 Comments

Bloomberg;

In a two-hour speech to kick off the week long Communist Party Congress, Xi said that prudence would govern China’s efforts to peak and eventually zero out carbon emissions. The cautious wording comes after a spate of high-profile power shortages in recent years, and as global energy costs have soared after Russia’s invasion of Ukraine upended trade flows.

Xi’s speech made China’s path to decarbonization clear: It won’t stop burning fossil fuels until it’s confident that clean energy can reliably replace them. The speech shows more emphasis on energy security and the significant role of coal in China’s energy supply given the resources endowment, said Qin Yan, lead analyst with Refinitiv. […]

China is the world’s largest emitter of greenhouse gases, and Xi electrified climate activists two years ago when he vowed to reach carbon neutrality by 2060 after peaking emissions before 2030. The announcement sparked a massive surge in investment in clean energy by local governments and state-owned firms.

But last year focus began to return to China’s mainstay fuel of coal after a shortage triggered widespread power curtailments to factories, slowing economic growth.

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