Seems like sanity has infected the EU Energy commissioner. A collection of news stories from Dr. Benny Peiser at The GWPF:
I strongly advise against more stringent climate targets after 2020. — Günther Oettinger, EU Energy Commissioner, Financial Times Deutschland, 5 October 2012
The EU Energy Commissioner Günther Oettinger fears the decline of Europe if energy prices continue to rise and competitiveness deteriorates further compared to the United States and other parts of the world. He wants to convince his colleagues in the European Commission to introduce an industrial policy objective instead of new climate targets. –Paul Ehrlich, Financial Times Deutschland, 5 October 2012
Britain faces an increasing risk of power blackouts and higher electricity bills in the next four years, power regulator Ofgem has warned in a report. An “unprecedented combination” of the eurozone crisis, tough EU environmental laws and the closure of ageing coal and oil-fired power stations, has increased “the risk to consumers’ energy supplies”, Ofgem said in its annual Electricity Capacity Assessment on Friday. —The Daily Telegraph, 5 October 2012
Natural gas remains “absolutely central” to efforts to curb U.K. emissions, Energy Secretary Ed Davey said. Gas plants that run more efficiently curb consumer bills and help the government meet low-carbon targets, Davey said today at the EON site in Kent, southern England. The government wants to ensure it secures enough gas as dependence on imports increases while removing “obstacles” for investors, he said. —Bloomberg, 5 October 2012
Deutsche Bank has suspended a handful of employees after it was criticised by a judge last year during a trial into tax evasion on carbon permits, a financial source familiar with the matter said on Thursday. In December, a German court sentenced six men to jail for participating in a conspiracy to evade around 300 million euros ($387 million) in value-added tax (VAT) on carbon permits between August 2009 and April 2010. —Reuters, 4 October 2012
Since 2007, the former Vice President has been preaching the benefits of putting your money where his mouth is: Alternative energy. But if Al Gore has any message for investors today, it might very well be this: “Stay the hell away from alternative energy!” –Bill Gunderson, The Street, 4 October 2012
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I’m guessing that’s not the Paul Ehrlich we all know and love.
Correction: the journalist’s name in the Financial Times link is Peter Ehrlich.
“I strongly advise against more stringent climate targets after 2020. — Günther Oettinger, EU Energy Commissioner, …”
More? Hey mr commissioner Öttinger, the only way to curb the downfall of the EU is to START a full repeal of all the ‘EU climate targets’ and in that process get real – however I think it’s too late already today.
History tells plenty of various ‘dynastices’ over time, all with same ‘record’: they’ve crashed and the main reason for that is, simply, that all fish rottens from head down… Go figure! 🙄
Brgds from Sweden
/TJ
I think Bill Gunderson (last article) missed the most hypocritical Gore investments. They can be found in Gore’s involvement with Jeffrey Skoll’s Capricorn Investment Group.
Skoll financed Gore’s Inconvenient Truth through his film company Participant Productions.
Some board members have interesting career histories.
Capricorn Investment Group invested $200 million in Truecar
Truecar sponsor most major (hydrocarbon fueled) motor-sport formats (with a feminine twist).
I love the smell of Chanel #5, gasoline and burning rubber in the morning. It’s almost enough to hide the stench of hypocrisy.
Would this statement by Herr Oettinger have anything to do with Germany building lots of new coal burning power plants?
Oh sweet revenge.
I’ve been tracking the downfall of First Solar for a while now. And Al Gore was stupid enough to believe his own drivel. Wonderful, just wonderful.
About Öttinger.
First I found him silly – he insisted on speaking English in Brussels even though his English was barely understandable.
But later he impressed me with his “roadmap” for energy in the EU – even though Germany was in full Fukushima panic mode, he had nuclear power as inevitable component of his plan, which lead to sweet howls of Greens in Germany.
Now he impresses me again. Not bad for an unelected Eurocrat. It’s a different question whether he can convince the others.
David Schofield says:
October 5, 2012 at 11:40 am
“Would this statement by Herr Oettinger have anything to do with Germany building lots of new coal burning power plants?”
Germany never had a problem with reaching the Kyoto targets as the Kyoto treaty was designed by the German Bundestag (parliament), and rather cunningly so. The shutdown of old industries in the DDR after 1990 created a surplus of credits. So we had so many carbon credits we were able to give some away to France and Poland in return for favors. And this also enables the expansion of lignite burning now.
Günther Oettinger was not elected by anyone. He’s an EU commissar (I use that term because that’s what the commissioners are called in German and it’s much more fitting.) He’s one of those in Brussels who want to take away everything we have. The EUSSR may paddle back about climate targets, but who ultimately cares? They found a much better way to enslave us all: “saving” the Euro.
While it’s nice he advises against more stringent climate targets after 2020, shouldn’t he be more worried about simply making it to 2020?
What a stupid energy politics the EU has it blows ones mind.
Instead of developing 3rd generation nuclear power plants to generate electricity and convert the coal they burn for energy to oil, replacing the oil imports with local production.
Wind is unstable, does not blow when one needs it. Same with solar. One does not even have the right to say: no thank you, I do not buy it.
The more resources are bound to feed such nonsense the less resources has the EU to solve real problems. What a waste.
The commissar dreams about climate targets for 2020?
Another factor as far as the UK is concerned is that many – recent straw polls suggest a large majority – of us want to get the hell out of the EU anyway, as more and more of us realise that we were conned into it in the 1970s on the basis of a lie. (The lie was that this was just an economic arrangement, not a political one, and it rings very hollow now.) If we had any control over the creatures running this country, we could simply ignore EU “environmental” legislation and tease a bit more life out of our older power stations while newer ones were built.
How we can do this isn’t obvious. Cameron isn’t going to derail the gravy train, and has passed a new law forcing a 5-year electoral cycle onto us, which makes it difficult to see how governments gone bad can be levered out. And when the Lisbon Treaty comes into force in November 2014 – before the next scheduled election – it will start the EU bulldozer on the task of replacing national governments in favour of EU federalism. Think on that. We have a government dedicated to removing our self-government.
Any advice on how the disarmed citizens of “the most surveilled country in the world” can wrest back control of their country gratefully received. We’re heading for “interesting times”, I fear.
Maybe off-topic, maybe not, but relevant news it is:
US Temperatures Have Been Falsely Adjusted According to the Level of Atmospheric Carbon Dioxide
The possibility of a Mitt Romney victory, has a lot of people reinforcing their flanks.
There is nothing so good as an economic crisis and a severe lack of money for focusing minds on reality. There is also no assurance that the EU will exist after 2020 either.
The European strategy with respect to UNFCCC was to use the Kyoto Protocol to drive up the energy costs of the United States and Canada relative to Europe. Since the early 1990s, Europe has been losing its competitive economic position re. China and Asia. Rather than deal with their high internal production costs, they adopted a strategy of trying to use carbon constraints to limit US energy advantages.
Oettinger’s statement is a straight forward admission that this strategy has failed. The US has not bought into Kyoto even with the Obama administration in office. Canada has publicly withdrawn from the Kyoto Protocol And it’s become evident that there is no international agreement in the works, particularly given the massive failures in Copenhagen and Durban.
Finally it should be noted that with the near-insolvencies of a number of EU nations, Europe is in no position to be saddling itself with additional high energy costs while the rest of the world blithely ignores the entire UNFCCC process.
What Oettinger is doing here is trying to halt a Brussels policy train wreck.
Old King Coal might be up for a comeback in the EU.
Bloomberg: “Coal Era Beckons for Europe as Carbon Giveaway Finishes”
“European utilities are poised to add more coal-fired power capacity than natural gas in the next four years, boosting emissions just as the era of free carbon permits ends.
Power producers from EON AG to RWE AG (RWE) will open six times more coal-burning plants than gas-fed units by 2015, UBS AG said in a Sept. 5 research note. Profits at coal-fired power stations may more than double by then, according to a Goldman Sachs Group Inc. report published on Sept. 13.”
““The economics for coal are near the best we’ve seen in five years,” Laurent Segalen, a director at ECMF, said yesterday in an interview from London. Buying UN credits for 2013, after they plunged almost 80 percent in the past year, is “an amazing bargain,” he said.”
It appears UK (us) missed the part in the debates where Mitt Romney loudly sloshed our tax money around, promising renewables and green energy, and much much more spending on the poor poor neglected public schools/UNIONS.
I can well imagine that sound of billions may be highly attractive to some voters, but alarmingly it went unperceived and unnoticed by many who tuned it out and somehow only heard “tax cuts.”
Either mandates and so-called renewables work, or they do not work. Romney is a Keynsian through and through. Point to the countries where renewables and green mandates have done anything but destroy production and consumers’ buying power.
harrydhuffman (@harrydhuffman) says:
October 5, 2012 at 1:19 pm
Maybe off-topic, maybe not, but relevant news it is:
US Temperatures Have Been Falsely Adjusted According to the Level of Atmospheric Carbon Dioxide
You also posit.
The Earth, indeed the entire solar system, was re-formed wholesale, in the millennia prior to the beginning of known human history; c. 15,000 BC marked the decisive event, when the Earth first began to orbit the Sun as it does today.
Harry mate,I hope i`m not the first to tell you, but you`re as mad as a box of frogs.(are you anything to do with peculiar surveys?)
Zeke says:
October 5, 2012 at 3:25 pm
=========
I think you are right, but how do “we” enforce the point that they work for us, without firing the whole lot, which is gonna happen again.
Why is nobody talking about the Senate ?
@cgh: You nailed it.
I’d say more, but not much to add to that. Maybe that a nice hard cold winter might further clarify some E.U. minds and help them decide to deal with thier Oil, Middle East dependency, and China problems without expecting to do it on the backs of Americans. (Yes, I’d like to see us bring our troups home and let the E.U. deal with their back yard…)
The goal, IMHO, was a unified EU / North America economic playing field. Won’t happen. Can’t use that to herd the rest of the world, either. China is collecting all the chips, and until that is addressed, the rest is a pipe dream.
Er, I think they sense their own mortality in contrast to blind teenager impetuousness up to this point.
So the question is whether history is repeating itself, and is Europe going to cover themselves with worthless windturbines, and then call the US Marines to come and get rid of them?!
Probably they could do it overnight too. (-: (-;
@uk (us) I like your thinking.
EM Smith, when you hear EU delegates openly discussing what the strategy is in the halls of the COP conference at The Hague in 2002, you know you’re hearing the real thing.
What terrifies the EU over the long term is simply this. The population density of the lower 48 states in the US is about 50/sq km. In the habitable part of Canada, it’s about 20. In the EU it’s about 500. What this means in terms of demographics over the next century is that the EU is done. It’s filled up. Whereas North America still has enormous room to expand. This means Nth Am and Asia grow enormously over time in global importance, whereas the EU dwindles in relevance. The only way to slow that down is to limit energy availability and consumption.
Hence, Kyoto.
Dirk H;
I think Oettinger is battling the intoxication of noble self-sacrifice swaddled in the illusion that the universe shares the politics of “fairness of outcome”. Facts quickly die of suffocation when they run into that impenetrable puffery.