Straight from the capitalist horse’s mouth

You could not have a better authority on capitalism.

On why the free market won’t develop new forms of energy fast enough:
Well, there’s no fortune to be made. Even if you have a new energy source that costs the same as today’s and emits no CO2, it will be uncertain compared with what’s tried-and-true and already operating at unbelievable scale and has gotten through all the regulatory problems, like “Okay, what do you do with coal ash?” and “How do you guarantee something is safe?” Without a substantial carbon tax, there’s no incentive for innovators or plant buyers to switch.

Since World War II, U.S.-government R&D has defined the state of the art in almost every area.

I’m optimistic about climate change because of innovation.

‘We Need an Energy Miracle’


I never quite liked the word renewables so I hope to start the change to a new word. I know nothing is eternal but solar is as near as it gets for us humans.

The Tories are trying to kill off our renewable energy boom

I find a lot of ill-thought comment on articles on solar & wind power and their costs. I often add comment to that. So to comments on this article by Ed Davey I had to add –

I note that people are complaining that renewables are the cause of high energy costs. One way to reduce personal energy costs for a while would be to get a wood-burning stove and start burning the doors and floorboards of one’s home. The effects of this are so clear that people will not do it, yet burning fossil fuels is an equivalent for our environment. Renewables are not being pushed by some fashion but because there is a huge looming problem to solve and they can solve it. Of course there is a cost in developing this. However, fossil fuels also get subsidies but they are not put on to the bill we get from the power companies, they go as grants and tax breaks to the producer companies from general taxation – so they are hidden. This could be seen as a subtle way to make people anti-renewables. With more use of renewables will come more R&D making more efficient and cheaper systems. Doing that R&D here means we can have technologies that we can export to pay our way in the world, and all those installations will provide local jobs in every locality, reducing the need for welfare payments, reducing what we have to pay in tax for benefit payments. Fossil fuels are a dead end in every sense. Renewables are the future technologies in which we should invest – yes, that’s the word “invest”.
1) Start immediate training for building insulation – all buildings.
2) Keep on installing solar PV and wind turbines (especially offshore).
3) Indeed let’s do some nuclear fission power, but not the absurd Hinkley C – there are better, proven designs to choose from, and we were once the world’s leaders in this and could invest in R&D again.
All these are jobs for people here, all good economic activity.

My Condolences

Southern Solar is dead.

The government seems intent on ending the solar power industry. It’s madness

I think solar power has become too successful for big-energy business to accept. The fossil fuel lobby is very rich, it can give big donations and offer directorships to those friendly to it.

As with any tech industry solar-power use will stimulate innovation: better, cheaper conversion. It will stimulate innovation in storage where we are only starting development on large-energy storage systems. Solar power really is the future, and we could be at the forefront, with technologies to export – the ultimate in robust, resilient, energy independence. We were at the forefront of nuclear power 50 years ago but look where we are now. We will have nothing to pay our way; the UK will become one of China’s sweat-shops.

Meanwhile back at the South Pole:

Antarctic ice is melting so fast the whole continent may be at risk by 2100

The tip of the iceberg

A lot was made by global warming skeptics of the apparent slow down in the rate of atmospheric warming over the past 15 years. The skeptics said it had stopped warming, but not so. More recent analysis shows that even the apparent slow down was an artifact of changing methods of temperature measurement over the years.

However, the atmospheric warming we are finding is only the tip of the iceberg – an apt metaphor.

World’s oceans facing biggest coral die-off in history

Since 2014, a massive underwater heatwave, driven by climate change, has caused corals to lose their brilliance and die in every ocean. By the end of this year 38% of the world’s reefs will have been affected. About 5% will have died forever.

But with a very strong El Niño driving record global temperatures and a huge patch of hot water, known as “the Blob”, hanging obstinately in the north-western Pacific, things look far worse again for 2016.

The question of the century

Maybe bankers have some use after all. At last short-sighted views are being superseded.

Carney warns of risks from climate change ‘tragedy of the horizon’

“The challenges currently posed by climate change pale in significance compared with what might come,” Carney said. “The far-sighted amongst you are anticipating broader global impacts on property, migration and political stability, as well as food and water security. So why isn’t more being done to address it?”