The system is the global economy based on
relatively cheap fossil fuels, which has created this huge debt - based machine running out of control.
A power company is not going to invest in renewables if there's a chance it will be able to carry on
burning cheaper fossil fuels for decades to come.
I think it's also the perfect example of a really good technical solution that wasn't quite economically competitive compared to
insanely cheap fossil fuels.
The damage being done to 3rd World countries lies in food costs not insignificantly contributed to by green / UN policies of burning of food grain for fuel, by withholding funds (World Bank, EU, etc.) for building of
cheap fossil fueled power to these countries, and other ways denying this vulnerable sector the potential to industrialize.
Greens often note that the changing global climate will have the greatest impact on the world's poor; they neglect to mention that the poor also have the most to gain from development fueled
by cheap fossil fuels like coal.
European business will complain bitterly that it is being regulated and suffering higher energy costs than American, Chinese and Indian competitors, who can carry on
using cheaper fossil fuels with impunity.
Take the supply of
cheap fossil fuels away, and they become completely uninhabitable for most of the year: they are too cold, too hot or too dark.
And, at least in his recent video interview with Carbon Brief, it seems Lee, like many economists who came of age at the peak of the traditional environmental movement, has a very locked - in view that raising the cost of polluting is the critical way to shift global economies away
from cheap fossil fuels.
With the era of
cheap fossil fuels coming to a close, what's left as low - cost fuel is wood and that had to be the target of the next wave of exploitation.
If you want the best bang for your buck providing microgrids to enhance storm recovery efforts, you will connect to the grid and use
cheap fossil fuel back - up generators.
@Sebastian and Seabastian wonders whether «the apparent success of Keynesianism in the post war period was not completely a result of, say,
dirt cheap fossil fuels, or the utilisation of the considerable technological advances that occurred during the war.»
How about
getting cheap fossil fuel energy to the poor nations so they can leave their trees to grow and sequester CO2 like the UK Drax power plant that is burning North Carolina hardwoods to save the planet.
The family foundation — the work of the entrepreneur who created Bankers Life and Trust — is a co-founder of the Energy Foundation, and a vocal supporter of non-profit organizations that focus on combating man - caused climate change, with a focus on establishing a global energy policy that
eschews cheap fossil fuels for more - costly «renewable» energy sources.
While it's too early to definitively handicap the electoral impact of a Republican call for carbon taxation (we have, after all, no political data points to go by), it's not too early to handicap the electoral impact of the position forwarded by most of the Republican presidential candidates today: pretending that climate change is an open scientific question while
offering cheap fossil fuel as the holy grail of federal policy.
With the renewable energy costs of 15 - 40 cents per kwh, it would lead to economic collapse,
once cheap fossil fuel energy runs out — AND IT WILL RUN OUT!
But the whole point of the scheme was not welfare — but to tip the balance to kick start an industry that competes with
unfairly cheap fossil fuels that don't pay their way in terms of pollution or their social and health impacts.
In the meantime because society is not resilient to current extreme weather I think that in addition to funding research for
cheaper fossil fuel alternatives we should be spending money on adapting to extreme weather rather than subsidizing any current technology renewable energy.
In certain locations, solar and wind energy can be more expensive than
cheap fossil fuel power, and solar panels and wind turbines take up a lot of space (see Apple's sprawling solar farms in North Carolina).
Even if easy - to - access oil begins to run out in a few years, as some geologists predict, Broecker says nations will simply switch to other
relatively cheap fossil fuels.
After all, developed (Annex 1) nations had the luxury of
cheap fossil fuels as they developed and are responsible for the bulk of historical emissions.
While China, India, Russia and Brazil keep growing by
using cheap fossil fuels to become world economic giants, Democrats, and their radical (lunatic?)
All of that is based
on cheap fossil fuels, which won't be around in affordable amounts even 50 years from now (listen to last week's interview with biologist James Brown for more on that).
The funding comes at a time when the biofuel industry has faced difficult times and startups come and go due to both the nascent stage of the market, and the wide availability of
cheap fossil fuels.
Cheap fossil fuel has turned us into the first people in human history who have essentially no need of each other — a kind of hyperindividualism has replaced community.
And with prices now plummeting one might predict a return to the age of abundant,
cheap fossil fuel.
While we are disappointed with DOE's decision to exclude Holtec from the award, we remain confident that our reactor, the SMR - 160, has the greatest potential to triumph in a global marketplace because it is designed to meet the highest expectations of safety and is uniquely engineered to compete economically with other sources of alternative energy in the evolving era of
cheap fossil fuels.
«We get all of this dirt -
cheap fossil fuel.