Category «Energy»

Banks Unwilling To Finance $5 Trillion Global Nuclear Development

https://oilprice.com/Alternative-Energy/Nuclear-Power/Banks-Unwilling-To-Finance-5-Trillion-Global-Nuclear-Development.html “The project risks, as we have seen in reality, seem to be very high,” said European Investment Bank Vice President Thomas Ostros, adding that countries need to focus more on renewables and energy efficiency. Ines Rocha, a director at the European Bank of Reconstruction and Development, and Fernando Cubillos, a banker at the Development …

We Need a Plan for the Transition to Renewable Energy

By David Fridley, Richard Heinberg, originally published by Independent Media Institute March 15, 2024 Radical societal transformation is inevitable; a plan could make a difference between catastrophe and progress. Introduction The transition to renewable energy is inevitable given the current climate crisis and the fact that fossil fuels are a finite resource. To make the …

23rd February 2024 Today’s Round-Up of Economic News

23rd February 2024 Today’s Round-Up of Economic News by Kali | Feb 23, 2024 World Bank: Emerging economies must grow ‘much faster’ to repay debt The World Bank warned that high borrowing costs have “changed dramatically” the need for developing nations to boost sluggish economic growth. The multilateral lender’s latest warning comes as international bond …

The Great Simplification

In my advanced years, I find an increasing desire to understand the evolving dynamics of our world. Much of the knowledge accumulated over my 86 years has become outdated, prompting me to reflect on my journey, current state, and the potential future of the planet. The Great Simplification is a podcast which is a source …

Things might not be so dire after all!

First published in the RADIX THINK TANK For some time, I thought our shrinking economy would eventually save the world. But I have been reluctant to say so for fear of being seen as more eccentric than usual. A recent comment by Tim Morgan in his Surplus Energy blog has encouraged me to have my …

The way we live next

Tim Morgan has just published the first of two pieces about the future. Well worth reading.

The Everything Bubble, The End Of Growth & Managing Expectations

A theory to explain everything Copied from NE – nakedemperor.substack.com May 24, 2023 I’m constantly looking for new theories to explain why the things that are happening in this world are happening. Why are governments pushing for ever greater control? Why did they unnecessarily destroy their economies during Covid? Why do they push a self-destructive …

Capturing Carbon with Machines is a Failure – So Why Are We Subsidizing It?

Human activity—mostly the burning of fossil fuels—has raised Earth’s atmospheric carbon content by 50 percent, from 280 parts per million (ppm) to 420 ppm. Since the start of the Industrial Revolution, we’ve released approximately 950 billion metric tons of carbon into the air. Every year, humans emit more than 40 billion metric tons of carbon dioxide (CO2) into the atmosphere, as of …

The End of Fossil Fuel-Based Growth

The President of the EU Commission has announced that “a growth model based on fossil fuels is obsolete.” Nate Hagens discusses this in his Great Simplification project. https://www.thegreatsimplification.com/frankly-original/31-reflections-on-beyond-growth Von der Leyen was speaking at a European Parliament-hosted event in Brussels entitled “Beyond Growth” whose main theme was how to reconcile economic development with environmental goals. …

The Future of Green Thinking

I have been uneasy for some time about current long-term green thinking. In Herefordshire and elsewhere A recent article by Megan Selbert and William Rees “Through the Eye of a Needle: An Eco-Heterodox Perspective on the Renewable Energy Transition” has provided insight into my unease. I have been following Prof Bill Rees for some years. …

Economic Contraction

Recent comments by Tim Morgan in his blog. The onset of economic contraction, even if it were to happen in a gradual and orderly way, will have profound political and social consequences. “Growth” has become a secular article of faith, and economic crises or hard times have often been the downfall of governments and regimes. …