Europes Energy Fiasco: An Inconvenient Moment For Climate Policy And Green Energy

First word

BEFORE foreign propagandists in our midst preach one more word to our people and government on the importance of green energy and the evils of fossil fuels, they should first explain why they are foisting on our country climate and energy policies that have plunged Europe into crisis and will undoubtedly also plunge the Philippines into the mire if we don't watch out.

There are major reports in international media today that discuss in detail the crisis in Europe and the role that wrongheaded climate and energy policies have played in bringing about the energy disaster.

First is an article in the September 27 issue of the Wall Street Journal, "Climate policy meets cold reality in Europe." It details how Europe today is reeling from an energy shortage and surging energy prices as a result of betting big on renewables.

Second is an article by Andrew Stuttaford in the National Review's September 2021 issue, "ESG's inconvenient truths and green energy's inconvenient moment," which contends that green energy faces today an inconvenient moment because of foolish climate policy.

Europe's current distress is highly ironic because no region or group of states has been more assiduous than Europe in dictating and prescribing the United Nations agenda for climate change, advocating zero carbon emissions and demanding the shutdown of the fossil fuel industry. No one has pressed the UN more to issue its highly debated climate assessment reports.

Now, it's the turn of Europe to be perched on the hot seat.

Europe grapples with energy crisis

The Wall Street Journal article by Allysia Findly squarely blames the rush to renewables for the severe energy price spikes and shortages in Europe. It warned that President Joe Biden's policies in the US are headed to the same ditch. Findly wrote:

"European leaders at the United Nations last week applauded themselves as they doubled down on their pledges to slash CO2 emissions...Such vows of carbon chastity are, to say the least, ironic as Europe grapples with a severe energy shortage and surging prices wrought by its green industrial revolution.

"In the past decade the UK and Europe have shut down hundreds of coal plants, and Britain has only two remaining. Spain shut down half of its coal plants last summer. European countries have spent trillions of dollars subsidizing renewables, which last year for the first time exceeded fossil fuels as a share of electricity production. But renewables don't provide reliable power around the clock, and wind power this summer has waned across Europe and in the UK, forcing them to turn to gas and coal for backup power. Yet demand for these fossil fuels is also surging across Asia and South America, where drought has crimped hydropower. Manufacturers there are also consuming more energy to supply Western countries with goods.

"Japan has become especially dependent on liquefied natural gas imports since it shut down most of its nuclear power plants after Fukushima in 2011. Even China has been forced to ration electricity to energy-hungry aluminum smelters because of a coal power shortfall. This has sent global aluminum prices soaring.

"Increased global demand has caused the price of coal to triple and the price of natural gas to increase fivefold over the past year. Europe's cap-and-trade scheme has pushed prices even higher...

"Russia is exploiting Europe's energy difficulties by reducing gas deliveries, perhaps to pressure Germany to complete certification of its Nord Stream 2 pipeline, which bypasses Ukraine. Russia's Gazprom has booked only a third of the available transportation capacity through its Yamal pipeline for October and no additional deliveries via its Ukraine pipeline.

"Europe has become ever more dependent on Russia — the world's second largest gas producer, after the US — for energy because the UK and Germany have banned hydraulic fracturing, letting their rich gas shale resources go to waste. Meantime, the Netherlands is shutting down Europe's biggest gas field.

"In short, all of Europe's green chickens are coming home to roost. Several UK retail electricity providers have collapsed in recent weeks because of the surging price of gas. Energy experts warn that some German power suppliers are in danger of going insolvent. Germany's electricity prices, which were already the highest in Europe because of heavy reliance on renewables, have more than doubled since February.

"Skyrocketing power prices have caused UK steel makers to suspend production. A former energy adviser to the UK government warned last week that the country's energy shortage this winter could prompt a 'three-day working week.'

"The European Steel Association has warned that the Continent's producers are becoming globally uncompetitive...

"Europe offers a portent of the havoc to come under the Biden administration's policies that aim to shut down fossil-fuel production and power the US grid exclusively with renewables. Democrats won't succeed in banishing fossil fuels. Instead, the US, like Europe, will need more gas and coal to back up renewables, and the US will become dependent on adversaries like Russia for energy."

'Foolish energy policy'

In the National Review article, "ESG's inconvenient truths and green energy's inconvenient moment," author Andrew Stuttaford underscored the baleful effect of irresponsible and poorly thought out climate policies in the crisis. Playing on Al Gore's book, An Inconvenient Truth, Stuttaford called the present an inconvenient moment for green energy. He wrote:

"'Europe's experience is the product of foolish energy policy,' says Gordon Tomb, senior fellow for Pennsylvania-based Commonwealth Foundation. 'Germany, for example, moved away from fossil fuels and nuclear in favor of wind and solar and its electricity now costs twice that of France's nuclear-generated power.'

"'Reliability and affordability of the electric system has to be paramount, even as we look at how we're making this energy transition, which our members are fully engaged in,' Todd Snitchler of Electric Power Supply Association (EPSA) told InsideSources. 'Europe is not identical to the United States but it's constructive that consumers are sensitive to price increases, especially at a time when there is peak demand.'...

"The worsening situation in Europe has gotten worse. The epicenter of the crisis continues to be the UK.

"It is, perhaps, unkind to note that in November, the UK will be hosting COP 26, the next big climate jamboree, a fact about which any British prime minister capable of feeling shame ought, under any circumstances, to be mortified — and these are not any circumstances. Unfortunately, the UK's prime minister, Boris Johnson, who has embraced climate fundamentalism with an intensity all too typical of converts to a new faith, is as shameless as he is incompetent. He is now busy shambling around proclaiming the importance of this miserable event, which will do little or nothing to help the climate, but a great deal to trash the economy, and will further empower Xi, Putin, and OPEC.

"Some wicked types appear to be hoping that this historic meeting/last chance to save humanity will be marred by a power cut."

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Source : https://www.manilatimes.net/2021/10/02/opinion/columns/europes-energy-fiasco-an-inconvenient-moment-for-climate-policy-and-green-energy/1816788

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ESG’s Inconvenient Truths and Green Energy’s Inconvenient Moment

Source:MSN

ESG’s Inconvenient Truths and Green Energy’s Inconvenient Moment