Month: October 2020

ANZ bankers kneel to carbon God, betray Australian farmers, miners — “don’t deserve a banking licence”

How to incense whole industries ANZ style The ANZ bankers declared this week that they are really in the business of saving the Earth, even if Australians didn’t vote for it. They declared some law abiding businesses were unworthy of their loans, and thousands of Australians in the steel industry, farming, and manufacturing are livid. The bank is now telling its customers that interest payments are not enough, and those with 50% or more of their operations in coal must diversify. They may well diversify right out of ANZ — a boycott is being discussed. And for shareholders this preening would seem like a dumb way to lose customers. But in Australia it’s worse than that. The right to earn interest by loaning money they mostly don’t have (by creating paper currency from thin air) is a glorious gift bestowed on them by an Australian banking license. It’s a perpetual money making machine, granted by a government group called APRA. ANZ is one of The Big Four Banks in Australia. It is supposed to provide an essential service, and in return APRA protects it by using the power of the state to run any new competitors off the ranch and […]

Rating: 0.0/10 (0 votes cast)

via JoNova

https://ift.tt/3egyvOu

October 31, 2020 at 10:31PM

The Guardian: A Biden Victory would Push the World on Climate Change

Guest essay by Eric Worrall

Scratch a climate activist, find a … ; Guardian author Katharine Murphy fantasising about the possibility a Biden administration would use America’s economic might to dictate climate policy to the freely elected government of Australia, and to the rest of the world.

A Joe Biden victory could push Scott Morrison – and the world – on climate change

Katharine Murphy
Sat 31 Oct 2020 06.00 AEDT

International action on emissions reduction will get a huge shot in the arm if the US election goes to the Democratic leader

I’m a deeply superstitious person, so I can barely bring myself to utter the words “if Joe Biden wins the American presidency next week”, but for the purposes of where we are going this weekend, I need to utter those words, because that’s our starting point for unpacking a few things.

If Biden wins, obviously that’s the end of the Trump administration, which would be a boon on so many fronts. So, so many fronts. The compendium of boon would span many volumes, and we haven’t got all weekend, so let’s just hone in on one critical issue that impacts Australia, and that’s climate change.

If we take the former vice-president at his word (and if you want a recent interview that dives right in, have a look here), a Biden victory would be a massive shot in the arm for international action on emissions reduction.

Let’s whip through this quickly. Biden will bring America back into the Paris agreement. America will sign up to a net-zero emissions pledge by 2050, with an enforcement mechanism.

Assuming Biden wins (and while I know what the polls say, I’m really not convinced he will – seriously, I will only believe that when I see it) – but assuming he and the Democratic machine can carry the day against a demagogue and a digital ecosystem flooding the zone with misinformation, and assuming he delivers on his pre-election commitments (which would be aided by the Democrats taking back the Senate), the world is in different territory on climate action.

A Biden victory, and the global reset that heralds, would help.

It would help the people in the Coalition who understand that things need to change make a case for change. At a political level, if Labor can stop punching itself in the head post-election, if it can manage to get its own climate policy story straight and stop the self-indulgent navel gazing about who loves blue-collar workers and who is about as useless as a vegan in a butcher shop, a Biden victory also creates the opportunity to apply some productive political pressure on the Coalition.

Read more: https://www.theguardian.com/australia-news/2020/oct/31/a-joe-biden-victory-could-push-scott-morrison-and-the-world-on-climate-change

To hope that a politician in another country could restrict the freedom of her own Australian people, to choose a climate policy course the Guardian doesn’t like – shame on you Guardian author Katharine Murphy.

But this is what heartfelt belief in the fake climate crisis does to people. Catastrophism is a moral slippery slope. Belief in the imminent end of the world is a license to do the unthinkable.

Like this:

Like Loading…

Related

via Watts Up With That?

https://ift.tt/3mSTuKv

October 31, 2020 at 08:55PM

Blackouts: candlelight dinners and evenings without television?

Around the same time that I started writing previous post, I came across the article Guaranteeing power at all times is absurd (Dutch ahead) about our energy security. It was written by Belgian economist Etienne De Callataÿ after our new Federal Government announced its intention of closing our nuclear infrastructure by 2025.

In that article, he makes the case that security of electricity supply should not be top priority for our Government and goes as far to write that one or two days of blackout per year is not the end of the world…

I think that I can somehow understand his reasoning, but first let’s look how De Callataÿ explains his strategy.

He starts by acknowledging that production by intermittent power sources is irregular and storage very expensive. He then continues to write that nuclear (and natural gas) can help with securing the supply, but these are centrally managed. Therefor this backup could be insufficient in case of a confluence of circumstances, like maintenance, a defect, a construction failure or sabotage. He then argues that trying to prevent every single possible blackout by following every possible deficit or surplus caused by solar and wind would cost a lot of money because it involves backup capacity that is rarely used. His solution is to prepare for blackouts and compensate those who were unfortunate to experience it (translated from Dutch):

Get consumers involved, and you’ll see that quite a few of them can live with temporary, pre-announced interruptions for which they will be compensated. Rather than heavy additional costs by maintaining sufficient capacity (whether through nuclear or gas-fired power stations) to absorb the combination of demand peaks and the production valleys of renewable energy.

I can understand the part of centrally power generation by large reactors/plants. Such a setup could have a big impact on grid stability in case of a confluence of circumstances (however, even having a central power generation, blackouts are very rare until now and they were fixed within a few hours). What I don’t understand however is that he seems to be happy with replacing it by a system depending on the weather. Sure, solar and wind are not centralized, but they are by no means reliable electricity sources. The output of solar and wind varies a lot and needs to be balanced in order to follow demand, replicating the output of a failing conventional plant on a regular basis.

This means that there should be a backup system and this brings us to the second part of De Callataÿ’s equation. He writes that guaranteeing power at all times is absurd because maintaining sufficient capacity to follow demand by means of renewable energy is very expensive.

I can understand this part also. The intermittency of solar and wind could lead to a situation in which there is no sun and hardly any wind. There will be virtually no production of electricity by solar and wind at this point, basically all demand needs to be met by backup sources (he names interconnectivity, flexibilization, storage and load shedding). However, this minimum only occurs on rare occasions. If such a minimum occurs this year, it doesn’t mean that it will happen next year also. It is even possible that a lower minimum will occur in the future. Or happens never again. Foreseeing enough capacity to meet the demand at the minimum means that capacity will be available that will rarely, if ever, be used. Yet that capacity needs to be build, operated and maintained. His solution is to balance between reliability and costs by lowering the reliability standard of the grid, compensating those who experienced eventual blackouts.

In his elan to convince the reader of his vision, De Callataÿ presents the experience of a blackout in a much too optimistic way. He describes it as “an evening without television and a candlelight dinner”, which “has a certain charm of its own”. This romantic picture might be true when a blackout happens in summer and then it would be bearable (although inconvenient for households as well as industry). However, blackouts in Belgium due to intermittency of power sources on the grid will very unlikely happen in summer. They most likely will happen in winter, when there is no sun at peak demand, leaving it to wind and backup to meet peak demand. If it is very cold, then also windmills can come into problems. Dark and cold, not exactly ideal to be without electricity for a couple days.

All in all, this article is interesting. This because it reveals that solar and wind differ from dispatchable power sources, which is not often mentioned in the media. The article confirms again that adding intermittent power sources to the grid will have consequences. It will come with a price, unless of course we are willing to sacrifice the current reliability of the grid.

via Trust, yet verify

https://ift.tt/34HU33j

October 31, 2020 at 05:40PM

Florida Democrats Sound the Alarm: ‘We’ve Got to Stop the Bleeding’

Democrats are expressing unease because members of their party are not showing up in Miami-Dade in the same volume seen four years ago.
Thursday’s Trump rally drew “thousands” compared to Biden’s “hundreds.”

As of Thursday, 53 percent of Democrat voters had turned out to vote in the crucial blue county compared to the 59 percent turnout for Republicans. The six-point lead is “twice the margin Republicans had at this point in 2016,” according to Politico.

“Among Hispanic voters, who make up nearly 70 percent of the county’s population, the deficit is even bigger — 9 points,” the outlet reported.

According to Matt Isbell, a Florida-based Democratic data analyst, Hispanic turnout for Republicans is 57 percent compared to 48 percent for Democrats.

There is an “influx of support from Latinos, the Hispanic community, [and] everybody coming out for Trump,” said Kimberly Guilfoyle, the national finance chair of the Trump Victory Finance Committee.

“Just comparing the juxtaposition between 2016 and 2020, to see the robust support from Latinos and Hispanic Americans coming out in enthusiasm and record numbers for President Trump at the rallies, at the bus stops, everything I’m seeing across Florida tells me that this has been a game-changer for the president,” she said — an observation that speaks to the Democrats’ mounting fears.

State Sen. Oscar Braynon (D) also acknowledged the shortcomings in voter turnout for Democrats thus far, particularly among the black community.

“There is not the turnout here [Miami] in the black community that I’ve seen in the past,” he said.

Hillary Clinton overwhelmingly took Miami-Dade County in 2016 with 624,146 votes to Trump’s 333,999.

See more:
https://www.breitbart.com/politics/2020/10/30/florida-democrats-panic-election-day-approaches-weve-got-stop-bleeding/?utm_source=newsletter&utm_medium=email&utm_term=daily&utm_campaign=20201030

The post Florida Democrats Sound the Alarm: ‘We’ve Got to Stop the Bleeding’ appeared first on Ice Age Now.

via Ice Age Now

https://ift.tt/2Gh8OAT

October 31, 2020 at 05:37PM