Globalization seems to be looked on as an unmitigated “good” by economists. Unfortunately, they miss the point that the world is finite. We don’t have infinite resources, or unlimited ability to handle excess pollution. So we’re setting up a “solution” that is at best temporary. Here’s why globalization is, in fact, a very major problem.
Paul McDivitt writes: Making wind and solar seem like they’re doing better than they really are could come back to bite proponents —and the climate. If people think we are about to replace fossil fuels with renewables, they will be less likely to demand new policies and take actions to lower their own carbon footprints.
Every five years, the Central Electricity Authority prepares a National Electricity Plan. Last December, the CEA released draft of third NEP for 2017-2022 seeking comments from various stakeholders. Some of its conclusions, like ‘close to zero energy demand deficit’, may sound like music to power starved India but also raises serious questions about its authenticity.
Nafeez Ahmed writes: A new research study by HSBC on global oil supply shows that the bulk of the world’s oil production has peaked and is now in decline. Welcome to a new age of permanent economic recession driven by our ongoing dependence on dirty, expensive, difficult oil — unless we choose a fundamentally different path.
The final stages of capitalism, Marx predicted, would be marked by global capital being unable to expand and generate profits at former levels. Capitalists would begin to consume the government along with the physical and social structures that sustained them. These assaults would destroy the host. This final stage of capitalism is what Trump represents.
Gail Tverberg writes: Underlying problems are sufficiently severe that we seem to be headed for a crisis far worse than 2008. Our fundamental problem is that neither high nor low energy prices are now able to keep the world economy operating as we’d like it to. Increased debt can’t seem to fix the problem either.
Suzanne Goldenberg reports: The climate crisis of the 21st century has been caused largely by just 90 companies, which between them produced nearly two-thirds of the greenhouse gas emissions generated since the dawning of the industrial age, new research suggests. They range from investor-owned firms –household names such as Exxon and BP– to state-owned firms.
To try to solve the energy problem, we use approaches that involve increasing complexity, including new technology and globalization. As we add more and more complexity, these approaches tend to work less and less well. In fact, become problems themselves, tending to redistribute wealth toward the top, increasing “overhead” for the economy as a whole.
Phys.org reports: The climate friendly electricity generated by solar panels in the past 40 years has all but cancelled out the polluting energy used to produce them, a study said Tuesday. Indeed, by some calculations, the so-called “break-even point” between dirty energy input and clean output may already have arrived, researchers in the Netherlands reported.
Greenpeace reports: India remains committed to one of the most aggressive programmes to build new coal plants (some 600 of them) that the planet has ever seen. Yet, 94% of the coal power capacity currently under construction will be lying idle. What’s more, solar power’s now cheaper than coal power, by the government’s own admission.
Instead of the scenario envisioned by many Peak Oilers, it’s likely that we will in the very near future hit a limit similar to the collapse scenarios that many early civilizations encountered when they hit resource limits. We don’t think about our situation as being similar, but we too are reaching decreasing resources per capita.
The revised version of a talk given by Soujanya Mantravadi at the Future of Energy for Hyderabad workshop held at La Makaan, Hyderabad on 24. 07. 2016, organized by Ecologise Hyderabad. It explores the implications of the end of the fossil fuel era and ways in which residents of Hyderabad can start preparing for it.
Chris Mooney reports: A large team of researchers have reviewed individual country climate pledges made at the Paris talks to conclude that they fall short, forecasting that the full carbon “budget” that we’ve left to emit if we want to stay below 2 degrees Celsius of warming could be emitted by as early as 2030.
Post the Paris climate agreement, the world looks to solar energy more than ever to reduce carbon emissions and counter climate change, with multi-billion dollar solar programmes announced by just about every major country. But just how efficient, and environmentally sustainable is the celebrated solar photovoltaic technology? Here’s what some leading voices have to say.
The 2016 edition of BP’s authoritative Statistical Review of World Energy offers some startling revelations. According to the report, India’s share in global coal consumption exceeded 10% in 2015, for the first time ever, while its oil consumption too set an all-time record. India also registered the largest increase in carbon emissions from energy use.
Gail Tverberg writes: Growth in energy consumption is dependent on the growth of debt. Both energy and debt have characteristics that are close to “magic” when it comes to economic growth, which can only take place when debt (or a close substitute, such as company stock) is available to enable the use of energy products.
The common assumption has been that the world will eventually “run out” of oil and other non-renewable resources. Instead, we seem to be running into energy surpluses and low prices. The real situation is that as prices rise, supply tends to rise as well, because new sources of production become available at the higher price.
Nafeez Ahmed writes: An extensive new analysis says that proved conventional oil reserves as detailed in industry sources are likely “overstated” by half. According to standard sources, the world contains 1.7 trillion barrels of proved conventional reserves. However, according to the new study, this official figure is almost double the real size of world reserves.
Gail Tverberg writes: We are experiencing a world economy that seems to be reaching limits, but the symptoms are not what peak oil groups warned about. Instead of high prices and lack of supply, we are facing indirect problems brought on by our high consumption of energy products. I have called it a double pump problem.
Vidhyadhar Date writes: A developed country is not one where the poor drive cars, but one where the rich use public transport. Building more roads to reduce congestion is like trying to put out a fire with petrol. India has failed to learn from developed countries’ mistakes and is on a disastrous path of motorization.