Tag: green new deal

Get ready for sky-high electricity bills as Green New Deal threatens to increase energy costs by 2,800%

The phase-out of earth-based fuels like oil and gas is in full swing. And in the not-too-distant future, average American households could end up paying energy bills that are 2,800 percent higher than they are currently.

In order for wind and solar power generation to keep an industrialized economy grinding, these technologies require a lot of backup battery power – backup battery power that costs a fortune at upwards of trillions of dollars.

David Wojick, writing for Watts Up with That, calculated that the average household electricity bill under a fully implemented Green New Deal paradigm would reach $52,500. Here is the process he used:

1) The amount of electricity storage capacity that would be needed to replace today’s earth-based fuel electricity generation systems nationwide is about 250,000 MWh (megawatt hours).

2) At a cost of $300,000 per MWh of storage capacity, the cost of purchasing enough batteries for this would be $75 trillion. Spread out over 20 years, this amounts to $3.75 trillion annually.

3) Right now, U.S. households use a collective 1.5 trillion KWh (kilowatt hours) of energy annually. Each individual household uses about 10,500 KWh per year at a cost of roughly $2.50 per KWh.

4) Extrapolated to scale, the average cost per year just to store enough “clean” and “green” energy per household is $26,250 – compare this to the current annual electricity bill average of $1,800 per household.

5) On average, annual electricity bills per household will increase at least 14-fold if the Green New Deal is fully implemented as planned.

6) When you factor in electrification of both transportation and gas heat, the cost could increase 28-fold, resulting in an economic collapse of epic proportions.

“In short everyone’s electricity bill will be 14 times greater than today if wind and solar replace today’s fossil fuel powered generation under the Green New Deal,” warns Wojick.

“This will be true of industrial and commercial consumers as well which will drive up the cost of virtually all goods and services. This impact is truly inflationary.”

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Profits of Doom

A mainstay of the green lobby in the face of its growing number of critics is that climate sceptics are funded by oil, gas and coal interests. By claiming that commentators such as yours truly are merely the PR front for Big Oil, green campaigners feel that they have excused themselves from the need to make rational arguments. Profit, not reason, they claim, drives scrutiny of the climate agenda. But not only do their accusations lack any evidence, they ignore the much greater flow of money between private interests and green lobbyists. So, what’s in it for them?

If only we were funded by Big Oil, perhaps I would be as wealthy as Britain’s top green officials, such as the outgoing Chief Executive of the U.K. Climate Change Committee (CCC), Chris Stark. The civil servant’s total salary and benefits for the financial year 2020-21 amounted to a whopping £400,000. That’s more than the annual total income for the organisation at number one in the green demonology – the Global Warming Policy Foundation – for four out of the last five years. The CCC’s former Chairman, John Gummer, restyled as Lord Deben, was revealed to have made £600,000 from his business dealings with green companies, which he failed to declare in the register of interests – profits that helped him employ a butler, no less, at his Suffolk mansion. Gummer’s predecessor at the CCC, Lord Adair Turner, saves the planet by heating the swimming pool at his country retreat using solar power.

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GREEN NEW DEAL? All But One Of World’s 100 Most Polluted Cities Are in Asia

All but one of the world’s 100 most polluted cities are in Asia, according to a new report, underscoring how powerless the U.S. is in combatting the supposed threat of global warming.

The study, published by IQAir, focused on measuring fine particulate matter known as PM2.5, which gives an estimate of air pollution. Just nine percent of the over 7,800 cities analyzed worldwide managed to meet WHO’s standards, many of which were in America.

A majority of these cities are in India, with 83 cities identified as pollution hotspots. All these cities exceed the World Health Organization’s air quality guidelines by around 1000 percent. Other heavily polluted countries including Bangaldesh, Pakistan and Burkina Faso.

The world’s most polluted city is Begusarai, a city of around 500,000 people in northern India, with an average annual PM2.5 concentration of 118.9 — 23 times higher than World Health Organization guidelines.

IQAir Global CEO Frank Hammes argued that such pollution is shortening people’s life spans.

“We see that in every part of our lives that air pollution has an impact,” he said. “And it typically, in some of the most polluted countries, is likely shaving off anywhere between three to six years of people’s lives. And then before that will lead to many years of suffering that are entirely preventable if there’s better air quality.”

Hammes added that there will be no improvements unless such countries implement “major changes in terms of the energy infrastructure and agricultural practices.”

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Biden Regime Declares War on Ceiling Fans to Fight “Climate Change” – Settles on Costly New Scheme that Could Put Small Manufacturers Out of Business

First the Biden regime came for your gas stove, then your dishwashers, then gas furnaces and then your water heaters.

Now the Regime is targeting for your ceiling fans, jeopardizing small businesses in the process. Like the other previous schemes, the primary purpose is to advance the Regime’s radical “climate change” agenda.

Fox Business reported Friday that the Department of Energy (DOE) is proposing a new rule that would require ceiling fans to be more “energy efficient.”

The DOE says that proposed rule, which is dated June 22, would save Americans “a significant amount” of energy.

DOE’s analyses indicate that the proposed energy conservation standards for ceiling fans would save a significant amount of energy.

As Newsweek reported, the comment period for the new rule closed on August 21 and the DOE is in the midst of reviewing all comments, data and information.

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The Biggest Winners in America’s Climate Law: Foreign Companies

The 2022 climate law unleashed a torrent of government subsidies to help the U.S. build clean-energy industries. The biggest beneficiaries so far are foreign companies.

The Inflation Reduction Act has spurred nearly $110 billion in U.S. clean-energy projects since it passed almost a year ago, a Wall Street Journal analysis shows. Companies based overseas, largely from South Korea, Japan and China, are involved in projects accounting for more than 60% of that spending. Fifteen of the 20 largest such investments, nearly all in battery factories, involve foreign businesses, the Journal’s analysis shows. 

These overseas manufacturers will be able to claim billions of dollars in tax credits, making them among the biggest winners from the climate law. The credits are often tied to production volume, rewarding the largest investors. 

Japan’s Panasonic, one of the few companies to publicly estimate the impact of the law, could earn more than $2 billion in tax credits a year based on the capacity of battery plants it is operating or building in Nevada and Kansas. The company, which supplies batteries to electric-vehicle maker Tesla, is considering a third factory in the U.S. that would lift that total. 

The climate law is designed to build up domestic supply chains for green-energy industries, but the reality is that the technology for building batteries and renewable-energy equipment resides overseas. The incentives are leading these companies to invest in the U.S., often alongside domestic businesses. 

“It’s a testament to the fact that we still live in a globalized economy,” said Aniket Shah, head of environmental, social and corporate governance—or ESG—strategy at investment bank Jefferies. “You can’t just out of nowhere put up borders and say, ‘It has to be made in America by American companies.’ ”

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Great Reset: Macron Suggests International Taxation System to Subsidise Green Agenda

French President Emmanuel Macron has suggested the imposition of a global taxation system in order to subsidise the green agenda to mitigate climate change.

Speaking at the Summit for a New Global Financing Pact in Paris on Friday, Mr Macron argued that actions from individual governments would be insufficient to deal with the alleged armageddon set to descend upon the world and therefore a new international taxation framework should be established.

“I’m in favour of an international taxation to finance efforts that we have to make to fight poverty and in terms of climate [action],” the French president said in comments reported by POLITICO.

“It doesn’t work when you do it alone, the [financial] flows go elsewhere,” Macron added, while shutting down calls for France to implement a new wealth tax to fund the green agenda.

“France already has in place two types of taxes that have been suggested: one on plane tickets, another on financial transactions,” he said adding that he was going to “make others follow us and mobilize” around these issues.

“There has been a great deal of discussion on the idea of international taxation, over and above what countries and institutions are doing. Whether it’s on financial transactions, maritime transport or certain other models, it will only work if it’s truly international, and so it presupposes an agreement, as we’ve been able to do on international taxation,” he said.

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New York becomes first US state to ban gas in new buildings

New York has become the first US state to pass a law banning gas stoves and other fossil fuels in most new buildings, in a victory for environmental activists.

The legislation adopted by lawmakers in the Democratic-run state legislature late Tuesday will require newly built homes to be all-electric in three years’ time.

The move aims to tackle climate change by reducing New York’s dependence on natural gas.

“Changing the ways we make and use energy to decrease our reliance on fossil fuels will help ensure a healthier environment for us and our children,” said state assembly speaker Carl Heastie.

The law, which could face legal challenges from the gas industry, will require solely electric heating and cooking in new buildings under seven stories from 2026.

For taller skyscrapers, the deadline is 2029.

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Biden proposes 30% climate change tax on cryptocurrency mining

The White House is trying to persuade Congress to pass a 30% tax on the electricity used in cryptocurrency mining in the next federal budget in order to minimize the nascent industry’s impact on climate change.

“Cryptominers’ high-energy consumption has negative spillovers on the environment, quality of life, and electricity grids where these firms locate across the country,” the president’s Council of Economic Advisers (CEA) argues in a blog post that will appear on the White House website on Tuesday, to which Yahoo News gained advance access. The post will lay out the case for the Digital Asset Mining Energy (DAME) excise tax, which the CEA writes is an “example of the Administration’s efforts to fight climate change and reduce energy prices.”

“Currently, cryptomining firms do not have to pay for the full cost they impose on others, in the form of local environmental pollution, higher energy prices, and the impacts of increased greenhouse gas emissions on the climate,” the CEA writes in its post. “The DAME tax encourages firms to start taking better account of the harms they impose on society.”

Burning fossil fuels to create electricity accounts for 25% of annual U.S. greenhouse gas emissions and releases harmful air pollutants such as nitrogen oxides and particulate matter.

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Despite SCOTUS Ruling Limiting Its Authority, EPA Tries To Unilaterally Regulate Carbon Emissions Again

After a bruising defeat at the Supreme Court, the Biden administration is back to crafting regulatory limits on power plant emissions. A forthcoming rule from the Environmental Protection Agency (EPA) would require that carbon-producing coal and gas power plants slash their greenhouse gas emissions by 2040, reports The New York Times.

These emissions limits would be so strict that coal plants likely have to adopt carbon capture technology to meet them while gas plants would have to switch to burning carbon-free hydrogen gas, say administration officials to the Times.

The yet-to-be-made-public rule is currently being finalized by the White House’s Office of Management and Budget.

Since coming into office, President Joe Biden has been working on a rule to limit greenhouse gas emissions from power plants. This has been a liberal priority going back to the Obama administration, which tried and failed to get Congress to enact an emissions cap-and-trade scheme in 2009.

Undeterred, in 2015, Obama’s EPA implemented very similar regulations to those that were found in the 2009 legislation, claiming that the Clean Air Act had given it the power to regulate carbon emissions all along.

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