China Expected to Phase Out Renewable Subsidies, Continue to Build Coal Plants – IER
“We get a tax credit if we build a lot of wind farms. That’s the only reason to build them. They don’t make sense without the tax credit.” – Warren Buffett
“Suggesting that renewables will let us phase rapidly off fossil fuels in the United States, China, India, or the world as a whole is almost the equivalent of believing in the Easter Bunny and Tooth Fairy.” – James Hansen (The Godfather of global warming alarmism and former NASA climate chief)
China’s energy regulator indicated the country will speed up efforts to ensure its wind and solar power can compete without subsidies and achieve “grid price parity” with traditional energy sources. China is encouraging renewable manufacturers and developers to drive down costs through technological innovations and economies of scale in order to phase out power generation subsidies, which have become an increasing burden on the state.
China owes about 120 billion yuan ($17.5 billion) in subsidies to solar plants despite cutting its subsidies to solar power and capping new capacity at 30 gigawatts this year—down from a 53 gigawatts in 2017—because the government is concerned about overcapacity and a growing subsidy backlog.
China’s National Energy Administration issued the draft guidelines on September 13, 2018, indicating that some regions with cost and market advantages had “basically achieved price parity” with clean coal-fired power and no longer required subsidies, and that other regions should learn from their experiences. The draft guidelines urged transmission grid companies to provide more support for subsidy-free projects and ensure they have the capacity to distribute all the power generated by wind and solar plants. Currently, China is soliciting feedback from the industry and has not given a date for implementation of the guidelines.
Coal Construction Continues
While China is putting the brakes on its renewables, it has restarted coal-fired projects that had been put on hold. Approximately 46.7 gigawatts of new and restarted coal-fired power construction has been spotted through satellite imagery. The coal-fired power plants are either already generating power or will soon be operational, increasing China’s coal-fired power capacity by 4 percent.
Coal consumption in China increased 3.1 percent in the first half of 2018 compared with the same period last year due primarily to coal-fired generation. Electricity consumption increased 9.4 percent during that period. A rebound in industrial demand for electricity and electric power shortages during the summer in some regions have made policy-makers more accepting of overcapacity from demand-responsive generation. Economic data for the first half of 2018 indicate that China’s power demand is rebounding.
Despite the change in coal-fired plant construction, overcapacity is still a problem in China. Utilization rates for coal-fired plants recovered slightly from a 50-year low in 2016, but have not even returned to 2015 levels. About half of the country’s coal-fired power plants were running at a loss in the first six months of this year due to high coal prices. Because of capacity cuts in its domestic mining sector, China’s coal imports increased, driving global prices for thermal coal that is used to generate electricity.
Despite China’s push to ensure all solar and wind production is distributed by the grid, China’s thermal electricity production (coal, natural gas, oil, and biomass) is increasing much faster than its renewable (wind and solar) electricity production. In the second quarter of 2018, wind and solar generation increased by 51 terawatt hours while thermal electricity production increased by 176.9 terawatt hours—about 3.5 times as much. Together wind and solar power represented just 21 percent of the increased power generation in the second quarter, while thermal power provided 72 percent.
China is still counting on coal to keep the lights on and keep its industrialization booming. While it has invested heavily in subsidizing its solar power industry, it realizes it cannot continue with the massive subsidies and has issued draft guidelines to phase them out. Despite having overcapacity and underutilized plants, it is continuing to construct coal-fired plants to ensure that power is available throughout the country and throughout the day.
THE global-warming-theory-obsessed mainstream media and unreliable-energy spruikers like Renew Economyroutinely market China as the “leader in renewable energy”.
THIS is deceptive fake news and classic propaganda designed to keep unreliables afloat through endless taxpayer subsidies causing rampant energy poverty that is destroying western economies and, ironically, sending jobs, industries and ’emissions’ directly to China!
“The data is further evidence that dilute and unreliable sources of energy like solar and wind cannot replace coal and other fossil fuels and will not lead to significant reductions in carbon emissions.”
AND, as a result of the reckless and ruinous “Save The Planet” pursuit of weather-dependent, intermittent, costly, symbolic, novelty sources of non-energy – wind and solar…
“Coal grew one percent in 2017 — its first growth since 2013…”
The point, if there was one, of throwing hundreds of $billions in subsidies at wind and solar was to slash emissions of carbon dioxide gas. Taxpayers and power consumers who are on the receiving end of the bill for all this environmental piety would, after almost 20 years, be entitled to ask just how much bang they’re getting for their buck?
Our view is pretty simple: if a naturally occurring beneficial trace gas, essential for all life on earth, really is killing the planet, then there is only one available solution. And that’s nuclear power.
In 2018, if a climate alarmist is still waging war on CO2 (although he’ll call it ‘carbon’) and not talking about nuclear power, you know you’re dealing with a deluded crank.
GLOBAL WARMING theory obsessed Germany (along with most of the gullible West) has spent upwards of ONE TRILLION €EUROS, of other people’s money, on unreliable energy – wind and solar – under the disastrous Energiewende program, only to undergo the biggest coal-fired power expansion in her history, because unreliables are unreliable…
“We suspect you won’t hear too much about this from the liberal mainstream media, or the environmental movement, or even Al Gore,” says zerohedge.com. “But, according to the latest energy report from The Energy Information Administration (EIA), under President Trump, per-capita carbon dioxide emissions are now the lowest they’ve been in nearly seven decades.”
Even more interesting is the fact that US carbon emissions dropped while emissions from energy consumption for the rest of the world increased by 1.6%, after little or no growth for the three years from 2014 to 2016.
The U.S. emitted 15.6 metric tons of CO2 per person in 1950. After rising for decades, it’s declined in recent years to 15.8 metric tons per person in 2017, the lowest measured levels in 67 years.
DON’T expect the lamestream media to report on this staggering reality any time soon ever…
IMAGINE the red-faces if they, just for once, honestly reported that spending TRILLIONS of €EUROS, of other people’s money, on unreliable energy – wind and solar – was actually increasing emissions, where fracking for natural gas (a “dirty” fossil fuel) was dramatically lowering them! Read the rest of this entry »
Britain’s gone nine days with almost no wind generation, and forecasts show the calm conditions persisting for another two weeks.
The wind drought has pushed up day-ahead power prices to the highest level for the time of year for at least a decade. Apart from a surge expected around June 14, wind levels are forecast to stay low for the next fortnight, according to The Weather Company.
“People would’ve started worrying about brownouts,” Elchin Mammadov, analyst at Bloomberg Intelligence said. “This shows that relying on wind, solar and batteries to supply the majority of our power is reckless for energy security.”
On Wednesday, wind generated about 4.3 percent of the U.K.’s electricity. Coal output has dropped near zero. Gas and nuclear have picked up the slack with 54 percent and 25 percent respectively, according to data from National Grid Plc.
The weather can be fickle and the government has to make sure that there is enough back up generation for times when the wind isn’t blowing. Greg Clark, secretary of state for business energy and industrial strategy announced Monday that the U.K. will take the next step toward agreeing to help Hitachi Ltd. finance a new nuclear reactor.
DEVASTATING read exposing the blatant fraud and utter uselessness of weather AND fossil-fuel dependent wind ‘power’….
* There has been zero scientific empirical proof provided by the wind industry to support their claims of consequential CO2 reduction.
* The claim that wind energy is “green” or “environmentally friendly” is laugh-out-loud hilarious – except for the fact that the reality is not funny at all. Consider just one part of a turbine, the generator, which uses considerable rare earth elements (2000± pounds per MW).
* The mining and processing of these metals has horrific environmental consequences that are unacknowledged and ignored by the wind industry and its environmental surrogates. For instance, just the rare earths of a typical 100 MW wind project would generate approximately:
1. 20,000 square meters of destroyed vegetation,
2. 2 million pounds of CO2,
3. 6 million cubic meters of toxic air pollution,
4. 29 million gallons of poisoned water,
5. 600 million pounds of highly contaminated tailing sands, and
6. 280,000 pounds of radioactive waste. (See this, and this, and this.)
It doesn’t take a genius to work out that wind power is the greatest economic and environmental fraud of all time. All it takes is a little cognitive power and a sense of inquiry.
Once people work out that they’ve been conned, they never turn back.
In our travels we’ve met plenty who’ve started out in favour of wind power and turned against it; we’ve never found an example of the reverse.
STT dishes up the facts on a daily basis, much to the annoyance of the wind cult. Anyone looking for a solid set of reasons as to why wind power can never work, need look no further than this cracking little list put together by John Droz.
Twenty-One Bad Things About Wind Energy — and Three Reasons Why
22 March 2018
Trying to pin down the arguments of wind promoters is a bit like…
The ‘illusion of truth’ can be a dangerous weapon in the hands of a propagandist like Joseph Goebbels (Credit: Getty Images)
IN order for the supposed man-made global warming climate change ‘crisis’ to metastasise into the costly and ruinous scare that it has now become, it must be accompanied by a constant stream of catastrophic outcomes and grandiose predictions to create the illusion of truth.
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” – Joseph Goebbels
SUCCESSFUL global warming climate change propaganda also requires a steady supply of fanciful solutions, leaving the impression that man-made climate change is a forgone conclusion that must be ‘stopped’, whatever the cost.
“Repetition makes a fact seem more true, regardless of whether it is or not.”
“Our minds are prey to the illusion of truth effect because our instinct is to use short-cuts in judging how plausible something is.” – psychologist Tom Stafford
ONE such theorised solution to stop supposed man-made global warming and reinforce the illusion of truth is to build a ‘space lens’ to shield the earth from apparent dangerous sunlight…