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GREEN NEW DEAL = BLIZZARD OF LIES

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4 hours ago, Jay McKinsey said:

No you are just clueless and incapable of doing economic research preferring just to make stuff up. New car sales nearly tripled during that time period so a 400% increase in used car sales tracks just fine.

Oh and this graphic of new vehicle sales includes all busses and trucks:

image.thumb.png.e1906e6a5cd4ab1da2f4605f56c4a05e.png

http://en.caam.org.cn/Index/show/catid/32/id/1716.html

Although China has more than 270 million vehicles on its roads, only an estimated 15 million secondhand models were sold in 2019. That’s in sharp contrast to places such as Australia, the U.K., and the U.S., where people buy more used cars than new ones. https://www.bloomberg.com/news/articles/2021-01-06/china-wants-to-build-a-306-billion-used-car-market

Oh and only a moron doesn't know that almost all used car sales are "officially registered".  In the US there is this place called the Department of Motor Vehicles that...

 

Jay, those are registered Chinese used car sales, just a small percentage of actual used sales in China.

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7 hours ago, Boat said:

Not climate panic by the rich. A Tesla goes 0-60 in 2.3 seconds. Foreigners get little about the US. Google high school, college and pro football attendance on one weekend. It’s bigger than oil or politics. 

That is just what I said, only the rich can afford to stay driving in the electric future projected by this Climate Panic.

But that nightmare world you prefer will not happen, the new science has already debunked the weak climate models the woke rely on. That is clear in Britain, given the new policies there.

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(edited)

Talk about sore losers, the EU woke leaders must be really upset about Britain's new pro-fossil fuel policies, look at this new nonsense being proposed.

We hear this garbage whenever oil prices increase, about "windfall" taxes, a thoroughly discredited economic policy. Obviously these EU mandarins have never studied economics.

https://oilprice.com/Latest-Energy-News/World-News/EU-Gears-Up-to-Tax-Fossil-Fuel-Companies-Amid-Energy-Crisis.html

"If approved, the bill would install a minimum rate for a “solidarity contribution” from fossil fuels companies, while each EU member state could increase that rate, though not decrease it. 

The draft also indicates that the EU is gearing up to propose a mandatory power cut across the bloc, which is being interpreted as a move towards energy rationing as a stop-gap measure to avoid the spiraling of an energy crisis that has now been exacerbated by Russia’s cutoff of gas flows through Nord Stream 1. 

The power cut targets in the draft proposal, as seen by Bloomberg, seek to cut overall consumption, as well as to lower demand during selected peak hours during weekdays. 

The draft also discussed a cap on “excessive” revenue of non-fossil fuel power generating companies."

Edited by Ecocharger

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2 hours ago, Ecocharger said:

Woke is stuck with outmoded and worthless statistical models which no longer merit any kind of respect.

The real science tells a different story.

Mongolian coal is not real science. All this oil growth in a down year is not science even with no charts. 

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2 hours ago, Ecocharger said:

That is just what I said, only the rich can afford to stay driving in the electric future projected by this Climate Panic.

But that nightmare world you prefer will not happen, the new science has already debunked the weak climate models the woke rely on. That is clear in Britain, given the new policies there.

I have talked about the affordability of the electric transformation many times. You don’t understand what decades means, what growing to scale means. What tech has been successful, what appears to be happening soon and in the future. You missed the stats on the trillions of damage compared to the past from the number and strength of storms. You use what energy you got and keep installing the clean energy that doesn't kill as quickly. That energy that drives health care costs. If you like coal, go to Russia. They seem to have an increasing shortage of men. You can wheelbarrow some coal around and lie claiming it's Mongolian. Lol

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On 9/12/2022 at 6:38 PM, Ecocharger said:

Jay, those are registered Chinese used car sales, just a small percentage of actual used sales in China.

That is absurd. Almost every car in China is registered with the government just like in every other country and when they are sold the new owner is registered and old owner removed from the document. 

REGISTRATION MEASURES OF MOTOR VEHICLES IN THE PEOPLE'S REPUBLIC OF CHINA (DECREE NO. 56)

REGISTRATION MEASURES OF MOTOR VEHICLES IN THE
PEOPLE'S REPUBLIC OF CHINA (DECREE NO. 56)

(Adopted in the minister working conference of the Ministry of
Pubic Security on November 27, 2000)

 

CHAPTER 1 GENERAL PRINCIPLES

Article 1 Pursuant to relevant laws and administrative regulations, the Measures is stipulated for the purpose of strengthening management and registration of motor vehicles, protecting legal interests of citizens, legal persons and other organizations and promoting economic and social development.

Article 2 The Measures shall apply to the application and registration of motor vehicles in the People s Republic of China (PRC). The regulations for military vehicle registration shall apply to the motor vehicles that are registered by the People s Liberation Army and the People s Armed Police Forces.

Article 3 According to the Measures, the motor vehicles running on the roads within PRC shall be registered in the motor vehicle registry and obtain numberplates, drive certificate, and registration certificate.
Without numberplate and drive certificate, the motor vehicles are prohibited from running on roads.

Article 4 The vehicle management station of communication administration in public security agencies shall be the registering organs responsible for motor vehicle registration in their administrative areas.

Article 5 The motor vehicle registrations comprise recording, ownership transfer, outgoing, incoming, alteration, mortgage, drive termination, drive resumption, temporary entrance and cancellation.

Article 6 Registration number of motor vehicle is composed of registration organ code, English alphabet and Arabian number. Registration organ code shall be determined by the communication management bureau of Ministry of Public Security.
It is forbidden that one motor vehicle have more than two registration number at the same time.
Article 7 The vehicle management station shall register vehicles via computer systems and the registration shall be invalid if it fails to do so.

Article 8 The owner of motor vehicle shall register his vehicle in the management station, filling in registration forms and submitting valid materials according to the Measures.

Article 9 The vehicle management station shall accept the application of vehicle owner or mortgagee, examine materials submitted by the owner and mortgagee according to laws and examine the vehicles. Within the registration time limit, the station shall decide whether to register or not and if not, it shall explain the reason in writing.

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22 hours ago, Boat said:

I have talked about the affordability of the electric transformation many times. You don’t understand what decades means, what growing to scale means. What tech has been successful, what appears to be happening soon and in the future. You missed the stats on the trillions of damage compared to the past from the number and strength of storms. You use what energy you got and keep installing the clean energy that doesn't kill as quickly. That energy that drives health care costs. If you like coal, go to Russia. They seem to have an increasing shortage of men. You can wheelbarrow some coal around and lie claiming it's Mongolian. Lol

You are playing with worthless models and worthless statistics. Amateur stuff.

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4 hours ago, Jay McKinsey said:

That is absurd. Almost every car in China is registered with the government just like in every other country and when they are sold the new owner is registered and old owner removed from the document. You are really outdoing yourself with this level of stupidity.

REGISTRATION MEASURES OF MOTOR VEHICLES IN THE PEOPLE'S REPUBLIC OF CHINA (DECREE NO. 56)

REGISTRATION MEASURES OF MOTOR VEHICLES IN THE
PEOPLE'S REPUBLIC OF CHINA (DECREE NO. 56)

(Adopted in the minister working conference of the Ministry of
Pubic Security on November 27, 2000)

 

CHAPTER 1 GENERAL PRINCIPLES

Article 1 Pursuant to relevant laws and administrative regulations, the Measures is stipulated for the purpose of strengthening management and registration of motor vehicles, protecting legal interests of citizens, legal persons and other organizations and promoting economic and social development.

Article 2 The Measures shall apply to the application and registration of motor vehicles in the People s Republic of China (PRC). The regulations for military vehicle registration shall apply to the motor vehicles that are registered by the People s Liberation Army and the People s Armed Police Forces.

Article 3 According to the Measures, the motor vehicles running on the roads within PRC shall be registered in the motor vehicle registry and obtain numberplates, drive certificate, and registration certificate.
Without numberplate and drive certificate, the motor vehicles are prohibited from running on roads.

Article 4 The vehicle management station of communication administration in public security agencies shall be the registering organs responsible for motor vehicle registration in their administrative areas.

Article 5 The motor vehicle registrations comprise recording, ownership transfer, outgoing, incoming, alteration, mortgage, drive termination, drive resumption, temporary entrance and cancellation.

Article 6 Registration number of motor vehicle is composed of registration organ code, English alphabet and Arabian number. Registration organ code shall be determined by the communication management bureau of Ministry of Public Security.
It is forbidden that one motor vehicle have more than two registration number at the same time.
Article 7 The vehicle management station shall register vehicles via computer systems and the registration shall be invalid if it fails to do so.

Article 8 The owner of motor vehicle shall register his vehicle in the management station, filling in registration forms and submitting valid materials according to the Measures.

Article 9 The vehicle management station shall accept the application of vehicle owner or mortgagee, examine materials submitted by the owner and mortgagee according to laws and examine the vehicles. Within the registration time limit, the station shall decide whether to register or not and if not, it shall explain the reason in writing.

Jay, they have strict laws in China against reusing cooking oils, but there is a thriving industry in used cooking oils in that country. No one actually cares as far as the government is concerned.

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7 hours ago, Ecocharger said:

Jay, they have strict laws in China against reusing cooking oils, but there is a thriving industry in used cooking oils in that country. No one actually cares as far as the government is concerned.

Having been there quite a few times I can tell you all the Chinese people I've met are extremely law abiding as the consequences if theyre not are quite severe, and therefore they absolutely do care as far as the government is concerned.

Your reference to cooking oil AKA "gutter oil" is almost impossible to police as these people are transient and literally cook at the side of the road. It is a very poor analagy in this regard compared to a registered/unregisterd vehicle as these are easy to trace if used.

"Although gutter oil is illegal in China, the country's geographic vastness and the transient lifestyle of food vendors makes it difficult to for authorities to crack down on gutter oil offenders."

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(edited)

Coal Power Generation Falls Despite Energy Crisis

By Tsvetana Paraskova - Sep 12, 2022, 8:30 AM CD

Despite record high natural gas prices and a worldwide energy crisis, global coal-powered generation fell in the year's first half, defying forecasts of high coal consumption in the electricity sector.

As a result, emissions also dropped in the first half of 2022, despite a rise in overall power demand and Europe resorting to coal-fired power capacity amid surging natural gas prices and reduced imports of pipeline gas from Russia.  

These trends, analyzed in a report by S&P Global Commodity Insights cited by The Wall Street Journal, showed how important China is to the global energy markets and how the market works - demand falls when prices triple.

 

Coal prices hit a record high earlier this year after the Russian invasion of Ukraine and the announcement from the EU that it would stop importing Russian coal from August.

However, the biggest factor in lower coal-fired power generation so far this year was the marked slowdown in economic growth in the world's top consumer of coal, China, which accounts for more than half of global coal consumption. Due to renewed COVID-related lockdowns in the spring of 2022 and the crisis in the real estate sector, Chinese coal-fired power generation dropped in the first half of 2022 by 1.2 percent compared to the same period of 2021, per S&P Global Commodity Insights.

This wasn't the forecast that the International Energy Agency (IEA) made in December 2021, which estimated that China's coal-fired power generation would increase by 4.1% from 2021 to 2024.

But the IEA said in a July report that due to the considerable slowdown in China's economy in the second quarter of 2022, coal demand in the power sector declined by 3% in the first half amid weak economic growth and a strong increase in hydropower generation. The IEA revised down its December 2021 forecast for growth in 2022 Chinese coal demand to flat consumption, assuming "the Chinese economy recovers in the third and fourth quarters from the substantial slowdown in the second quarter."

Lower coal-fired power generation in the first half of 2022 means that global emissions dropped by 1% despite rising power demand globally and despite Europe turning to more coal to secure power supply in light of dwindling gas supply from Russia.

"The drop in emissions may seem surprising given the popular narrative that focuses on fossil energy security, but in reality it is quite straightforward—high fuel prices lead to less demand," Xizhou Zhou, vice president at S&P Global Commodity Insights, commented, as carried by the Journal.

Edited by Jay McKinsey
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17 hours ago, Ecocharger said:

Jay, they have strict laws in China against reusing cooking oils, but there is a thriving industry in used cooking oils in that country. No one actually cares as far as the government is concerned.

Here is how the Chinese populace reacts to having the wrong registration:

Mystery of the black ‘Shanghai’ Audi prowling streets of Hong Kong

 

Police follow up after several sightings of vehicle, which breaches city law as it only has mainland Chinese plates

Hong Kong police are following up on the case of an Audi with only Shanghai car plates that was spotted in various parts of the city in recent days.

Photos of the vehicle, in clear violation of city laws, were posted on social media by shocked pedestrians and drivers.

The pictures showed the black Audi roaming Mong Kok, Kwun Tong and the Tolo Highway in the New Territories without a Hong Kong car plate or a cross-boundary licence. The car plate bears the Chinese characters for “Shanghai” and the number “G0133”.

anyone who drove an unregistered vehicle in Hong Kong could be fined HK$5,000 and thrown into jail for three months

https://www.scmp.com/news/hong-kong/law-crime/article/2026353/mystery-black-shanghai-audi-prowling-streets-hong-kong

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2 hours ago, Jay McKinsey said:

Here is how the Chinese populace reacts to having the wrong registration:

Mystery of the black ‘Shanghai’ Audi prowling streets of Hong Kong

 

Police follow up after several sightings of vehicle, which breaches city law as it only has mainland Chinese plates

Hong Kong police are following up on the case of an Audi with only Shanghai car plates that was spotted in various parts of the city in recent days.

Photos of the vehicle, in clear violation of city laws, were posted on social media by shocked pedestrians and drivers.

The pictures showed the black Audi roaming Mong Kok, Kwun Tong and the Tolo Highway in the New Territories without a Hong Kong car plate or a cross-boundary licence. The car plate bears the Chinese characters for “Shanghai” and the number “G0133”.

anyone who drove an unregistered vehicle in Hong Kong could be fined HK$5,000 and thrown into jail for three months

https://www.scmp.com/news/hong-kong/law-crime/article/2026353/mystery-black-shanghai-audi-prowling-streets-hong-kong

anyone who drove an unregistered vehicle in Hong Kong could be fined HK$5,000 and thrown into jail for three months???

 

I wish they would enforce this in my neck of the woods...It would get rid of 5 percent of the vehicles off the streets in my neighborhood

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4 hours ago, Jay McKinsey said:

Coal Power Generation Falls Despite Energy Crisis

By Tsvetana Paraskova - Sep 12, 2022, 8:30 AM CD

Despite record high natural gas prices and a worldwide energy crisis, global coal-powered generation fell in the year's first half, defying forecasts of high coal consumption in the electricity sector.

As a result, emissions also dropped in the first half of 2022, despite a rise in overall power demand and Europe resorting to coal-fired power capacity amid surging natural gas prices and reduced imports of pipeline gas from Russia.  

These trends, analyzed in a report by S&P Global Commodity Insights cited by The Wall Street Journal, showed how important China is to the global energy markets and how the market works - demand falls when prices triple.

 

Coal prices hit a record high earlier this year after the Russian invasion of Ukraine and the announcement from the EU that it would stop importing Russian coal from August.

However, the biggest factor in lower coal-fired power generation so far this year was the marked slowdown in economic growth in the world's top consumer of coal, China, which accounts for more than half of global coal consumption. Due to renewed COVID-related lockdowns in the spring of 2022 and the crisis in the real estate sector, Chinese coal-fired power generation dropped in the first half of 2022 by 1.2 percent compared to the same period of 2021, per S&P Global Commodity Insights.

This wasn't the forecast that the International Energy Agency (IEA) made in December 2021, which estimated that China's coal-fired power generation would increase by 4.1% from 2021 to 2024.

But the IEA said in a July report that due to the considerable slowdown in China's economy in the second quarter of 2022, coal demand in the power sector declined by 3% in the first half amid weak economic growth and a strong increase in hydropower generation. The IEA revised down its December 2021 forecast for growth in 2022 Chinese coal demand to flat consumption, assuming "the Chinese economy recovers in the third and fourth quarters from the substantial slowdown in the second quarter."

Lower coal-fired power generation in the first half of 2022 means that global emissions dropped by 1% despite rising power demand globally and despite Europe turning to more coal to secure power supply in light of dwindling gas supply from Russia.

"The drop in emissions may seem surprising given the popular narrative that focuses on fossil energy security, but in reality it is quite straightforward—high fuel prices lead to less demand," Xizhou Zhou, vice president at S&P Global Commodity Insights, commented, as carried by the Journal.

Peak world coal happened in 2013/14.......Just the slow ones still believe it will ever exceed 2013/14

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LET'S BE REAL -- RENEWABLE ENERGY TO POWER THE WORLD IS A FANTASY, BUILT ON SUBSIDIES, TAX CREDITS, CARBON SWAP EXHANGES AND BOTTOM LINE:   IT'S  A TOTAL SCAM.

THE CLIMATE CHANGE BULLHORNS OF THE GLOBAL ELITES ARE DEMANDS  TO MADE ON THE PEOPLE WITHOUT POWER, WHO THEY MUST CONTROL AT ALL COSTS.

IF CLIMATE CHANGE IS REALLY THE EXISTENTIAL THREAT AND A  TRUISM BROUGHT TO US BY THE BRIGHTEST BULBS IN THE POLITICAL POWER CIRCLE OF THE COUNTRY, I.E. BARACK OBAMA, THEN WHY DOES HE LIVE ON THE CLIFF OVERLOOKING THE  OCEAN, WHILE EXPOUNDING THE FACTS OF THE SEA LEVELS RISING, AND INSTALLS  A 2,500 COMMERCIAL PROPANE TANK  ON HIS PROPERTY GIVEN BY SPECIAL PERMITTING BY THE STATE OF MASSACHUSETTS SUGGEST A DIFFERENT REALITY.

DO THEY REALLY BELIEVE WHAT THEY PREACH, OR ARE THEY JUST  CHARLATANS  WHO BEG FOR POWER AND FOIST THEIR PROPAGANDA ON THE GULLIBLE WHO BELIEVE THAT THE FANTASY OF A ZERO EMISSION WORLD IS RIGHT AROUND THE CORNER.  THEY DELIVER THIS NONSENSE BY HAVING A COMPLICIT MEDIA WITH NO OBJECTIVITY OR INTELLIGENCE AND LIKE A PARROT IN A CAGE WILL  CONTINUALLY REPEAT THE MESSAGE THAT IT IS A FOREGONE CONCLUSION THAT ENERGY CAN BE DELIVERED ON A WING AND A PRAYER BY THE STROKE OF A PEN, A REGULATION INSTALLED, A MANDATE TO BE OBEYED, OR MONEY BEYOND THE SCOPE OR WHEREWITHAL OF THE COUNTRY IT LEADS.  

IT'S TIME TO WAKE UP AND SMELL THE COFFEE SINCE THE BEAUTIFUL TRANSITION TOUTED BY THE POWERS THAT BE IS A SCHEME WHERE WE LOSE AND THEY MOST CERTAINLY WIN.

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I dont believe in the climate change protagonists as Co2 levels are actually at a very low level in earths history if anyone cares to research it.

We also need Co2 to survive, as does every other living thing on this planet we call home.

However renewables arent the devil and will save lives as pollution is a killer and thats a fact.

Thank God we dont still all burn coal to heat our homes.

The 1962 London smog was a severe smog episode that affected London, England in December 1962. It occurred ten years after the Great Smog of London, in which serious air pollution had killed as many as 12,000 people. 

https://en.wikipedia.org/wiki/1962_London_smog#:~:text=The 1962 London smog was,as many as 12%2C000 people.

 

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(edited)

On 9/14/2022 at 11:28 AM, Jay McKinsey said:

Coal Power Generation Falls Despite Energy Crisis

By Tsvetana Paraskova - Sep 12, 2022, 8:30 AM CD

Despite record high natural gas prices and a worldwide energy crisis, global coal-powered generation fell in the year's first half, defying forecasts of high coal consumption in the electricity sector.

As a result, emissions also dropped in the first half of 2022, despite a rise in overall power demand and Europe resorting to coal-fired power capacity amid surging natural gas prices and reduced imports of pipeline gas from Russia.  

These trends, analyzed in a report by S&P Global Commodity Insights cited by The Wall Street Journal, showed how important China is to the global energy markets and how the market works - demand falls when prices triple.

 

Coal prices hit a record high earlier this year after the Russian invasion of Ukraine and the announcement from the EU that it would stop importing Russian coal from August.

However, the biggest factor in lower coal-fired power generation so far this year was the marked slowdown in economic growth in the world's top consumer of coal, China, which accounts for more than half of global coal consumption. Due to renewed COVID-related lockdowns in the spring of 2022 and the crisis in the real estate sector, Chinese coal-fired power generation dropped in the first half of 2022 by 1.2 percent compared to the same period of 2021, per S&P Global Commodity Insights.

This wasn't the forecast that the International Energy Agency (IEA) made in December 2021, which estimated that China's coal-fired power generation would increase by 4.1% from 2021 to 2024.

But the IEA said in a July report that due to the considerable slowdown in China's economy in the second quarter of 2022, coal demand in the power sector declined by 3% in the first half amid weak economic growth and a strong increase in hydropower generation. The IEA revised down its December 2021 forecast for growth in 2022 Chinese coal demand to flat consumption, assuming "the Chinese economy recovers in the third and fourth quarters from the substantial slowdown in the second quarter."

Lower coal-fired power generation in the first half of 2022 means that global emissions dropped by 1% despite rising power demand globally and despite Europe turning to more coal to secure power supply in light of dwindling gas supply from Russia.

"The drop in emissions may seem surprising given the popular narrative that focuses on fossil energy security, but in reality it is quite straightforward—high fuel prices lead to less demand," Xizhou Zhou, vice president at S&P Global Commodity Insights, commented, as carried by the Journal.

Here is the reality of the coal scene, a rapid ramping up of coal production. Coal is King.

https://oilprice.com/Energy/Coal/Coal-Is-Staging-A-Major-Comeback.html

"But it’s not only traditional coal-producing states that are relying on coal, as many European powers seem to be going back on their climate promises by welcoming coal once again in the face of scarcity and rising prices. In a report by the International Energy Agency (IEA), published last month, the organisation warned that global coal demand could once again hit an all-time high, with E.U. consumption rising by an estimated 7 percent, adding to a 14 percent increase in 2021. Many European countries are now expecting to continue using high levels of coal until at least 2023, as they face gas shortages and rising energy costs. 

In Germany, the financial officer of energy firm RWE, Michael Muller, said that the company will continue to burn more coal in the short-term to meet the country’s energy demand as it faces severe gas shortages. Germany has already recommissioned some of its coal-fired power plants, and RWE is expected to boost production further. Muller stated, “RWE is actively supporting the German government, or European governments, in managing the energy crisis.” He added, “so we’re also bringing back additional coal capacity to manage that situation.”

Meanwhile, in the U.K., which pledged to close the doors of all its coal plants a year earlier than anticipated by 2024, energy firms are now being asked to ramp up their coal production to help the country avoid blackouts in the winter months. The closure of a coal-fired power station in Nottinghamshire will now be delayed and several other plants will be on standby to provide the National Grid with more power if required. At present, the delays are not threatening the U.K.’s 2024 goal, but if Europe sees energy shortages and high prices continue into the next year this could soon change. "

Edited by Ecocharger
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14 hours ago, Rob Plant said:

I dont believe in the climate change protagonists as Co2 levels are actually at a very low level in earths history if anyone cares to research it.

We also need Co2 to survive, as does every other living thing on this planet we call home.

However renewables arent the devil and will save lives as pollution is a killer and thats a fact.

Thank God we dont still all burn coal to heat our homes.

The 1962 London smog was a severe smog episode that affected London, England in December 1962. It occurred ten years after the Great Smog of London, in which serious air pollution had killed as many as 12,000 people. 

https://en.wikipedia.org/wiki/1962_London_smog#:~:text=The 1962 London smog was,as many as 12%2C000 people.

 

That coal technology of 1962 is no longer in use, we now have clean coal technology, which is once again on the rise in Britain.

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On 9/14/2022 at 4:02 PM, notsonice said:

Peak world coal happened in 2013/14.......Just the slow ones still believe it will ever exceed 2013/14

You are out of date.

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(edited)

On 9/14/2022 at 11:28 AM, Jay McKinsey said:

Coal Power Generation Falls Despite Energy Crisis

By Tsvetana Paraskova - Sep 12, 2022, 8:30 AM CD

Despite record high natural gas prices and a worldwide energy crisis, global coal-powered generation fell in the year's first half, defying forecasts of high coal consumption in the electricity sector.

As a result, emissions also dropped in the first half of 2022, despite a rise in overall power demand and Europe resorting to coal-fired power capacity amid surging natural gas prices and reduced imports of pipeline gas from Russia.  

These trends, analyzed in a report by S&P Global Commodity Insights cited by The Wall Street Journal, showed how important China is to the global energy markets and how the market works - demand falls when prices triple.

 

Coal prices hit a record high earlier this year after the Russian invasion of Ukraine and the announcement from the EU that it would stop importing Russian coal from August.

However, the biggest factor in lower coal-fired power generation so far this year was the marked slowdown in economic growth in the world's top consumer of coal, China, which accounts for more than half of global coal consumption. Due to renewed COVID-related lockdowns in the spring of 2022 and the crisis in the real estate sector, Chinese coal-fired power generation dropped in the first half of 2022 by 1.2 percent compared to the same period of 2021, per S&P Global Commodity Insights.

This wasn't the forecast that the International Energy Agency (IEA) made in December 2021, which estimated that China's coal-fired power generation would increase by 4.1% from 2021 to 2024.

But the IEA said in a July report that due to the considerable slowdown in China's economy in the second quarter of 2022, coal demand in the power sector declined by 3% in the first half amid weak economic growth and a strong increase in hydropower generation. The IEA revised down its December 2021 forecast for growth in 2022 Chinese coal demand to flat consumption, assuming "the Chinese economy recovers in the third and fourth quarters from the substantial slowdown in the second quarter."

Lower coal-fired power generation in the first half of 2022 means that global emissions dropped by 1% despite rising power demand globally and despite Europe turning to more coal to secure power supply in light of dwindling gas supply from Russia.

"The drop in emissions may seem surprising given the popular narrative that focuses on fossil energy security, but in reality it is quite straightforward—high fuel prices lead to less demand," Xizhou Zhou, vice president at S&P Global Commodity Insights, commented, as carried by the Journal.

Do you bother to read your own stuff, Jay? I guess not.

"...the biggest factor in lower coal-fired power generation so far this year was the marked slowdown in economic growth in the world's top consumer of coal, China, which accounts for more than half of global coal consumption. Due to renewed COVID-related lockdowns in the spring of 2022 and the crisis in the real estate sector, Chinese coal-fired power generation dropped in the first half of 2022 by 1.2 percent compared to the same period of 2021, per S&P Global Commodity Insights."

Nothing to do with renewables, that is pure hogwash.

Here is the big picture, for those who have trouble reading large print articles.

"In a report by the International Energy Agency (IEA), published last month, the organisation warned that global coal demand could once again hit an all-time high, with E.U. consumption rising by an estimated 7 percent, adding to a 14 percent increase in 2021. "

Edited by Ecocharger

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(edited)

7 minutes ago, Ecocharger said:

You are out of date.

In Germany, the financial officer of energy firm RWE, Michael Muller, said that the company will continue to burn more coal in the short-term to meet the country’s energy demand as it faces severe gas shortages. Germany has already recommissioned some of its coal-fired power plants, and RWE is expected to boost production further.

Meanwhile, in the U.K., which pledged to close the doors of all its coal plants a year earlier than anticipated by 2024, energy firms are now being asked to ramp up their coal production to help the country avoid blackouts in the winter months. 

Not only have China’s coal imports from Russia risen in recent months but so have the country’s production levels. According to data from the National Bureau of Statistics, China mined 2.19 billion tonnes of coal from January to June, an increase of 11 percent year on year. 

Edited by Old-Ruffneck
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2 hours ago, Ecocharger said:

That coal technology of 1962 is no longer in use, we now have clean coal technology, which is once again on the rise in Britain.

How is this new technology on the rise if they aren't building any new coal plants?

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(edited)

3 hours ago, Ecocharger said:

Do you bother to read your own stuff, Jay? I guess not.

"...the biggest factor in lower coal-fired power generation so far this year was the marked slowdown in economic growth in the world's top consumer of coal, China, which accounts for more than half of global coal consumption. Due to renewed COVID-related lockdowns in the spring of 2022 and the crisis in the real estate sector, Chinese coal-fired power generation dropped in the first half of 2022 by 1.2 percent compared to the same period of 2021, per S&P Global Commodity Insights."

Nothing to do with renewables, that is pure hogwash.

Here is the big picture, for those who have trouble reading large print articles.

"In a report by the International Energy Agency (IEA), published last month, the organisation warned that global coal demand could once again hit an all-time high, with E.U. consumption rising by an estimated 7 percent, adding to a 14 percent increase in 2021. "

Global Coal-Fired Power Generation Falls as Prices Soar and China Slows

Global coal-fired power generation fell by 1.2% during the first half of 2022 from a year earlier, according to an analysis of energy consumption data, as a sharp economic slowdown in China and a surge in global coal prices after Russia’s invasion of Ukraine crimped demand.

Meanwhile, power generation from renewable sources increased 17% year-over-year in the first half, led by capacity increases in the U.S. and China, according to a report published Thursday by S&P Global Commodity Insights, a market research firm.

https://www.wsj.com/articles/global-coal-fired-power-generation-falls-as-prices-soar-and-china-slows-11662656704

 

 

Edited by Jay McKinsey
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