The global warming craze is dying out, says Matt Ridley in the
Spectator, as banks, billionaires and politicians bail out of the Net
Zero agenda. Well thank goodness for that. Here’s an excerpt:
The
other factor that kept the climate scare alive was that emissions
reduction proved impossibly difficult. This was a feature, not a bug: if
it had been easy, the green gravy train would have ground to a halt.
Reducing sulphur emissions to stop acid rain proved fairly easy, as did
banning chlorofluorocarbons to protect the ozone layer. But decade after
decade, carbon dioxide emissions just kept on rising no matter how much
money and research was thrown at the problem. Cheers!
Switching
to renewable energy made no difference – literally. Here’s the data:
the world added 9,000 terawatt-hours of energy consumption from wind and
solar in the past decade, but 13,000 from fossil fuels. Not that wind
and solar save much carbon dioxide anyway, their machinery being made
with coal and their intermittency being backed up by fossil fuels.
Despite
trillions of dollars in subsidies, these two ‘unreliables’ still
provide just 6 per cent of the world’s energy. Their low-density,
high-cost, intermittent power output is of no use to data centres or
electric grids, let alone transport and heating, and effectively poisons
the economics of building and running new nuclear and gas generation by
preventing continuous operation. Quite why it became mandatory among
those concerned about climate change to support these unreliables so
obsessively is hard to fathom. Subsidy addiction has a lot to do with
it, combined with a general ignorance of thermodynamics.
Now the
climate scare is fading, a scramble for the exits is beginning among
the big environmental groups. Donations are drying up. Some will switch
seamlessly to trying to panic us about artificial intelligence; others
will follow Gates and insist that they never said it was the end of the
world, just a problem to be solved; a few will even try declaring
victory, claiming unconvincingly that promises made at the Paris
conference a decade ago have slowed down emissions enough to save the
climate....<<<Read More>>>...
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