Revealed: the BBC’s guide for pushing climate propaganda

oldbrew's avatarTallbloke's Talkshop

BBCpicBBC staffers were recently taught how best to push messages about climate doom. So much for impartiality. Licence payers never agreed to this condescending nonsense.
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Climate change is once again dominating the news agenda, says The Spectator (via Climate Change Dispatch).

A report from the Intergovernmental Panel on Climate Change warned that even if emissions are cut rapidly, the effects of global warming will be felt across the world.

The report – which Boris Johnson has declared sobering reading – leads the news today, with the BBC dedicating seven stories on its homepage today to climate change.

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Want The World’s Most Expensive & Unreliable Electricity? Try Offshore Wind Power

stopthesethings's avatarSTOP THESE THINGS

The true cost of chaotically intermittent wind power is staggering; the cost of offshore wind power is astronomical.

The capital cost of spearing these things offshore is multiples greater than doing so and some dimwitted farmer’s back paddock. Recouping that capital cost means that offshore wind power is 25 times more expensive than coal, gas or nuclear.

Jonathan Lesser runs the numbers below, in relation to a herd of colossal white elephants just waiting to be let loose along America’s Atlantic coast.

Offshore wind power vast boondoggle that New York can no longer afford
New York Post
Jonathan Lesser
30 July 2020

Offshore wind is the renewable-energy industry’s shiny new toy. Led by New York, seven Atlantic-coast states have now imposed mandates to expand offshore wind use over the next decade, with the Empire State last week soliciting bids for an additional 2,500 megawatts of offshore power, on…

View original post 653 more words

Burning Cash: (Occasional) Offshore Wind Power More Than Six Times Cost of (Constant) Gas-Fired Power

stopthesethings's avatarSTOP THESE THINGS

The true cost of wind power is staggering – the cost of offshore wind power is astronomical: the latter is more than six times the cost of gas-fired power.

The operating cost of maintaining any industrial machine in a marine environment starts out high and only increases over time, thanks to the corrosive power of saltwater and salt-laden sea air.

Take a machine that, at best, has an economic lifespan of around 12 years and it doesn’t take long before the cost of operating a wind turbine offshore gets out of control.

Andrew Montford runs the numbers on what is a staggeringly expensive way of generating a trivial amount of sporadically delivered electricity.

The levelised cost of floating offshore wind
Global Warming Policy Forum
Andrew Montford
29 July 2021

We present what may be the first estimate of the levelised cost of floating offshore wind.

Last year, I wrote a…

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How Taliban Expanded in Afghanistan During America’s Longest War

Chilly blast bares the harsh realities – and shortcomings – around Ardern govt’s renewable energy ambitions

Bob Edlin's avatarPoint of Order

The headlines said it all.

“High power demand forces blackouts in some areas”: Radio NZ.

“Things are running tight this morning: Transpower boss’ warning to Kiwis”: NZ Herald.

“’So Third World’ : Government faces pressure after power blackout” : Stuff

But doesn’t NZ have plenty of energy? After all, the Ardern government – in 2018 – could rule out any further offshore exploration for oil and gas.

And Energy Minister Megan Woods, more recently, has been complaining that wholesale power prices are too high.

It all hit home with dismaying force this week when – for the first time in several decades – NZ experienced enforced power blackouts.

As Stuff reported:

“The government is facing serious pressure after rolling power blackouts on one of the coldest nights of the year, with National saying the situation is ‘third world’.”

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David Friedman on Capitalism vs. Socialism

Stacked

Tom Hunter's avatarNo Minister

While his competitors continue to fumble around with much delayed, modest successes like getting spaceships into sub-orbital flights, Elon Musk’s SpaceX corporation continues to power ahead with stuff that’s at least a decade in front of them, not to mention national space agencies like China’s and NASA.

Following the successful atmospheric test flight of Starship SN15 – after a few catastrophic landings for earlier models – the next test ship, SN16, was simply scrapped while work moved ahead on a sub-orbital / orbital test vehicle.

This is entirely in keeping with SpaceX’s iterative development process of rapid design-build-test prototyping.

Only a few days ago, it was observed that the Super Heavy Booster (formerly called the BFR), the 1st stage of the Starship system, had been moved to its launchpad in Texas.

But just the other day, it was seen that an actual Starship sub-orbital/orbital model, SN20, was lifted…

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What do finance academics/professionals think about climate finance?

They should found a hedge fund then to prove John Cochrane wrong when he testified that “But climate change poses no measurable risk to the financial system. This emperor has no clothes. “Risk” means unforeseen events. We know exactly where the climate is going over the horizon that financial regulation can contemplate. Weather is risky, but even the biggest floods, hurricanes, and heat waves have essentially no impact on our financial system.

Moreover, the financial system is only at risk when banks as a whole lose so much, and so suddenly, that they blow through their loan-loss reserves and capital, and a run on their short-term debt erupts. That climate may cause a sudden, unexpected and enormous economic effect, in the next decade, which could endanger the financial system, is an even more fantastic fantasy.

Sure, we don’t know what will happen in 100 years. But banks did not fail in 2008 because they bet on radios not TV in the 1920s. Banks failed over mortgage investments made in 2006. Trouble in 2100 will come from investments made in 2095. Financial regulation does not and cannot pretend to look past 5 years or so, and there is just no climate risk to the financial system at this horizon.”

Amol Agrawal's avatarMostly Economics

Johannes Stroebel & Jeffrey Wurgler survey 861 finance academics, professionals, and public sector regulators and policy economists about climate finance topics.

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Wind & Solar Storage ‘Fires Up’: Giant Battery Burns For Days After Terrifying Explosion

stopthesethings's avatarSTOP THESE THINGS

Giant lithium-ion batteries have an alarming habit of exploding and, when they do, literally burning for days.

Following up on our recent post concerning just such a case – where a Tesla mega-battery exploded in a toxic fireball in southwest Victoria – here’s a couple from the team at Jo Nova and Watts Up With That? that detail the aftermath.

The Tesla battery fire burned for longer than it operated for
Jo Nova Blog
Jo Nova
3 August 2021

We all heard about the Tesla Megabattery fire in Victoria last Friday, but you may not know it only started operating on Thursday night. Or that 30 fire trucks and 150 firefighters took 76 hours to get the blazing battery under control.

So it burned for three times longer than it operated.

When they burn, Tesla batteries produce smoke with aluminum, cadmium, arsenic, mercury, lead, selenium, manganese and chromium.

Luckily no…

View original post 798 more words

Thomas Sowell – Landmark Speech at AEI with President Gerald Ford

Perspectives on New Zealand immigration policy

Michael Reddell's avatarcroaking cassandra

Several years ago the Law and Economics Association hosted an event in Wellington in which the New Zealand Initiative’s Eric Crampton and I each told our stories about New Zealand immigration policy. My account is here, and a link to the talk I gave is here.

A few months ago a couple of Victoria University of Wellington academics responsible for a Masters class (in a programme I didn’t even know existed (Masters in Philosophy, Politics and Economics)) invited us to do something similar for their class. We did that today.

My text is here (if Eric chooses to link to his slides on his blog I will include a link) (UPDATE: link here). My focus was solely on the economic dimensions of immigration policy, and in particular on the implications for economywide productivity (as the best proxy for whether large-scale policy-led non-citizen immigration has been beneficial for…

View original post 1,306 more words

Why the US Women’s National Soccer Team Lost its wage gap Lawsuit

The Socialist Calculation Debate — Dr. Peter Boettke, 9/23/2013

Spam: A History of Phishing

David Friedman talks about possible futures on The Marketplace of Ideas (10/21/2008)

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