Further evidence from the legacy media that climate alarmism is on the way out?
16 Mar 2015 Leave a comment
in economics of information, economics of media and culture, environmental economics, global warming Tags: climate alarmism, expressive voting, global warming, rational ignorance, rational irrationality
Many more birds to be incinerated as solar energy becomes cost competitive; climate alarmists face mass layoffs
13 Mar 2015 Leave a comment
in energy economics, environmental economics, global warming Tags: climate alarmism, creative destruction, global warming, killer green technologies, solar power
Unsubsidized rooftop solar electricity costs anywhere between $0.13 and $0.23/kWh today, well below retail price of electricity in many markets globally.
The economics of solar have improved significantly due to the reduction in solar panel costs, financing costs and balance of system costs. We expect solar system costs to decrease 5-15% annually over the next 3+ years which could result in grid parity within ~50% of the target markets.
If global electricity prices were to increase at 3% per year and cost reduction occurred at 5-15% CAGR, solar would achieve grid parity in an additional ~30% of target markets globally. We believe the cumulative incremental total available market for solar is currently around ~140GW/year and could potentially increase to ~260GW/year over the next 5 years as solar achieves grid parity in more markets globally and electric capacity needs increase…
solar system costs have declined at ~15% CAGR over the past 8 years and we expect 40% cost reduction over the next 4-5 years as a solar module costs continue to decline, panel efficiencies gradually improve, balance of system costs decline due to scale and competition, global financing costs decline due to development of new business models and customer acquisition costs decline as a result of increasing customer awareness and more seamless technology adoption enabled by storage solutions…
oil represents only about 5% of global electricity production and in some of the important solar markets such as US, China, oil based electricity generation is less than 5% of the total. Moreover, the cost of oil based electricity generation even at $50 oil prices is the 7-9c/kWh range and as shown in the note, the marginal cost is higher than solar in many regions worldwide. Bottom line is that oil prices do not have a material impact on solar demand.
About the only losers from this creative destruction in energy production, aside from the tens of thousands of public officials, academics and NGO employees who jobs and research grants depend up climate alarmism, are the birds that happen to fly past these solar power stations and are incinerated.
via Deutsche Bank’s 2015 solar outlook: accelerating investment and cost competitiveness – Deutsche Bank Responsibility and Deutsche Bank report: Solar grid parity in a low oil price era – Deutsche Bank Responsibility.
Follow the money – The Global Landscape of Climate Finance 2014 CPI Report Climate Policy Initiative
09 Mar 2015 Leave a comment
in environmental economics, global warming, Public Choice, rentseeking Tags: bootleggers and baptists, climate alarmism, global warming, green rent seeking
In 2013, annual global climate finance flows totalled approximately USD 331 billion, falling USD 28 billion below 2012 levels.
Public actors and intermediaries contributed USD 137 billion (USD 134-140 billion) largely unchanged from last year. Private investment totalled USD 193 billion, falling by USD 31 billion or 14% from 2012, see Figure ES1. The actual decrease in total flows may be even larger as, for the first time, Landscape 2014 captures public finance flowing to large hydro and research and development (USD 4 billion and USD 3 billion respectively).
Climate finance flows were split almost equally between developed (OECD) and developing (non-OECD) countries, USD 164 billion and USD 165 billion respectively. The amount we tracked flowing from developed to developing countries fell by USD 8 billion from 2012, to USD 34 billion, with multilateral DFI contributions falling by USD 5 billion and private investment contracting by USD 2 billion.
Almost three-quarters of total flows were invested in their country of origin. Private actors had an especially strong domestic investment focus with USD 174 billion or 90% of their investments remaining in the country of origin. This demonstrates that investment environments that are more familiar and perceived to be less risky are key to investment decisions, highlighting the importance of domestic policy frameworks in unlocking scaled up climate finance flows.
Global warming ruined the world 15 years ago, apparently
06 Mar 2015 Leave a comment
in environmental economics, global warming Tags: climate alarmism, doomsday predictions, false prophets, global warming
What are the incentives to sign a global climate change treaty? Who must sign up to real commitments?
05 Mar 2015 1 Comment
in environmental economics, global warming, international economic law Tags: change treaty, climate alarmism, global climate, global warming, international public goods
Obama’s climate deal with China is a solar and wind energy fantasy
03 Mar 2015 Leave a comment
in energy economics, entrepreneurship, environmental economics, environmentalism, global warming Tags: carbon neutral economy, China, climate alarmism, global warming, solar energy
David Friedman on global warming, population and problems with the externality argument
02 Mar 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, David Friedman, economic history, economics of information, economics of regulation, environmental economics, environmentalism, global warming, law and economics, population economics, property rights Tags: climate alarmism, competition as a discovery procedure, David Friedman, externalities, global warming, population bomb, The fatal conceit, The pretence to knowledge
Will Japan sign on to a tough global climate treaty?
01 Mar 2015 Leave a comment
in energy economics, environmental economics, global warming Tags: climate alarmism, global climate treaty, global warming, international public goods, Japan
Fossil fuels will continue to provide most of the world’s energy, supplying 81% of global supply in 2035
01 Mar 2015 Leave a comment
in energy economics, environmental economics, global warming Tags: climate alarmism, Fossil Fuels, global warming
How much will global warming cost?
27 Feb 2015 Leave a comment
in applied welfare economics, environmental economics, global warming Tags: climate alarmism, global warming
Will a global climate change treaty be signed this year?
27 Feb 2015 Leave a comment
in environmental economics, global warming, politics - USA Tags: climate alarmism, expressive voting, global warming, international public goods, rational ignorance, rational irrationality
Al Gore and those Arctic polar ice caps
26 Feb 2015 Leave a comment
in environmental economics, global warming Tags: Al Gore, Arctic ice caps, climate alarmists, global warming
Utopia, you are standing in it! 
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