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Global Patsy Australia sacrifices coal, gas, cheap electricity, lifestyle in quest to cool Earth by no degrees

By Jo Nova

Welcome to Futility Island

Shut down Australia and save 0.01 degrees.

Australia’s role as the Global Renewables Crash Test Dummy continues.

Having installed more renewables per capita than anywhere on Earth, our PM declared that the decade of doing nothing was over. It was time to crash faster, or something.

So, the revamped Australian carbon tax called the Safeguard Mechanism does everything it isn’t supposed to. Gas and electricity prices will rise, climate targets will be harder to reach, the grid will get more unstable, and investors will run a mile now that new gas fields have to be “net zero” — meaning presumably they will have to buy carbon credits before they sell their first cubic meter of gas. The field of ineptitude even reaches overseas — with less gas for sale — our trading partners will just buy more coal.

Australia will spend even more billions to win a fashion contest at UN dinner parties and cool the world by 0.0 degrees C.

The Australian Electricity market melted down last winter, and stopped trading, because we didn’t have enough gas for the artificial “transition”. Even the hard-left AEMO — our climate activist electricity […]

March 28th, 2023 | Tags: , , | Category: Global Warming | Print This Post Print This Post | |

Net Zero by 2050? We need about 10,000 years of current Lithium production to get there first

By Jo Nova

So much for Net Zero by 2050

Simon P. Michaux calls it “Minerals Blindness” — the inability to see that there are just not enough metals to get to Net Zero.

He is an Australian working for the Geological Survey of Finland. He’s an Associate Professor of Mineral Processing and Geometallurgy, and has added up the tonnage required to convert the first generation of the fleet needed (theoretically) to get to Net Zero. So that’s just 25 years worth of wind turbines, solar panels and batteries.

And then we need to do it all again?

Michaux estimates that we need 944 million tons of lithium alone to go Net Zero (the first time). But at the moment every year we dig up about 100,000 tons a year, or 0.01% of what we need to reach the Net Zero target. Current total known reserves of lithium throughout the world in 2022 are just 26 million tons. Total known (best guess) resources are 98 million tons).* Obviously as the price of lithium rises, we will find a lot more. We haven’t been looking for lithium very long so we may even find ten times as much. But at our […]

February 22nd, 2023 | Tags: , , , | Category: Global Warming | Print This Post Print This Post | |

Biden’s huge US Climate goals suddenly pop — leaving Senators shellshocked, and professors sobbing…

The US will not be able to meet the 2030 targets without this legislation (and all those subsidies)

After seven months of negotiations, and the big plan being rejected then shaved and sliced and diced, Senator Manchin has rejected all climate and energy rules. Inflation is to high and too painful…

Manchin pulls plug on Biden’s climate plan The New York Times

WASHINGTON — Senator Joe Manchin III, Democrat of West Virginia, pulled the plug on Thursday on negotiations to salvage key pieces of President Biden’s agenda, informing his party’s leaders that he would not support funding for climate or energy programs…

Without action by Congress, it will be impossible to meet Mr. Biden’s goal of cutting U.S. emissions roughly in half by the end of this decade. That target was aimed at keeping the climate stable at about 1.5 degrees Celsius of warming compared to preindustrial levels.

“Political headlines are of no value to the millions of Americans struggling to afford groceries and gas as inflation soars to 9.1 percent,” said Sam Runyon, a spokeswoman for Mr. Manchin….

Because Democrats hold the Senate by a bare 50-50 majority, Mr. […]

July 16th, 2022 | Tags: , | Category: Global Warming, USA | Print This Post Print This Post | |

Well that explains everything: Bankers bullied Australia into Net Zero

Hands Up: It’s Net Zero now or a 1.5% interest rate hike?

So Australia is adopting Net Zero because the Global Financiers, who only want to save the world, would have refused to lend us money without jacking up our interest rates by 1.5%. The banker punishment would have meant a “17% investor exodus”. Fancy a stock market collapse?

This remarkable admission comes in the modeling released today by the Morrison government. No one is even trying to hide it.

At least we can stop pretending this has anything to do with science or the voters. Just cut out the IPCC and go straight for the BlackRock Temperature Tax, eh?

Note the “penalties” are imposed by global financiers:

Modelling shows real cost of no net-zero carbon emissions

Greg Brown and Geoff Chambers, The Australian

Businesses and households would have faced interest rate hikes of up to 1.5 per cent under expected penalties imposed by global financiers if the government had failed to adopt net zero emissions by 2050, modelling for the Glasgow climate package shows.

The penalty regime would have sparked a 17 per cent investment collapse by the middle of the […]

November 13th, 2021 | Tags: , , , , , | Category: Australia, Bankers, Big-Government, Global Warming | Print This Post Print This Post | |

We’ll spend $120 b because a foreign unaccountable committee says so, but we won’t spend 0.1% of that checking their science

By Joanne Nova

Shut down Australia and save 0.01 degrees.

Scott Morrison will spend $120 billion of our money on technology because it might solve a problem that a foreign unelected, unaudited committee says we need to solve. So we’ll spent $120 billion on a plan to change the weather on Planet Earth. But we won’t spend one thousandth of that to independently check what the committee says. Almost all the climate scientists who support the IPCC decision are ones whose income increases if they find a crisis.

All the people finding flaws are volunteers, or about-to-be volunteers involuntarily.

Scott Morrison’s $120bn new-tech plunge to hit net zero

The Australian

Scott Morrison has unveiled a “middle path” for Australia to reach net-zero emissions by 2050 which promises dramatic carbon reductions across the electricity and transport sectors and a massive investment of up to $120bn for emerging technologies to help achieve the Glasgow target.

The Prime Minister on Tuesday announced the government’s 126-page plan, promising it would not cause massive job losses and disruption to the regions and that Australians would be better off by $2000 on average by 2050 compared to taking […]

October 27th, 2021 | Tags: , | Category: Global Warming | Print This Post Print This Post | |
 
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