Renewable energy EU under pressure.

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SUMMARY

The European Union is considering halting green energy subsidies due to rising costs associated with increased adoption and installation of renewable technologies. A leaked internal strategy paper indicates that the EU is under financial pressure, prompting a reevaluation of its support for green energy initiatives. This situation mirrors recent developments in the UK, where abrupt subsidy cuts led to significant market disruptions. The discussion emphasizes the need for strategic investment in next-generation technologies, such as better battery systems and artificial photosynthesis, to ensure a sustainable energy future.

PREREQUISITES
  • Understanding of EU energy policy and subsidy frameworks
  • Familiarity with renewable energy technologies, particularly solar and wind
  • Knowledge of market dynamics in energy sectors
  • Awareness of the implications of political decisions on energy strategies
NEXT STEPS
  • Research the impact of subsidy cuts on renewable energy markets in the UK and EU
  • Explore advancements in battery technology for energy storage solutions
  • Investigate artificial photosynthesis and its potential applications in renewable energy
  • Analyze the financial implications of transitioning from fossil fuels to renewable energy sources
USEFUL FOR

Energy policy analysts, renewable energy advocates, investors in green technologies, and anyone involved in the transition to sustainable energy systems will benefit from this discussion.

  • #31
The price of oil of course did not stay at the crash bottom of 2008.

True, although it is still way down from what it was in 2007. Part of it is that the "next big economic slowdown" just hasn't occurred yet. When it does we'll see prices go down again.

...a critical point, because much of the N. American boom in oil production via fracking and tar sands oil would be marginally uneconomic if the price had remained at the 2008 bottom.

Yep, pushing prices up somewhat, but again not nearly up to $140 a barrel.
 
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  • #32
Some interesting discussion here on energy and energy independence.

http://www.livestream.com/nytenergyfortomorrow/share?clipId=pla_4a1fa8c3-feba-4d50-803f-561f60ad4dde

T. Boone Pickens is one of the first speakers after Thomas Friedman, who is the panel moderator.

John Krenicki, president and C.E.O., GE Energy, has some interesting commentary starting at 20 minutes.

One point that is made is the intermittency of renewables, i.e., wind and solar. There are also interesting comments regarding China's approach to energy supply.

Full set of videos - http://www.nytenergyfortomorrow.com/video.php
 
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