Articles filed under Impact on Economy

EU slipping on economic competitiveness, employers say

Overall on energy, “we have much higher political costs in Europe,” Beyrer said, citing renewable-energy policies that cause “market distortion” and environmental efforts that are out of sync with global standards. If the rest of the world doesn’t sign on to the EU’s ambitions for reducing emissions targets, he said it may be time for Europe to “discuss our level of ambition” to avoid economic damage.
17 Mar 2015

Greens clueless on energy

In short, if campaigners get their wish and fossil fuels are phased out by 2040, the world will face an energy gap of at least 9.2 billion tonnes of oil equivalent. That is the equivalent of 147 countries with no energy. To illustrate, an energy gap like that would mean that the 56 nations of Africa, the 44 nations of Latin America, the 12 nations of the Middle East and 35 nations in Asia, including China, would have to exist without energy.
16 Jan 2015

Angela Merkel dashes loss-making power plants' aid hopes

The government is working towards a way to safeguard permanent electricity supply, with cash for loss-making plants at one end of the spectrum of possible solutions and letting markets decide with price spikes in low supply periods the other. Utilities argue the latter solution could cause more mass closures and leave the market under-invested too long. 
15 Jan 2015

The Big Drop: Cheap oil burns green energy

Shares in Denmark’s Vestas, the world’s largest wind turbine supplier, dived after the oil producers’ cartel Opec decided not to cut production in late November and prices are still down 11 per cent, noticeably below the broader market.The Chinese solar panel giant, Yingli Green Energy, and Tesla Motors, the US electric carmaker, have suffered even sharper share price falls. Crude’s surprise rise of $3 a barrel to $63.40 on Wednesday did little to halt the decline.
17 Dec 2014

Growth in wind energy manufacturing remains elusive for West Michigan companies

While experts continue to tout wind energy as a diversification target for many West Michigan manufacturers, companies that supply the industry say they’ve faced a period of stagnant demand, especially now that a key federal incentive no longer exists. ...Part of the boom and bust felt by Michigan’s wind energy manufacturers can also be attributed to the state’s inability to attract an original equipment manufacturer like GE Corp. or Vestas Wind Systems to locate a production facility here, 
9 Nov 2014

Austin plan for renewable energy at odds with utility

But the city-owned utility, Austin Energy, has balked at the council’s proposal and said it would be too expensive for ratepayers. And since then, a debate has ensued over how to be politically progressive and economically practical at the same time. ...“It’s good to have aspirations except if the aspirations are so far afield that they are simply going to be ignored.”
17 Oct 2014

Residents, businesses grapple with looming electricity rate spike

Nearly half of New England’s electricity is now generated by natural gas, compared with just 15 percent in 2000. But officials say the region doesn’t have the pipeline infrastructure to match the need. The problems arise during the winter, when electric power generators and home heating companies are both vying for natural gas, which is funneled to the region through pipelines coming from the Pennsylvania area. 
5 Oct 2014

Expensive green energy a 'bad gamble' as ministers slash gas price forecasts

Ministers cut forecasts of gas prices for the rest of the decade by as much as a fifth, meaning green energy will remain relatively far more costly. ...“Year after year [energy secretary] Ed Davey has been banging on that one of the core reasons [for backing green energy] is to protect ourselves against inevitably high and volatile fossil fuel prices. Now their own forecasts are saying fossil fuel prices are going to be very affordable,” he said.
3 Oct 2014

Germany's expensive gamble on renewable energy

"Germany's current path of increasingly high-cost energy will make the country less competitive in the world economy, penalize Germany in terms of jobs and industrial investment, and impose a significant cost on the overall economy and household income," warned Daniel Yergin, vice chairman of research firm IHS.
26 Aug 2014

A sunny Ontario experiment gone wrong

In its latest 18-month outlook, the IESO forecasts that 99.5 per cent of Ontario’s 12,947 MW of installed nuclear capacity will be available during summer consumption peaks. But it predicts only 13.7 per cent of the 1,824 MW of installed wind capacity will be available. Solar is even less reliable. So, when wind and solar actually do produce power, it’s usually dumped.
5 Aug 2014

https://www.windaction.org/posts?p=6&topic=Impact+on+Economy&type=Article
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