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Business/Finance See other Business/Finance Articles Title: Cutting fossil subsidies nessesary to advance renewables: agency Paris (AFP) - Renewable energy, essential for meeting global CO2 emission targets, needs a stable regulatory framework, a cut in fossil fuel subsidies and more interconnected power grids to develop, a global energy agency said Sunday. The development of renewable energy will lead to a "new industrial paradigm" for electricity production, as it should expand by 70 percent globally between 2011 and 2030, according to the International Renewable Energy Agency. IRENA said cutting, or even cancelling, subsidies to energy produced with fossils would significantly reduce the cost of financing renewable projects. "Renewable energy investors need stable and predictable policy frameworks, which recognise the system-level benefits renewable energy can bring," IRENA said. "They need a level playing field, including cutting back on the substantial subsidies currently enjoyed by fossil fuels worldwide," it said. IRENA also called for a "supportive grid infrastructure," arguing that the industry needs more regional interconnections to "take advantage of synergies between different forms of renewable power." "A sector once dominated by large utilities is becoming more decentralised, diverse and distributed," IRENA said. As an example, it cited Germany, where only 12 percent of renewable energy assets, such as wind turbines and solar panels, are managed by traditional energy companies. But this development needs substantial annual investment of at least $550 billion (385.5 billion euros) until 2030, to increase the share of renewables to 36 percent of produced energy, and to contain global warming, IRENA said. Investment in renewables amounted to $214 billion (165 billion euros) in 2013. Investment will come from the private sector, but governments have a role to play, mainly in emerging countries, the report said. Poster Comment: [Joshua] The main argument now for nuclear is the climate argument. The only technology ready to fill the gap and stop the carbon dioxide loading of the atmosphere is nuclear power. It certainly has problems; accidents, waste, costs, the use of its fuel in weapons. It also has advantages namely there's no monopoly over the fuel and it being atmospherically clean. The industry is mature, with 50 years of experience and ever improved engineering; next generation, meltdown-proof reactors comfortable treating waste as fuel. And it generates power 24/7 which is what you need to run cities. The growing world population is now half urban (up from 14% in 1900); it's gonna be 60% urban by 2030 and 80% urban by 2050; that's 7 billion people living in cities. Unless you want them to resort to combustion for their daily energy needs; that being the case will see a huge spike in deforestation for the production of wood and charcoal; in the absence of wood they'll burn trash, paper, e-waste or dung, etc. so you're going to need base load electricity for heating, cooking and lighting that's gonna come from either coal or nuclear. Coal waste is deleterious and distributed in the atmosphere (CO2, lead, mercury, sulfer dioxide, nitrous, heavy metals, and radioactive debris) where as nuclear waste, the total volume produced annually worldwide could fit on a two story structure the size of a basketball court. All the worlds nuclear waste produced since 1945 could all be disposed of on just about a square mile of land.3-1 Alex When ever someone starts talking about big oil and subsidies I stop reading. Big oil doesn't get subsidies, they get tax breaks that apply to most other industries. There are some tax break incentives to entice companies to drill for oil but that's because our government makes a huge profit off of every drop of gasoline. It's much easier to tax gasoline by allowing companies to produce lots of it. 5-1 ycsts They've spent over $1 trillion already on Wind & Solar and it doesn't produce even 0.5% of world energy, and that production has severe caveats. Like Wind mostly, but also Solar to a lesser extent, causes shadowing fossil fuel power plants to cycle excessively increasing fuel consumption, just as your car uses more fuel in stop & go traffic vs traveling at a steady pace. As wind & solar penetration increases, large portions of that energy must be shed because the peak is 3-10X what the avg generation is. That is waste and total energy inefficiency. Fact is Wind & Solar is a scam & a joke promoted by Fossil Fuel because they know gullible fools and useful idiots will jump on the bandwagon, wasting precious time and resources on that misguided & futile effort. Anything to delay the ONLY viable alternative to Fossil Fuels which of course is Nuclear Energy7-5 Doug I wish it were true that man made CO2 caused global warming. Sadly it is just a lie designed to separate people from the money they need to live. If it were true, an increase in CO2 would mean about 2 million square miles of inhospitable land would soon open up as fertile farmland across Alaska, Canada, Europe and Asia in the Northern latitudes. It would also imply an increase in Ocean evaporation due to higher temperatures and thus an increase in rainfall across the continents which would ease a future water shortage and increase hydro power generation. It would provide food for billions of additional people as the world's population increases. Sadly, even with a dramatic rise in CO2, satellite data proves the last 17 years has had no increase in global temperature. Thus there is no correlation between global warming and increase in CO2.8-5 Cmoreride Roger Stern, a professor at the University of Tulsa National Energy Policy Institute, wrote a study in 2010 in which he estimated that the US had spent $8 trillion on protecting oil cargoes in the Persian Gulf since 1976, when its military presence in the region was boosted following the first Arab oil embargo. This is all despite the fact that only 10% of the oil passing through the straits is actually destined for the US.3-1 [Paul] Most of the $8-trillion was wasted on providing Israel with security. Mid East needs the American market for its oil. Without the American market price would drop. TKA A wonderful treat that this writer should "USE" Germany to justify an argument on renewable energy. A little research will find that Germany concedes failure of renewable energy and putting an end to ignorance because 800,000 customers can not pay there bill that is increased by 4 times. Post Comment Private Reply Ignore Thread
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