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… By Jo Nova With exquisite timing, another price rise in Australian electricity arrived just in time for the next election As the Opposition point out the Labor government went to the last election telling us 97 times how they would make our electricity $275 cheaper, but with the latest rise, it’ll cost more like $1,300 more than it did before the Labor party were elected. Prices look set to rise about two or three times faster than inflation. But coming after big blockbuster rises two years in a row, even a 5 or 10% rise is nasty. The Australian Energy Regulator (AER). Being part of The Blob, diplomatically and uselessly blame nearly every part of the system, as though this is just bad luck, even though they must know exactly which single dominant factor has changed in the last 30 years. Average wholesale market spot prices increased across 2024, impacted by factors such as high demand, coal generator and network outages, and low solar and wind output that drove high price events across DMO regions. These high price events have also affected the price of wholesale electricity contracts for 2025–26. Meanwhile Minister Chris […] 9.3 out of 10 based on 15 ratings ESG Today/ By Jo Nova Renewables are so over Just like that — the renewables bubble went phht. After twenty years of hailing wind and solar, suddenly the world’s tech giants are cheering for nuclear power. Worse — they don’t even mention the words carbon, low emissions or CO2. The new buzzwords are “safe, clean and firm“. They talk about needing energy “round the clock”, and they talk about “energy resilience” — but they don’t say nuclear is “low emissions”. It’s like they want everyone to forget their activism. Did someone say something about climate change? Meta, Amazon, and Google have flipped like a school of barracuda. Five minutes ago, life on Earth depended on achieving Net-Zero with fleets of wind farms in the sunset, now, they just want energy and lots of it. The big tech fish and their friends have signed a Large Energy Users Pledge admitting that the demand for energy is rising rapidly, that nuclear should triple by 2050 and that large energy users depend on the availability of abundant cheap energy (Small energy users too, Mr Bezos-Zuckerburg-Pichai.) The closest they come to hinting at the ghost of renewables is when they say […] March 14th, 2025 | Tags: Big-Tech, Nuclear Energy, Renewable Energy | Category: Global Warming, Nuclear Power, Renewable, USA |  Print This Post | | 9.1 out of 10 based on 15 ratings By Jo Nova Shamen and fortune-tellers are back preying on suggestible minds A new “study” warns us that the most populated cities on Earth have a distinct trend towards, wait for it, wetter or drier weather. Somehow, 95 of the 100 biggest cities do not have the exact same amount of rain that they had 40 years ago. (The horror). And this is “weird” they say, as if shifting patterns of rain have not been normal for the last four billion years. The new term this week in Climate Bingo is “Climate Whiplash” — which means a city that has had more droughts and floods lately. It’s just another sort of Global Weirding which was predicted by exactly no models anywhere until after it happened, and sometimes not even then. The trick here is to study some random permutation in an obscure weather metric over an absurdly short time frame — like for example the moisture surplus/deficit difference between precipitation and evapotranspiration, and voila, we find a “40 year trend”. Given that the Pacific ocean oscillates on 20 – 30 year cycle, and the Atlantic on a 60 to 80 year one, the world will never run out of […] March 13th, 2025 | Tags: Climate Astrology, Junk Science, Rain | Category: FakeNews, Global Warming, Lies-by-Omission | Print This Post | | 9.4 out of 10 based on 11 ratings 9.3 out of 10 based on 15 ratings By Jo Nova Who knew? Penguins are not only a “sentinel species” warning us about climate change in Antarctica but “Adélie penguin breeding is closely linked to temperature“. More warming equals more penguins. So just as we can use trees as thermometers, we can use penguins as thermometers. And when we do, we find that there was a veritable boom in penguins in the Ross Sea 1,000 years ago. It’s all there in the peer reviewed Zheng paper, 2023 — thanks to NoTricksZone and KlimaNachrichten for finding the paper. As one of the most important ‘sentinel species’ in the Antarctic ecosystem, the Adélie penguin (Pygoscelis adeliae) is widely distributed in the Ross Sea region and its population is extremely sensitive to climate change (Ainley, 2002; Ainley et al., 2010). Since the International Geophysical Year in 1957, researchers have conducted extensive field investigations on climate change (including temperature, SST, sea ice, and polynyas) and Adélie penguin populations in Antarctica. Modern monitoring data also show that Adélie penguin breeding is closely linked to temperature… After comparing with historical records of penguin populations at Cape Bird, Dunlop Island, and Cape Adare, all were found to have a […] March 11th, 2025 | Tags: Antarctica, Medieval Warm Period, Penguins | Category: Global Warming | Print This Post | | 9.4 out of 10 based on 13 ratings 9.3 out of 10 based on 25 ratings 8.7 out of 10 based on 22 ratings By Jo Nova Nishant Gupta set up a green energy hedge fund last year managing about $100m in assets, but he probably wishes he hadn’t. His words are about as blunt as any hedge fund owner could possibly get. Hedge Fund Built on Energy Bets Says ‘Clean Is Dead for Now’ Bloomberg “The whole sector — solar, wind, hydrogen, fuel cells — anything clean is dead for now,” said Nishant Gupta, founder and chief investment officer at London-based Kanou Capital LLP. Against a barrage of political headwinds in the US, a war-fueled energy crisis and stubbornly high interest rates, large parts of the clean-energy industry are stalling. In the past year, the S&P Global Clean Energy Index has lost 20%, a period during which the S&P 500 Index gained 16%. And with the Trump administration shredding climate policies in the world’s largest economy, many green investors are taking a timeout. Over the last year clean energy stocks have lost 20% of their value, whereas stocks in fossil fuels are up 13%. So after the last year, skeptical investors are 30% richer than their believer friends. As it should be. S&P Global […] March 8th, 2025 | Tags: Climate Money, Hydrogen, Renewable Energy, Solar Energy (PV), Wind Power | Category: Free markets, Global Warming, Renewable, USA | Print This Post | | 8.9 out of 10 based on 19 ratings By Jo Nova The insatiable hunger for electricity The world is about to flip from an energy diet to an electrical boom. Look at Texas. Here in Australia our top Blob Scientists tell us it will take 15 years to build one nuclear plant. But in Texas, which has two nuclear plants already, the AI revolution is beating down the door, and it’s saying “Feed me 30 plants for breakfast ” — or at least by 2030. It’s like a different planet. There are already 340 datacentres in Texas which use 8GW of power, but new projects are so large, they are starting to ask for a whole gigawatt up front. And the sum total of requests for new electrical supply add up to 99 gigawatts — most of which have materialized in the last year. The new level of demand is so big, the grid managers are starting to worry that single new industrial loads are large enough to threaten the grid. We’re talking of a seismic shift: The ERCOT grid peak load last summer was 86 gigawatts. The new peak demand by 2030 is expected to be 75% bigger. It may not all be nuclear, ERCOT did […] March 7th, 2025 | Tags: Artificial Intelligence (AI), Nuclear Energy | Category: Global Warming, USA | Print This Post | | 9.5 out of 10 based on 21 ratings Cyclone Alfred headed straight for Brisbane It’s not often a cyclone heads straight for a big population center in Australia, and the media is running minute by minute updates: Nullschool It’s a slow moving category 2 storm, that won’t set any wind speed records, but will cross paths with 3 or 4 million people. Current wind speeds at 20 locations are available here. Let’s just hope it doesn’t rain for too long. The latest BOM report says sustained winds are 95km / hour with gusts to 130 km/hr. (Roughly 60 to 80 mph). http://www.bom.gov.au/products/IDQ65002.shtml If “Climate Change” has any effect on Australian cyclones, it’s to reduce them: With the usual logic and reason of top climate experts, this suggests that car engines, burgers, cows and coal can prevent cyclones. Anyone driving an EV, or eating vegeburgers clearly doesn’t care about koalas (or delicate solar panels): BOM These were Australian cyclone tracks 51 years ago, before mankind emitted 75% of all emissions of CO2 –– Two cyclones went past Brisbane. BOM — Cyclone Tracks Southern Hemisphere_ Back in days when humankind had barely started jumping on planes for hot weekends and footy finals, […] By Jo Nova Without forced theft from the poor, Sunnova (and others in the solar industry) might disappear Bloomberg writers call it “chaos” and Barrons blames Trump for “uncertainty”, but the truth is the value of solar was always a false bubble held up by forced payments, fantasy, or vicarious political whimsy that spread the costs onto other people. Trump has merely restored the certainty of real value in the free market. He hasn’t banned a single person from buying solar panels, it’s just that not many people want to spend their money on glass panels that make green expensive electrons. They don’t want to spend money on “cheap electricity” that only comes at lunchtime either. The 70% fall in the stock price is just the last few days since Sunnova officially warned it might not be a “going concern”. The longer term figures are much worse. On November 4th, when some investors though the word-salad-woman might win, the share price briefly spiked to $7. Right now it is 58 cents, meaning it has lost 92 percent of its value since Trump won the election. The entire $12 mini-boom peak in September last year, arguably, was a bet that […] March 6th, 2025 | Tags: Solar Energy (PV) | Category: Big-Government, Renewable, Solar Power, USA | Print This Post | | 9.2 out of 10 based on 13 ratings 9.2 out of 10 based on 25 ratings |
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