lee wrote on Nov 13
th, 2021 at 6:30pm:
So no peer-reviewed paper for you because you just know things
?? we were discussing poisonous pollution from burning fossil fuels of all types, which is the reality in highly populated areas (apart from CO2 'pollution'). London has banned older diesel cars (with pre EU6 standards) in the CBD for that very reason.
Quote:Yep no spending needed.
Step down to a lower class, again.... You will find yourself in the class for sub-70's IQ group if you keep spouting statements like that one. It's
resource mobilization, not spending, which is the limiting factor for a
sovereign currency issuing government. So sovereign currency issuing governments don't need to tax in order to spend. OK not what you were taught at school, based on obsolete classical economics and more confused by a since abandoned 'gold standard'.
Quote:[But power generation does. So we need a peer-reviewed paper that says it is workable not someone who says unfunded economics will work
You are in effect saying we don't have the resources or know how to build sufficient solar/wind + p.hydro + smart grid to transition to a green economy.
Quote:So not a global economy then. Do make up your mind.
In the sense that the world can run on free electricity, so an economy which is based on free electricity in every nation.....
Quote:So no global energy mandate then.
That's what Glasgow is all about, seeking a global agreement/mandate. Excruciating, I agree. In a decade it should be clearer to what extent we have to abandon the private sector free market (depending on severity of fires, floods, sea rises and wind damage).
Quote:Ah onsite compressed air machines. Machines that need grease and oil. machines that need servicing. Machines that break down especially in dusty environments.
Yep, unemployment will be eliminated.
Quote:High paying jobs? to dust solar panels? And the electricity will be free despite the on costs. So how does the worker get paid?
By government decree funding green economy workers, not determined by free market forces.
Quote:They are both "developing" countries. The Green fund is for "developing" countries.
Never mind, I am trying to explain to the Chinese they can transition to green faster than any country in the world, because they already have the largest engineering capacity in the world.
Quote:"China, India and Other Developing Nations Seek $1.3 Trillion a Year in Climate Finance"
Last I heard (at Glasgow) India said they wanted $1 trillion, not much left for other 'developing' countries.
Quote:"African nations and a group called the Like-Minded Developing Countries, which includes China, India and Indonesia, said in a document they submitted to the United Nations at the summit that half the money should go toward funding renewable energy in the developing world and half toward protecting these countries from the effects of global warming."
Certainly China doesn't need a paranoid US - seeking to maintain global hegemony in the face of a rising China - slapping tariffs on Chinese PVs. China is already the world's largest investor in PV's and wing turbines.
Quote:That won't happen with Weather Dependent Renewables.
Yes it will, the ANU has already identified sufficient renwables storage sites around the world.
Quote:Ah yea free electricity again. No one pays for it.
Correct
Quote:Everyone can use as much as they like.
Incorrect: up to a regulated limit, after which fees will apply.
Quote:But somehow there is going to be a limit; because you have already said it won't be that large.
Addressed above.
Quote:And of course if you have a cyclone - no sun, too much wind - absolutely no power and that 450GWh storage will supply Australia for how long? Don't forget we need the industry and the homes.
A smart grid includes intercontinental connection to deal with temporary lack of renewables in any given locality.
Quote:So it seems we used 4.57Twh/day in 2019-20 and that was somewhat low because of Covid. I will let you work out how big a 450Gwh storage would last.
No need, I point to the ANU-examined global storage capacity. Meanwhile Oz itself has the potential to produce the world's largest supply of green hydrogen and hence ammonia,
another source of backup. (That's why 'Twiggy' is so enthusiastic about the transition opportunities.