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>Yes, we need to get off of oil and gas >Yes, we don't need subsidies. >But wait for the war to be over and we know Germany won't be freezing, please. If we'
by lordswork 4y ago
>Yes, we need to get off of oil and gas
>Yes, we don't need subsidies.
>But wait for the war to be over and we know Germany won't be freezing, please.
If we're going to subsidize energy production until the war is over, might as well put all those subsidies into renewable energy that will further reduce Russia's global influence.
- bioemerl 4y agoRenewable energy just isn't up to the task in the timeframe we are talking about and in Germany where there really just isn't that much sun. Long term, 100 percent. We need renewables and we should be Manhattan projecting fusion, energy storage, and transport lines. But until we have breakthroughs, we are stuck with brown energy.
- lordswork 4y agoSure, but any incentive to speed up that effort will help. In the meantime, oil and gas will fine without the existing subsidies, given they are still posting record profits in the midst of the war: https://www.cbsnews.com/news/oil-companies-record-profits-2022-exxon-chevron/ https://www.cbsnews.com/news/oil-companies-record-profits-20...
- bioemerl 4y agoRecord profits won't matter when a company looks at a project and sees it will result in a loss. It's rare they will decide to subsidize that loss unless there is incentive. No idea how the math works out. It may be that the subsidies may be totally excessive. I'm skeptical the layman's perspective on this is actually accurate. The reasoning presented screams "arguments made in bad faith by activists" to me. Stuff that seems super reasonable but breaks apart once you understand in depth.
- lordswork 4y ago>Record profits won't matter when a company looks at a project and sees it will result in a loss What long-term projects are you imagining oil and gas to start investing in now? To hit 2030 / 2050 emission goals, we can't afford to invest in new long term oil and gas projects. >I'm skeptical the layman's perspective on this is actually accurate. The reasoning presented screams "arguments made in bad faith by activists" to me. Stuff that seems super reasonable but breaks apart once you understand in depth. Here are a couple of resources on how much these subsidies work out to be: [0]: https://www.theguardian.com/environment/2021/oct/06/fossil-fuel-industry-subsidies-of-11m-dollars-a-minute-imf-finds https://www.theguardian.com/environment/2021/oct/06/fossil-f... [1]: https://www.imf.org/en/Publications/WP/Issues/2021/09/23/Still-Not-Getting-Energy-Prices-Right-A-Global-and-Country-Update-of-Fossil-Fuel-Subsidies-466004 https://www.imf.org/en/Publications/WP/Issues/2021/09/23/Sti...
- ljf 4y agoRenewables is not just solar... Renewables produced over 50% of the energy consumed Germany, Jan to March this year... For those doubting/disputing this - it was over 50% in q1 2022 https://www.cleanenergywire.org/news/renewables-cover-50-german-electricity-consumption-first-quarter-2022 https://www.cleanenergywire.org/news/renewables-cover-50-ger...
- matt_attack 4y agoI'm not sure fusion is the breakthrough most think it will be. https://www.science.org/content/article/fusion-power-may-run-fuel-even-gets-started https://www.science.org/content/article/fusion-power-may-run... It seems like for it to even have a chance we need to go big on fission fow now.