On September 2nd, the OECD published an 88-page report, funded by the European Union and produced in cooperation with the European Commission, setting out a framework for risk assessment of Net Zero commitments for De Nederlandsche Bank (DNB), the Dutch central bank. It carries the OECD’s imprimatur, but Brussels paid for it and Brussels co-wrote it – an odd arrangement given that the OECD’s own membership includes a United States Treasury that has spent the past 18 months telling the IMF and the World Bank to abandon precisely this kind of work and instead refocus on narrower, more traditional mandates. Bureaucracies exist to produce reports, and reports, evidently, are what we get, however far the political winds beneath them have already shifted.
The timing could hardly be worse for the study’s underlying premise. The climate-alarm narrative that has underwritten a decade and a half of ‘green finance’ activism is unravelling in full public view. The scientific committee that builds scenarios for the IPCC’s next assessment report has retired RCP8.5 and its successor SSP5-8.5 – the lurid ‘business as usual’ emissions pathway that supplied the statistical backbone for a generation of doomsday headlines – calling it implausible. Acting on demands from the Trump administration, the World Bank’s board voted at the end of June to retire its target of directing 45% of lending to projects with climate co-benefits. I made the case in these pages last month that the ECB and Bank of England continue doubling down
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Anyone who thinks that is a good idea to replace compact, centralized power generation technologies that work at ~90% productivity and consistently 24/7/365 and at large scale with technologies that depend on power sources that are dilute, unreliable, widely distributed, uncontrolable and work only intermittently at a combined productivity of ~18% or less, (actually as low as ~15% across Europe in 2025), must be in error or malign.
The low productivity of Weather-Dependent “Renewables” means that they have to be about 5-7 times larger in scale just to contribute the same amount power to the Grid over the year. But even at scale they are still unreliable often underprodcucing or overproducing on occasions.
If the costs to generate equivalent power costs with Weather Dependent “Renewables” were equivalent, (they are in fact much higher when fully accounted for subsidies, Grid connections and other accounting fixes), their power costs significantly more than conventional gas, coal and even nuclear technologies.
A comparison of the direct costs with conventional generators are outlined here
https://edmhdotme.wpcomstaging.com/the-costs-of-weather-dependent-renewables-against-conventional-power-generation/
https://edmhdotme.wpcomstaging.com/a-few-graphs-say-it-all-for-renewables/
Is it possible that Dr Tilak K. Doshi and Steven Tucker could get their contributions across with less words? They are always interesting but extraordinarily long pieces.
People should be free to invest by virtue signalling if they want to but then when they see the poor returns they may change their minds just as when asked how much extra they would pay for something ‘green’ most say nothing.
Even in retreat the eco fascists are still finding ways to embed their nasty plans. These supranational bodies set up after the two world wars served their initial purpose, but were really the Trojan Horse to smuggle in communism in whatever facet they could. Thankfully, nations are reverting to their self-interest and gradually moving away from the desperate edicts from the unelected EU bureaucrats. We have the US to thank for helping to undermine and dismantle the coercive and anti-freedom superstructure that’s been erected by the anti-human globalists like Carney.
An 88 page report. About nonsense. Fascinating
The OECD – another globalist institution to corral and coordinate nations to act all together under one happy global government.
The UN, OECD, G7. Assemblies of mafias designed to stop their in-fighting and focus on what really matters which is keeping the ordinary people of their countries under control and milking them like cows.
Whenever a government legislates to achieve a particular economic outcome, the inevitable result is equal and opposite to that intended.
The EUSSR is now a centrally planned economy and will go the same way as its predecessor.
Never quite understood how renewables are meant to replace fossil fuels when they are made out of and with the very thing they are meant to replace.
Because they won’t… it’s all a fantasy