NewEnergyNews: SARKOZY WANTS CARBON TAX

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge: To make every day Earth Day.

YESTERDAY

  • LABOR DAY STUDY: CHINA NEW ENERGY MOVES AHEAD
  • NO QUICK NEWS TODAY. BACK TOMORROW.
  • THE DAY BEFORE

  • Weekend Video: The Economic Opportunity In The Climate Fight
  • Weekend Video: The Future Of Energy
  • Weekend Video: Advances In BioEnergy
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    THE DAY BEFORE THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-CLIMATE CHANGE – IT GETS WORSE
  • FRIDAY WORLD HEADLINE-WHERE AND HOW WIND IS GROWING IN THE WORLD
  • FRIDAY WORLD HEADLINE-CHINA TO LEAD SOLAR MARKET GROWTH DESPITE OBSTACLES
  • FRIDAY WORLD HEADLINE-THE ENORMOUS POTENTIAL OF WORLD GEOTHERMAL
  • THE DAY BEFORE THAT

    THINGS-TO-THINK-ABOUT THURSDAY, August 28:

  • TTTA Thursday-PRESIDENT TO TAKE ACTION ON CLIMATE
  • TTTA Thursday-BIRDS AND ENERGY, THE BIGGER STORY
  • TTTA Thursday-NEW CA LAW STREAMLINES SOLAR PERMITTING
  • TTTA Thursday-DATA CENTER EFFICIENCIES CAN SAVE U.S. $3.8BIL/YR
  • AND THE DAY BEFORE THAT

  • THE STUDY: THE RISKIEST ENERGY IN THE WORLD
  • QUICK NEWS, August 27: VERIZON’S $40MIL SOLAR BUY; WIND PRICES HIT RECORD LOWS; NUKE INSPECTOR SAYS DIABLO CYN IS UNSAFE
  • THE LAST DAY UP HERE

  • THE STUDY: U.S. WIND RIGHT NOW
  • QUICK NEWS, August 26: CLIMATE MODELS PROVE RIGHT AGAIN; ABOUT INVESTING IN SOLAR; GM VS TESLA IN THE 200 MILE RACE -

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    Anne B. Butterfield of Daily Camera and Huffington Post, is a biweekly contributor to NewEnergyNews

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT)

    November 26, 2013 (Huffington Post via NewEnergyNews)

    Everywhere we turn, environmental news is filled with horrid developments and glimpses of irreversible tipping points.

    Just a handful of examples are breathtaking: Scientists have dared to pinpoint the years at which locations around the world may reach runaway heat, and in the northern hemisphere it's well in sight for our children: 2047. Survivors of Superstorm Sandy are packing up as costs of repair and insurance go out of reach, one threat that climate science has long predicted. Or we could simply talk about the plight of bees and the potential impact on food supplies. Surprising no one who explores the Pacific Ocean, sailor Ivan MacFadyen described long a journey dubbed The Ocean is Broken, in which he saw vast expanses of trash and almost no wildlife save for a whale struggling a with giant tumor on its head, evoking the tons of radioactive water coming daily from Fukushima's lamed nuclear power center. Rampaging fishing methods and ocean acidification are now reported as causing the overpopulation of jellyfish that have jammed the intakes of nuclear plants around the world. Yet the shutting down of nuclear plants is a trifling setback compared with the doom that can result in coming days at Fukushima in the delicate job to extract bent and spent fuel rods from a ruined storage tank, a project dubbed "radioactive pick up sticks."

    With all these horrors to ponder you wouldn't expect to hear that you should also worry about the United States running out of coal. But you would be wrong, says Leslie Glustrom, founder and research director for Clean Energy Action. Her contention is that we've passed the peak in our nation's legendary supply of coal that powers over one-third of our grid capacity. This grim news is faithfully spelled out in three reports, with the complete story told in Warning: Faulty Reporting of US Coal Reserves (pdf). (Disclosure: I serve on CEA's board and have known the author for years.)

    Glustrom's research presents a sea change in how we should understand our energy challenges, or experience grim consequences. It's not only about toxic and heat-trapping emissions anymore; it's also about having enough energy generation to run big cities and regions that now rely on coal. Glustrom worries openly about how commerce will go on in many regions in 2025 if they don't plan their energy futures right.

    2013-11-05-FigureES4_FULL.jpgclick to enlarge

    Scrutinizing data for prices on delivered coal nationwide, Glustrom's new report establishes that coal's price has risen nearly 8 percent annually for eight years, roughly doubling, due mostly to thinner, deeper coal seams plus costlier diesel transport expenses. Higher coal prices in a time of "cheap" natural gas and affordable renewables means coal companies are lamed by low or no profits, as they hold debt levels that dwarf their market value and carry very high interest rates.

    2013-11-05-Table_ES2_FULL.jpgclick to enlarge

    2013-11-05-Figure_ES2_FULL.jpg

    One leading coal company, Patriot, filed for bankruptcy last year; many others are also struggling under bankruptcy watch and not eager to upgrade equipment for the tougher mining ahead. Add to this the bizarre event this fall of a coal lease failing to sell in Wyoming's Powder River Basin, the "Fort Knox" of the nation's coal supply, with some pundits agreeing this portends a tightening of the nation's coal supply, not to mention the array of researchers cited in the report. Indeed, at the mid point of 2013, only 488 millions tons of coal were produced in the U.S.; unless a major catch up happens by year-end, 2013 may be as low in production as 1993.

    Coal may exist in large quantities geologically, but economically, it's getting out of reach, as confirmed by US Geological Survey in studies indicating that less than 20 percent of US coal formations are economically recoverable, as explored in the CEA report. To Glustrom, that number plus others translate to 10 to 20 years more of burning coal in the US. It takes capital, accessible coal with good heat content and favorable market conditions to assure that mining companies will stay in business. She has observed a classic disconnect between camps of professionals in which geologists tend to assume money is "infinite" and financial analysts tend to assume that available coal is "infinite." Both biases are faulty and together they court disaster, and "it is only by combining thoughtful estimates of available coal and available money that our country can come to a realistic estimate of the amount of US coal that can be mined at a profit." This brings us back to her main and rather simple point: "If the companies cannot make a profit by mining coal they won't be mining for long."

    No one is more emphatic than Glustrom herself that she cannot predict the future, but she presents trend lines that are robust and confirmed assertively by the editorial board at West Virginia Gazette:

    Although Clean Energy Action is a "green" nonprofit opposed to fossil fuels, this study contains many hard economic facts. As we've said before, West Virginia's leaders should lower their protests about pollution controls, and instead launch intelligent planning for the profound shift that is occurring in the Mountain State's economy.

    The report "Warning, Faulty Reporting of US Coal Reserves" and its companion reports belong in the hands of energy and climate policy makers, investors, bankers, and rate payer watchdog groups, so that states can plan for, rather than react to, a future with sea change risk factors.

    [Clean Energy Action is fundraising to support the dissemination of this report through December 11. Contribute here.]

    It bears mentioning that even China is enacting a "peak coal" mentality, with Shanghai declaring that it will completely ban coal burning in 2017 with intent to close down hundreds of coal burning boilers and industrial furnaces, or shifting them to clean energy by 2015. And Citi Research, in "The Unimaginable: Peak Coal in China," took a look at all forms of energy production in China and figured that demand for coal will flatten or peak by 2020 and those "coal exporting countries that have been counting on strong future coal demand could be most at risk." Include US coal producers in that group of exporters.

    Our world is undergoing many sorts of change and upheaval. We in the industrialized world have spent about a century dismissing ocean trash, overfishing, pesticides, nuclear hazard, and oil and coal burning with a shrug of, "Hey it's fine, nature can manage it." Now we're surrounded by impacts of industrial-grade consumption, including depletion of critical resources and tipping points of many kinds. It is not enough to think of only ourselves and plan for strictly our own survival or convenience. The threat to animals everywhere, indeed to whole systems of the living, is the grief-filled backdrop of our times. It's "all hands on deck" at this point of human voyaging, and in our nation's capital, we certainly don't have that. Towns, states and regions need to plan fiercely and follow through. And a fine example is Boulder Colorado's recent victory to keep on track for clean energy by separating from its electric utility that makes 59 percent of its power from coal.

    Clean Energy Action is disseminating "Warning: Faulty Reporting of US Coal Reserves" for free to all manner of relevant professionals who should be concerned about long range trends which now include the supply risks of coal, and is supporting that outreach through a fundraising campaign.

    [Clean Energy Action is fundraising to support the dissemination of this report through December 11. Contribute here.]

    Author's note: Want to support my work? Please "fan" me at Huffpost Denver, here (http://www.huffingtonpost.com/anne-butterfield). Thanks.

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    Anne's previous NewEnergyNews columns:

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT), November 26, 2013
  • SOLAR FOR ME BUT NOT FOR THEE ~ Xcel's Push to Undermine Rooftop Solar, September 20, 2013
  • NEW BILLS AND NEW BIRDS in Colorado's recent session, May 20, 2013
  • Lies, damned lies and politicians (October 8, 2012)
  • Colorado's Elegant Solution to Fracking (April 23, 2012)
  • Shale Gas: From Geologic Bubble to Economic Bubble (March 15, 2012)
  • Taken for granted no more (February 5, 2012)
  • The Republican clown car circus (January 6, 2012)
  • Twenty-Somethings of Colorado With Skin in the Game (November 22, 2011)
  • Occupy, Xcel, and the Mother of All Cliffs (October 31, 2011)
  • Boulder Can Own Its Power With Distributed Generation (June 7, 2011)
  • The Plunging Cost of Renewables and Boulder's Energy Future (April 19, 2011)
  • Paddling Down the River Denial (January 12, 2011)
  • The Fox (News) That Jumped the Shark (December 16, 2010)
  • Click here for an archive of Butterfield columns

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

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  • Tuesday, November 06, 2007

    SARKOZY WANTS CARBON TAX

    It is not just that Sarkozy, a free-market advocate, called for a carbon tax. It is not just that he called it a “climate-energy" tax. It is not just that he suggested imposing it and using the revenues to ease labor taxes.

    It is that he also called for a levy on goods imported to European markets from countries not participating in the Kyoto Protocols. This would potentially shift the burden for emissions to consumers of the emissions-generating products. It is probably the smartest way to go.

    And, in the US, it has no political possibility whatsoever.


    Climate change: Sarkozy backs carbon tax, EU levy on non-Kyoto imports
    Emma Charlton, October 25, 2007 (AFP via Yahoo News)

    WHO
    French President Nicolas Sarkozy; Jose Manuel Barroso, head of European Commission of the European Union; Al Gore, Nobel Peace Prize laureate & former US vice president;

    WHAT
    Sarkozy called for a “climate-energy” tax to cut greenhouse gas (GHG) emissions while endorsing a series of proposals emerging from an in-depth forum on environmental issues his government sponsored.

    Much of the value from a carbon tax depends on how the revenues are used. This study by Japan's National Institute for Environmental Studies shows real GDP falling if revenues are rebated to taxpayers (green) and if revenues are used for government expenditure. But if revenues are used to pay down the national debt, real GDP rises. (click to enlarge)

    WHEN
    The forum was held over 4 months. The proposals emerged in the last 2 days. Sarkozy’s speech was at a “closing ceremony” held October 24.

    WHERE
    Sarkozy’s proposal would affect not just France but all European Union countries and their trading partners. Notable non-Kyoto nations include the US, Australia, China and India.

    WHY
    - The purpose of the forum and of Sarkozy’s tax proposal is to cut GHG emissions. The forum brought together representatives of government, industry, labour and the environmental movement.
    - Proposals from the forum included a freeze on the building of new highways and airports, a plan to shift freight traffic from road to rail, a plan to cut pesticide use 50% in 10 years, extension of tram and high-speed trains, incentives for cleaner cars and more energy efficiency measures in building design and construction.
    - Forum participants suggested the taxation cutting emissions could be kept “painless” by applying revenues to reduce Labour taxes.
    - Sarkozy promised a freeze on genetically modified crops.
    - Sarkozy made no commitment to cutting France’s enormous consumption of nuclear energy for electricity.

    Nobody has found a way to use the revenues that would make a new tax appealing to voters. (click to enlarge)

    QUOTES
    - Sarkozy: "I want this forum to be the founding act of a new kind of politics. An environmental new deal in France and the world…We need to profoundly revise all of our taxes... to tax pollution more, including fossil fuels, and to tax labour less."
    - Sarkozy to Barroso and the EC: "I suggest to you that in the next six months, the European Union discuss the implications of this unfair competition…"
    - Gore, recognizing Sarkozy for holding the forum: "Today you become known as a great friend of the people of this planet…"
    - Sarkozy, to the forum participants: "Your ideas, I make them my own. I will support them and I will carry them out…"
    - Arnaud Gossement, spokesman, France Nature Environment: "For the first time, we have a president who does not pit economy, growth and ecology against each other... even though he was elected on a pro-growth platform…"

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