Norway ran on 100% renewables for like 80 years, but no one cares.
Only reason we’re not at 100% anymore is because politicians don’t find it a priority to be self-sufficient and it’s much better to sell Norwegian renewable electricity to Europe for a profit, then buy back dirty electricity and let the consumers in Norway pay a cable transit tax to the government.
See, now you get to sell the energy twice, and both times at a higher rate.
Used to work for a company that made killer profit, but 85-90% of it was funneled to the parent company to pay for the leverage of the PE investors who bought the company for 10x their EBITDA. Say we made 100 million EBITDA, the official result was around 10-15 million, and was the basis for our taxation.
All this money was paid as various fees and licenses and was calculated into the budget the year before. We had specific goals that we needed to hit and, and bonus payment was based on these goals. Our collective bonuses was a drop in the ocean compared to the result of the company.
The parent company in Germany then had at least three levels of holding companies, all incorporated in Luxembourg, between them and the owners.
Was a fun place to work when we got sold as suddenly there were som extra rounds of bonuses to go around as carrots for us to stay on during the sale, and even more stay-on bonuses for those who staid on after the sale.
According to my boss at the time - the perk of being in a PE backed company.
Wouldn’t be surprised if they’re up for sales again next year.
Same MO as always. If you’re not with Israel (the country) you are anti-Semitic, have forgotten about the Holocaust (which you should feel ashamed of letting happen), and support terrorism.
Principally agree. If we want to make a dent we need to be going into carbon capture mode - as most likely we’re already seeing cascading effects from the emissions already caused. Permafrost melting and releasing methane, the ocean warming up and holding less CO2.
But the numbers you use are horrid.
The average EV weighs maybe around 300 kg more than a comparable fossil car. Sure, the Hummer EV weighs a fuckton, but a regular Hummer ICE isn’t exactly a Lotus either.
The other negative trend in weight is the SUV-ification of society, and if you swap a Civic for an iX you get double padding.
Lifetime emissions cast a much bigger shadow than production emissions and most EV’s are climate positive one year in (average driving length, average electricity mix).
All of that said; don’t buy an EV to save the planet. Buy an EV because it’s a better car and better for your wallet. Depending on a multitude of factors these may not hold true for you yet, and you should probably just keep driving what you drive.
People focus way too much on the downsides of EV’s like charging infrastructure issues or waiting to charge.
All vehicles have tradeoffs and just because you’re used to filling petrol doesn’t mean it’s a pleasant activity. I’ve spent way too much time freezing at the petrol pump in the winter.
I actually did the math and found I’ve been spending way too much time at the petrol pumps. Driving electric I plug in at home. Takes a few seconds just like plugging in your phone.
Going out for petrol takes ten minutes. Driving on trips my bladder is still the weakest link, but every now and then charging adds a few minutes here and there, sometimes more.
Estimated net average time savings per year over the last four years is about 3-4 hours driving electric instead of ICE. That includes an hour less filling in freezing conditions.
But I digress.
TLDR; Climate is fucked, but EV’s can be good fun. Don’t feel obliged to buy one just yet, wait until it makes sense.
Portugal just ran on 100 percent renewables for 6 days in a row (grist.org)
Germany approves global minimum corporate tax (www.reuters.com)
Multinational firms will have to pay a minimum of 15% tax on all of the profits they make worldwide, regardless of where the profits are generated.
Amsterdam sex workers and residents march together against controversial erotic center (nltimes.nl)
France bans all pro-Palestinian demonstrations (www.bbc.com)
Stockholm to ban petrol and diesel cars from centre from 2025 (www.theguardian.com)