Stimulus IV: Last Chance for the Green New Deal?

These pieces are all from Master Resource, They start on March 24 and are posted in reverse chronological order.

Stimulus IV: Last Chance for the Green New Deal?

https://www.masterresource.org/krebs-mark/stimulus-iv-green-new-deal/

Business Cronyism as Plunder: Bastiat Revisited

https://www.masterresource.org/political-capitalism/bastiat-on-cron...

Rent Seeking Goes Viral (competing energies seek special favor)

https://www.masterresource.org/rent-seeking/rent-seeking-gets-gross/

Green New Deal 2: “A Green Stimulus to Rebuild Our Economy” (the intellectual virus continues)

https://www.masterresource.org/green-new-deal/green-stimulus-corona...

“How Embarrassing. This Is a National Emergency” Wind and Solar try a 11th hour sneak

https://www.masterresource.org/coronavirus-covid-19-and-energy/wind...

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Comment by Willem Post on April 4, 2020 at 11:44am

Here is some organized plunder and subsidy chasing regarding air source heat pumps in energy hog house in Vermont.

This also applies to NH and ME

ENERGY ACTION NETWORK REPORT TO REDUCE CO2 IN VERMONT

http://www.windtaskforce.org/profiles/blogs/response-to-energy-acti...

 

Energy Action Network, an umbrella organization supported by RE entities, claims there would be $800 million in energy cost savings/y, if its recommendations to reduce CO2 by 2.281 million metric ton to meet the Paris Agreement were implemented by 2025. See page 4 of EAN URL

https://www.eanvt.org/wp-content/uploads/2020/03/EAN-report-2020-fi...

 

The measures are a multi-billion-dollar wish list of EAN members with a cost well over $15.536 billion during 2020 – 2025, about $3.107 billion/y. EAN members want these heavily subsidized measures, because it is good for RE businesses.

 

It took about 20 years (2000 – 2020) to achieve the existing conditions by spending about $210 million/y, including Efficiency Vermont. The level of annual spending to achieve Paris would be at least 10 times greater.

 

These measures would be major burdens on the Vermont people, businesses, ratepayers, taxpayers, etc., in addition to Vermont being in the middle of a major recession, with decreasing tax collections by state government (room & meals, sales, income, gasoline, etc.), due to the coronavirus.

All I see is:

 

- Costs of $15.536 billion during 2020 – 2025, about $3.107 billion/y

- CO2 reduction less than stated in the EAN report

- More wind, solar, hydro, etc., which need subsidies to build, plus Standard Offer/Net-metering subsidies to operate, increasing the average price/kWh of the Vermont electricity mix.

- Amortizing the cost of the short-life assets, at 3.5% over 15 years, would require annual payments of $1.333 billion, or $1.081 billion over 20 years, more than offsetting the $800 million/y energy cost savings.

http://www.windtaskforce.org/profiles/blogs/cost-shifting-is-the-na...

https://www.myamortizationchart.com

Table 7/Status

 Displ. Fuel

Fuel cost

 Elect. Cost

Energy cost

 Amort.

Total

Min. Loss

CO2

CO2

CO2

$2.75/gal

$0.19/kWh

5%/y, 15y

Reduction

Reduction

%

$/y

$/y

$/y

$/y

$/y

$/y

Mt/y

Mt/y

%

0

2,455

0

2,455

0

2,455

11.390

CADMUS

27.6

1,779

469

2,248

427

2,675

220

9.130

2.260

19.8

EAN

58.5

1,100

1153

2,017

949

2,966

665

6.885

4.505

39.6

100.0

0

2,277

2,277

1,898

4,175

1,719

4.262

7.128

62.6

Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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