Pubblicato in: Devoluzione socialismo, Unione Europea

I soliti maligni sussurrano che sia BlackRock triturare i socialisti europei.

Giuseppe Sandro Mela.

2020-05-13.

Giulio Romano. Mantova. Palazzo Te. Caduta dei Giganti. 002 Particolare

L’importante non è possedere.

L’importante è poter disporre.

«conta chi governa i consigli di amministrazione»

*


Blackrock. Mr Fink, il vero padrone del mondo.

Blackrock è la più grande società di investimenti a livello mondiale e gestisce direttamente oltre 6,300 miliardi di dollari. Ma questo è solo la punta di iceberg.

«Attraverso BlackRock Solutions – risultato di continui investimenti in sistemi tecnologici integrati altamente sofisticati – BlackRock offre soluzioni di gestione del rischio e piattaforme d’investimento ad un’ampia rosa di clienti istituzionali, detentori di un patrimonio complessivo di oltre 7.000 miliardi di dollari.»

Più tutto il resto.

Fondata da Robert S. Kapito e da Laurence Fink nel 1988, ha basato il suo successo su alcune semplicissime considerazioni.

– Una società di investimenti può ammaliare un potenziale cliente, ma se non lo fa guadagnare perde sia il cliente sia il suo entourage. I clienti soddisfatti sono fedeli e portano immediatamente altri clienti. Il guadagno assicurato è la migliore forma pubblicitaria possibile.

– Gli investimenti devono essere copiosi, fruttiferi e stabili nel tempo. Quindi, pochissimo mordi e fuggi. Solo investimenti strategici. La platea deve essere semplicemente il mondo.

– Tipicamente, si rileva un pacchetto di compartecipazione in una società produttiva sana. Non un pacchetto di maggioranza, sarebbe troppo oneroso, ma di dimensioni tali da poter nominare membri nel cda e da poter influenzare la condotta della società stessa.

– Le società delle quali BlackRock detiene una partecipazione azionaria formano un network virtuale di aziende sane e redditizie, che si spalleggiano le une con le altre. Per esempio, una società produttrice utilizzerà delle banche ove sia presente Blackrock, si servirà da fornitori Blackrock, venderà ad utilizzatori Blackrock.

– Ma la idea portante è utilizzare il denaro degli altri, ossia degli investitori, per ottenere il condizionamento del cda di una società, obbligandolo alla generazione di reddito da ripartire tra gli azionisti ed alle norme comportamentali su riportate. La conditio sine qua non è una gestione impeccabile di quanto conferito. A nessuno mai interesserà come il denaro sia investito purché esso frutti utili copiosi.

– La onestà di comportamento nei confronti degli investitori che hanno conferito il loro denaro da gestire è il cuore del comportamento di BlackRock, e ne condiziona eticamente ogni azione. Infatti nessun investimento dura nel tempo se è utilizzato in modo improprio.

– Nella realtà dei fatti, BlackRock ha introdotto una filosofia di investimenti volta sicuramente al profitto, ma molto di più al controllo: in altri termini, al potere.  Non solo. Se è difficile entrare nel suo organico, è facilissimo uscirne: le progressioni di carriera sono fortemente meritocratiche, basate solo sui risultati ottenuti. Si viene così a formare una scuola dirigenziale di elevato valore, che potrebbe in ogni momento transitare alla politica surclassando i classici candidati mediatici. In altri termini: è un nuovo modo di fare politica.

– Da ultimo, ma non certo per ultimo, Mr Fink ha il discretissimo accesso a tutte le inside di ciascuna azienda di cui BlackRock detiene azioni, e ce le ha ancora quando esse sono discusse. Un potere enorme, degno del servizio informativo di una grande superpotenza mondiale.

Mr Laurence Fink è il vero, reale quanto discreto, padrone del mondo.

* * * * * * *

Il 1° gennaio 2000 una azione BlackRock valeva 17.5$: oggi ne vale 501.02: un caso più unico che raro.

Ad oggi amministra e gestisce oltre 7,000 miliardi di Usd.

Adesso i liberal socialisti dell’europarlamento si stanno domandando se non sia BlackRock ad interferire con i loro programmi oramai dépassé, a partire dal ‘clima’.

*

«Recently, the European Commission selected BlackRock, one of the most powerful financial companies, which manages over €6 trillion in assets, and known to be a key investor in fossil fuels, to provide paid advice on the integration of social and environmental objectives into European banking regulation»

«Not a good match»

«Given the prominent role expected from private finance in the European Green Deal, we seem to be off to a bad start»

«According to the Green Deal, new rules are needed for banks – many of whom are major investors in fossil fuels»

«Dirty investments need to be discouraged, green investments must be facilitated»

«What BlackRock is now asked to do is to set the agenda for that debate, and they will even be paid €280,000 to influence the reform agenda for the financial sector.»

«They are awarded contracts from central banks, from governments all over the world and in the EU, it seems they have acquired a special status»

«That’s not a bad position for a financial powerhouse like BlackRock which is heavily invested in fossil-fuel companies and banks with big shares in a ‘brown economy’»

«It is the world’s biggest investor in fossil fuels with over $87.3bn in shares across the industry and share holdings in coal plant developers alone are worth $17.6bn.»

«Crucially, it has a stake in most big European banks»

«BlackRock’s advice runs the risk of being strongly-biased and could derail the debate on a crucial element of the EU’s strategy on sustainable finance.»

«the inclination of the European Commission to base its legislative proposals on banking regulation from advice from financial giants themselves.»

* * * * * * *

Poveri liberal socialisti europei!

Si credevano di essere i padroni luminari del mondo, di essere così forti da poter imporre a tutti la loro Weltanschauung, e stanno diventando segatura della storia.

Coronavirus seppellisce l’EU Green Deal. Riposa con i fu liberal.

Babis, PM ceko, vuole annullare il Green Deal per combattere il coronavirus.

New Industry Plan. Pochi fondi e niente green. Gli ululati dei liberals.

Romania. Il Green Deal è una ‘true religion’. Il gesto del dito.

Green Deal addio! Le Fiandre negano la firma del Progetto.

“Se il coronavirus contraddice il Green Deal,

tanto peggio per il coronavirus”.

Però si ricordi che

«The Green Deal needs EU unanimity to go ahead.»

*

Nota.

Il bilancio di BlackRock è trentacinque volte maggiore di quello dell’Unione Europea, e Mr Fink ne dispone a vista.

*

Is BlackRock setting agenda for EU climate policies?

Recently, the European Commission selected BlackRock, one of the most powerful financial companies, which manages over €6 trillion in assets, and known to be a key investor in fossil fuels, to provide paid advice on the integration of social and environmental objectives into European banking regulation. Not a good match.

Given the prominent role expected from private finance in the European Green Deal, we seem to be off to a bad start.

According to the Green Deal, new rules are needed for banks – many of whom are major investors in fossil fuels.

One of the arguments is that the risk inherent in such investments needs to be recognised fully in the rules, if we are to facilitate a transition to a greener economy.

Dirty investments need to be discouraged, green investments must be facilitated.

This makes the coming proposal on the integration of environmental, social and governance related objectives (ESG) into banking regulation, so important.

What BlackRock is now asked to do is to set the agenda for that debate, and they will even be paid €280,000 to influence the reform agenda for the financial sector.

That begs the question how BlackRock can be regarded as a consultant and advisor?

They are awarded contracts from central banks, from governments all over the world and in the EU, it seems they have acquired a special status.

Setting the agenda?

A couple of years back they provided the EU institutions for example with advice on EU stress tests for banks, and even participated in the auditing of banks. It advised the commission on the new EU Individual Retirement Savings Product (PEPP), and can enjoy the benefits of the market is being created.

And now this – a new contract on the environmental, social and social governance (ESG) is a new milestone in the category ‘conflicts of interest’.

That’s not a bad position for a financial powerhouse like BlackRock which is heavily invested in fossil-fuel companies and banks with big shares in a ‘brown economy’.

It is the world’s biggest investor in fossil fuels with over $87.3bn in shares across the industry and share holdings in coal plant developers alone are worth $17.6bn.

Crucially, it has a stake in most big European banks. For that, BlackRock has a vested interest in how, for example, environmental objectives are built into European banking rules.

These investments obviously have a bearing on the opinions voiced by BlackRock, and they steer the fund’s lobbying campaigns in the European Union and elsewhere.

By itself or in coalitions with other financial giants, it has spoken out consistently against a plethora of moves towards a more sustainable financial system, including some that are intimately linked with the consultancy work it is now paid to do for the commission.

It is not difficult to see the strong conflict of interest, and it can hardly have escaped the attention of the commission.

BlackRock’s advice runs the risk of being strongly-biased and could derail the debate on a crucial element of the EU’s strategy on sustainable finance.

The fact that BlackRock still won this contract, in spite of already having lobbied against strong rules on sustainable finance in the EU institutions, shows the EU commission accepting and facilitating undue influence from the financial sector.

It follows a classic pattern: the commission seems to believe that the perfect advisers are to be found in the ranks of the very sector that is under discussion.

In this way, the contract is only the tip of the iceberg.

It confirms a pattern that we have to do away with: the inclination of the European Commission to base its legislative proposals on banking regulation from advice from financial giants themselves.

There is now a lot of protest building, both inside the European Parliament and outside.

A group of MEPs from groups representing a comfortable majority have started challenging the commission, and almost one hundred civil society organisations ask in a joint letter, coordinated by the Change Finance coalition, that the European Commission cancels the contract.

Pubblicato in: Devoluzione socialismo, Senza categoria, Unione Europea

Romania. Elezioni politiche in autunno. Sondaggi elettorali.

Giuseppe Sandro Mela.

2020-05-04.

2020-04-20__Romania Sondaggi 001

Questo autunno dovrebbero tenersi le elezioni politiche in Romania.

2020-04-20__Romania Sondaggi 002

La situazione rumena interessa l’Italia molto più di quanto possa sembrare a prima vista.

A seguito di tutti gli accadimenti che sono recentemente successi nell’Unione Europea, non da ultimo la crisi economica indotta dall’epidemia da coronavirus, il parlamento europeo ha perso molto del pregresso potere politico, essendosi il Consiglio Europeo riappropriato delle proprie prerogative di governo. Ma la Romania siede a pieno diritto nel Consiglio ed il suo voto può pesare anche molto in questo periodo travagliato.

La Romania si appresta infatti a voltare pagina.

Nelle elezioni dell’11 dicembre 2016 il partito socialista aveva ottenuto il 45.5% dei voti, e con essi il governo della nazione. Fu una conduzione travagliata: alle elezioni europee del 26 maggio 2019 il psd era crollato al 22.5%, superato al pnl con il 27.0%. Il 10 ottobre dello stesso anno il governo della socialista sig.ra Dăncilă si vide negare la fiducia parlamentare.

Molto ha pesato lo scandalo della Laura Codruta Kövesi, molto il malgoverno socialista.

Finalmente, il 10 marzo il parlamento ha accodato la fiducia a Ludovic Orban, del pnl.

Romania. Ludovic Orban riceve voto di fiducia e Iohannis dichiara l’emergenza.

Ma la Romania aveva compiuto anche grandi passi avanti dal punto di vista economico.

Romania. Pil anno su anno +4.4%.

Romania. Il Green Deal è una ‘true religion’. Il gesto del dito.

«The European Green Deal has been perceived as an obligation imposed by the EU on Romania, with the prime minister arguing that in Brussels the Green Deal is “a true religion”.»

Romania and Hungary clash over Black Sea gas distribution

Romania. È energeticamente autosufficiente ed esporta gas naturale.

* * * * * * *

Negli ultimi sondaggi di propensione al voto il pnl avrebbe una larga affermazione, dal 37% al 47%, mentre il partito socialista risulterebbe essere dimezzato al 23.9%.

Sarebbe una grande mutazione degli orientamenti politici, specie poi in sede di Consiglio Europeo.

Pubblicato in: Devoluzione socialismo, Unione Europea

Green Deal addio! Le Fiandre negano la firma del Progetto.

Giuseppe Sandro Mela.

2020-04-09.

Belgio 003

La Commissione Europea scrive così:

A European Green Deal.

«Striving to be the first climate-neutral continent.

Climate change and environmental degradation are an existential threat to Europe and the world. To overcome these challenges, Europe needs a new growth strategy that transforms the Union into a modern, resource-efficient and competitive economy where

– there are no net emissions of greenhouse gases by 2050

– economic growth is decoupled from resource use

– no person and no place is left behind

The European Green Deal is our roadmap for making the EU’s economy sustainable. This will happen by turning climate and environmental challenges into opportunities across all policy areas and making the transition just and inclusive for all.»

*

European Green Deal.

European Green Deal Investment Plan and the Just Transition Mechanism.

Proposal for a European climate law.

European Climate Pact.

Circular Economy Action Plan.

Clean energy.

* * * * * * *

Lo European Green Deal era il fiore all’occhiello dei liberal socialisti dell’europarlamento.

Chi non ricorda le esternazione della piccola, dolce Greta?

Unione Europea. Il Green Deal passa attraverso i finanziamenti al gas.

«In the Green Deal Resolution adopted in January, Parliament stressed the importance of modern, clean, secure and smart new energy infrastructure for delivering the European Green Deal»

«We need electricity infrastructures and innovative technologies such as smart grids, offshore wind and hydrogen that works»

«At the end of the debate, Simpson said the Commission is committed to make Europe the first carbon-neutral continent by 2050»

*

Coronavirus seppellisce l’EU Green Deal. Riposa con i fu liberal.

«This year was supposed to make a difference in the international fight against climate change.»

«But the spreading of the coronavirus and the related economic slowdown might overshadow climate change as a priority – for both decision-makers and citizens»

«Even worse, the disease could be used to postpone structural reforms needed to achieve climate neutrality by 2050 – the long-term goal of the Green Deal»

Babis, PM ceko, vuole annullare il Green Deal per combattere il coronavirus.

New Industry Plan. Pochi fondi e niente green. Gli ululati dei liberals.

Romania. Il Green Deal è una ‘true religion’. Il gesto del dito.

* * * * * * *

Se è vero che il coronavirus ha ucciso il Green Deal, è altrettanto vero che la Regione delle Fiandre gli ha scritto la lapide tombale. È la fine di un delirio schizofrenico.

*


EU Observer. Belgian region to block EU Green Deal.

The EU’s Green Deal, a flagship project on CO2-neutrality, could be blocked by Flanders, a Belgian region, on grounds it did not address the pandemic-related economic crisis.

“Flanders cannot give its agreement to the signature,” Zuhal Demir, the regional climate minister from the nationalist NVA party, said on Wednesday.

Belgium is a federation of three entities, including also Wallonia and Brussels. The Green Deal needs EU unanimity to go ahead.»

* * * * * * *

Lo European Green Deal era il fiore all’occhiello dei liberal socialisti dell’europarlamento: era lo scopo della loro vita.

Il diavolo fa le pentole, ma non i coperchi, e si nasconde nei particolari.

«The Green Deal needs EU unanimity to go ahead.»

È finita l’epoca della ‘religion’ green.

Pubblicato in: Devoluzione socialismo, Medicina e Biologia, Unione Europea

Sinistre europee. ‘No better time to go green’. Green è la panacea.

Giuseppe Sandro Mela.

2020-04-03.

Animali_che_Ridono__006_Muli

Occorre dare atto ai liberal socialisti di non deflettere di un micron dalla loro ideologia.

Se il coronavirus contraddice l’ideologia liberal, tanto peggio per il coronavirus.

«For European governments battling to brace economies pummeled by the coronavirus, there might be no better time to go green.»

*

«As Europe fights coronavirus and climate, is ‘green stimulus’ the way?»

«For European governments battling to brace economies pummeled by the coronavirus, there might be no better time to go green.»

«Many also face the challenge of ploughing billions of euros into climate schemes to keep carbon reduction pledges.»

«For budget hawks preparing to throw out the traditional fiscal rule book to fight the pandemic, green bonds – raising debt for funding projects such as renewable energy and public transport – might be a palatable option»

«Britain, meanwhile, has promised to pay 80% of wages for employees facing layoffs as a result of lockdown measures, to be funded by selling more debt»

«The rationale for green gilts is to target projects which actively contribute to the aspiration to bring greenhouse gas emissions to net zero by 2050»

«Those projects should be part of green infrastructure spending and associated with fiscal stimulus»

* * * * * * *

Riassumendo il pensiero liberal, è inutile spendere un sacco di soldi per combattere il coronavirus e per cercare di risollevare i sistemi economici vulnerati: si investa nel green e tutto andrà per il meglio.

Si potrebbe dire che questo sia la panacea contro la pandemia.

*


Reuters. As Europe fights coronavirus and climate, is ‘green stimulus’ the way?

For European governments battling to brace economies pummeled by the coronavirus, there might be no better time to go green.

Normally thrifty countries, such as Germany, accept they will have to spend heavily to weather the economic shock of the coronavirus. Many also face the challenge of ploughing billions of euros into climate schemes to keep carbon reduction pledges.

Could “green stimulus” be the answer?

For budget hawks preparing to throw out the traditional fiscal rule book to fight the pandemic, green bonds – raising debt for funding projects such as renewable energy and public transport – might be a palatable option.

Coronavirus has taken some focus away from environmental issues but pressure is now mounting to design spending around climate change. On Tuesday, UK government adviser Chris Stark urged governments to “look to green stimulus”.

Germany is pulling out the stops, eyeing around 350 billion euros of new debt to finance stimulus. Europe’s biggest economy separately aims to cut greenhouse gas emissions to 55% of 1990 levels by 2030.

Britain, meanwhile, has promised to pay 80% of wages for employees facing layoffs as a result of lockdown measures, to be funded by selling more debt. It has also previously pledged to bring carbon emissions to almost zero by 2050.

Simon Bond, director of responsible investment portfolio management at London-based Columbia Threadneedle, wrote last year to the UK Treasury urging it to issue “green gilts”.

He said now was the time to roll them out given the pressing need for stimulus due to the virus outbreak.

“The rationale for green gilts is to target projects which actively contribute to the aspiration to bring greenhouse gas emissions to net zero by 2050,” Bond told Reuters. “Those projects should be part of green infrastructure spending and associated with fiscal stimulus.”

GREEN YIELD CURVE

So far governments have been relatively slow to embrace green debt; there are just 12 sovereign green bond issuers worldwide, amounting to less than a tenth of the green bond market, which also includes debt from companies and other entities and saw $250 billion in new issuances last year.

But debt agencies say change is on its way.

Germany plans to issue a green bond in the second half of 2020 as does Italy; other candidates are Spain, Sweden, Denmark and Britain.

Germany’s debt agency told Reuters its green bond plans would go ahead despite the coronavirus outbreak. It has just published an update, announcing Germany would “substantially strengthen and decisively develop” the green and sustainable investment market.

It also hopes to establish a green yield curve for the euro area, as its chart below shows.

‘GREEN AGENDA GROWING’

Green bonds currently comprise less than 0.1% of total sovereign debt, according to S&P Global. Given governments have some $9 trillion of outstanding debt worldwide, going green on even a small portion of that would give the market a huge boost.

What’s held them back so far is fear that green bonds will damage mainstream issuance programs by stealing trading volumes from those markets, eventually raising overall borrowing costs, officials from five European debt agencies told Reuters.

It could also further fragment a market already thinned out by the European Central Bank’s asset purchase program.

Even in Britain, home to a $2 trillion gilt market, debt agency chief, Robert Stheeman, has expressed doubts that issuing green gilts would be cost effective.

But debt agencies have come up with strategies that could allow green borrowing without the associated risks.

Denmark is considering an issue whose proceeds may not be earmarked directly for environmental projects but would come with a pledge for equivalent green spending, said Thorsten Meyer Larsen, head of monetary policy operations and government debt at Denmark’s central bank.

Under this idea, it would attach a green certificate to a standard government bond.

“Everyone can see that the green agenda is growing and we want to be part of that, but not in a way that’s detrimental to our existing bonds and bondholders,” Meyer Larsen said.

“So if you buy that (equivalent spending) idea then that’s a bit more straightforward.”

INVESTMENT CLAMOR

Germany is, meanwhile, exploring an option to sell twin bonds: so a green issue with the same maturity and coupon as its conventional peer and replacing part of the conventional bond’s auction volume, according to a market participant with knowledge of the country’s plans.

The person said that during a crisis, perhaps like the ongoing volatility, investors could switch from the green bond to the conventional issue, which would have better trading volumes.

Liquidity tends to be less concerning for companies as they rely less on bond markets for their funding, said Geraint Thomas, EMEA head of green loans and bonds at MUFG.

But concerns of green bond programs boosting borrowing costs may be unfounded, according to some analysts and investors.

The investment industry is clamoring for green securities, as pension funds, sovereign investors or family offices request more environmentally friendly securities. Demand for top-rated sovereign names is likely to be high.

Bram Bos, lead portfolio manager of green bond strategy at NN Investment Partners, also expects the stimulus programs to bring more governments to the market, raising its size.

“More green expenditure could lead to more green bond issuance and less concerns around liquidity of green bonds.”

Pubblicato in: Devoluzione socialismo, Unione Europea

Coronavirus seppellisce l’EU Green Deal. Riposa con i fu liberal.

Giuseppe Sandro Mela.

2020-03-25.

Cigni Neri 001

«This year was supposed to make a difference in the international fight against climate change.»

«But the spreading of the coronavirus and the related economic slowdown might overshadow climate change as a priority – for both decision-makers and citizens»

«Even worse, the disease could be used to postpone structural reforms needed to achieve climate neutrality by 2050 – the long-term goal of the Green Deal»

«Earlier this week, the prime minister of the Czech Republic, Andrej Babiš, said that “Europe should forget about the Green Deal now and focus on the coronavirus instead”»

«Yet, the pandemic has created a major economic shock in Europe that is likely to slow down international negotiations to fight climate change»

«The rise in public deficit, but also company debt, might reduce funding and investments in climate change mitigation and adaptation»

«The commission presented its Green Deal investment plan at the start of this year aiming to mobilise at least one trillion euros of investments in the next decade»

«To improve long-term public and planetary health, we need to invest in a just transition away from fossil fuel dependency, to protect forests, change farming practices and radically redesign our cities»

«The coronavirus crisis demonstrates that governments can and should use strong measures if they want to induce changes in individual and collective behaviours for the common good»

«this assertive approach could also be applied to tackle climate change»

«the reduction of water traffic in Venice has drastically improved the quality of the water in its famous canals, where residents have reported spotting dolphins, swans and fishes»

* * * * * * *

Per quello che ancora potrebbero contare, i liberal socialisti europei parlano tramite l’allegato articolo comparso sulla loro testata EU Observer.

Si contristano che la crisi sanitaria indotta dall’epidemia da coronavirus sia presa a pretesto per togliere i finanziamenti all’European Green Deal. Infatti, a loro modo di vedere,

«To improve long-term public and planetary health, we need to invest in a just transition away from fossil fuel dependency, to protect forests, change farming practices and radically redesign our cities».

In altri termini, abolire la dipendenza dai combustibili fossili migliorerebbe la salute pubblica più che la lotta all’epidemia da coronavirus.

Ringraziando il Cielo, i liberal socialisti non siedono pi nella stanza dei bottoni: lascerebbero crepare la gente e chiudere il comparto produttivo pur di attuare i dettami della loro ideologia. I morti non inquinano.

Babis, PM ceko, vuole annullare il Green Deal per combattere il coronavirus.

New Industry Plan. Pochi fondi e niente green. Gli ululati dei liberals.

Romania. Il Green Deal è una ‘true religion’. Il gesto del dito.

*

“Se il coronavirus contraddice il Green Deal,

tanto peggio per il coronavirus”.

*


Will coronavirus torpedo the Green Deal?

This year was supposed to make a difference in the international fight against climate change.

But the spreading of the coronavirus and the related economic slowdown might overshadow climate change as a priority – for both decision-makers and citizens.

Even worse, the disease could be used to postpone structural reforms needed to achieve climate neutrality by 2050 – the long-term goal of the Green Deal.

Earlier this week, the prime minister of the Czech Republic, Andrej Babiš, said that “Europe should forget about the Green Deal now and focus on the coronavirus instead”.

However, according to the European Commission, the recently-announced climate law was, in fact, designed to avoid that climate action is side-lined by more pressing and immediate challenges.

“As we said when we presented the Green Deal, in the long-term the cost of non-action is higher than the cost of action – in purely economic terms and in terms of our health and that of our planet,” a commission spokesperson told EUobserver on Thursday (19 March).

So far, two pillars of the Green Deal – the biodiversity and farm-to-fork strategies – have been potsponed, until 29 March.

Meanwhile on Thursday (19 March) British foreign minister Dominic Raab said the UN climate talks (COP26) scheduled for Glasgow, Scotland, for November, will go ahead as planned, although the event was “under closed review”.

“We would, of course, want it to go ahead but I can’t give you any guarantee on that,” he said.

Speaking at a conference in New York, also on Thursday, UN secretary-general António Guterres said: “In managing this crisis we have a unique opportunity, we can seek a recovery towards a more sustainable and inclusive path.”

Yet, the pandemic has created a major economic shock in Europe that is likely to slow down international negotiations to fight climate change.

Public and private debt problems

“The rise in public deficit, but also company debt, might reduce funding and investments in climate change mitigation and adaptation,” said Thorfinn Stainforth, a policy analyst at the think tank Institute for European Environmental Policy (IEEP).

For instance, it took more than five years for levels of green investments to recover after the 2008 crisis.

However, the macroeconomic response to the crisis could be turned into an opportunity to launch a ‘Green Marshall Plan’ that accelerates the transition towards carbon neutrality while supporting the return to prosperity, Stainforth added.

The commission presented its Green Deal investment plan at the start of this year aiming to mobilise at least one trillion euros of investments in the next decade.

“But the need to support these investments is as urgent as ever, as they will also help to generate economic growth and jobs as we come out of the current crisis,” a commission spokesperson warned.

According to the spokesperson of NGO Greenpeace, John Hyland, “public health and planetary health are intimately connected and must be addressed together”.

“To improve long-term public and planetary health, we need to invest in a just transition away from fossil fuel dependency, to protect forests, change farming practices and radically redesign our cities,” he added.

“A failure to do so would condemn future generations to devastating consequences. As they’ve done in relation to the COVID-19 crisis, governments and the EU would do well to listen to the scientists,” he also said.

Similarly, the CEO of the European Climate Foundation, Laurence Tubiana, said on Wednesday that “we should try to avoid going back to business as usual” since this crisis offers a reflection on the different style of life that people want to have.

However, innovation will be needed to maintain the discussion going on, said Tubiana.

‘Can’t go back to business-as-usual’

Likewise, the coronavirus outbreak has shown the capacity of citizens and policy-makers to respond to a crisis, as well as the ability of cooperation and solidarity in the international community.

“The coronavirus crisis demonstrates that governments can and should use strong measures if they want to induce changes in individual and collective behaviours for the common good,” said Stainforth, who believes that this assertive approach could also be applied to tackle climate change.

While it is expected that air quality will improve dramatically across Europe thanks to the reduction of transport and industry production, the European Public Health Alliance (EPHA) warned earlier this week that those living in polluted cities are more at risk from coronavirus.

“The air may be clearing in Italy, but the damage has already been done to human health and people’s ability to fight off infection,” the EPHA acting secretary-general Sascha Marschang warned.

Meanwhile, the reduction of water traffic in Venice has drastically improved the quality of the water in its famous canals, where residents have reported spotting dolphins, swans and fishes.

The reduction in consumption and transportation linked to lockdown measures and restrictions of movement is also likely to result in an overall reduction in household carbon footprints.

And, greenhouse gas emissions have sharply decreased in China and certain European regions.

However, this might not last long if stakeholders return to business-as-usual once this crisis is over.

Pubblicato in: Devoluzione socialismo, Medicina e Biologia, Unione Europea

Babis, PM ceko, vuole annullare il Green Deal per combattere il coronavirus.

Giuseppe Sandro Mela.

2020-03-18.

Repubblica Ceka 002

Il discorso di Mr Andrej Babis, primo ministro della Repubblica Ceka, gronda sano buon senso.

Di fronte alla emergenza sanitaria, sociale ed economica indotta dalla pandemia da coronavirus, l’Unione Europea dovrebbe dimenticarsi del Green Deal e concentrare tutte le possibili risorse per combattere questa emergenza in atto.

I mille miliardi del Green Deal potrebbero almeno lenire in parte questa crisi, vera e propria emergenza.

«Announced in December, Europe’s Green New Deal seeks to invest €1 trillion ($1.1 trillion) on the road to making the EU economy net-zero carbon by 2050»

«This would include a huge offshore wind build-out, accelerated electrification of heat and transport, the development of large-scale carbon capture projects and hydrogen storage and infrastructure»

«But from the start, the plan came under heavy scrutiny from the coal-heavy Czech Republic, Hungary and Poland, and the COVID-19 crisis appears to have opened a new avenue for attack»

«“Europe should forget about the Green Deal now and focus on the coronavirus instead,” Babiš told reporters on Monday»

«The price of oil has fallen to multiyear lows with no end in sight, potentially changing the way the oil majors think about their future»

«After the economic impact of this virus, we’ll need to try to kick-start the economy in some way»

«Unfortunately, renewable energy rollouts and decarbonization plans risk [being] slowed down or delayed, as governments are addressing other and more urgent priorities»

* * * * * * *

Riassumiamo.

Le risorse disponibili sono poche e l’emergenza indotta dall’epidemia da coronavirus sta causando danni economici che i tedeschi, per la sola Germania, hanno stimato essere attorno ai 550 miliardi. Corca 2,000 per l’Unione Europea.

I sistemi sanitari nazionali sono sotto stress e richiedono larghe risorse.

Nel complesso, la proposta avanzata da Mr Babis apparirebbe essere del tutto ragionevole.

Manco a dirlo, i liberal socialisti non la hanno presa per nulla bene, ma ci faranno la abitudine.

*


Europe should forget about Green Deal, focus on coronavirus -Czech PM

PRAGUE, March 16 (Reuters) – The European Union needs to focus on its fight to contain the coronavirus outbreak and “forget about” its Green Deal initiative for now, Czech Prime Minister Andrej Babis said Monday.

*


Coronavirus hits home; Oil shocks threaten green investments; EU carbon tax plan falters.

«Banks and investors are scrambling to understand how rock-bottom oil and gas prices will affect renewable energy development. With fossil fuel prices plummeting, some analysts fear that governments will scrap their plans to spend on renewable projects in favour of cheap oil and gas. While the EU is likely to push ahead with renewable energy development, China and India face increasing demands for energy.

The economics of a transition from oil and gas to renewables are becoming less favourable.»

*


Czech PM urges EU to ditch Green Deal amid virus.

The Czech premier, whose country depends on nuclear energy and coal, said Monday (16 March) the European Union should ditch its landmark green law seeking carbon neutrality as it battles the novel coronavirus.

“Europe should forget about the Green Deal now and focus on the coronavirus instead,” Prime Minister Andrej Babiš told reporters, without explaining how the two are connected.

“Europe is now the biggest epicentre of the coronavirus in the world,” the billionaire populist added.

The EU unveiled a draft of the Green Deal earlier this month, mandating members to achieve net zero greenhouse emissions by 2050.

But ex-communist EU members like the Czech Republic have announced much less ambitious plans as their energy sectors are still largely dependent on coal.

The Czech Republic has registered 344 cases of COVID-19, including three recovered patients. No one has died of the disease in the country of around 11 million people.

The Czech Republic recently closed its borders as well as schools, most shops and cultural facilities and restricted free movement.

Earlier Monday, the government sent a special military plane to China to collect coronavirus test kits, and Babiš said another seven planes should follow suit.

He praised China for its handling of the contagion.

“Now that the epidemic is nearly over in China, the country is once again the biggest producer of medical material and the entire planet is going shopping in China,” said Babiš.

“We really have a lot to learn from China.”

*


EU Green Deal Should Be Canceled Because of Coronavirus, Czech PM Says

Will COVID-19 be a reason to accelerate or slow Europe’s energy transition? The battle lines are already being drawn.

The Czech Republic’s prime minister, Andrej Babiš, has said the European Union should abandon its Green Deal and focus on fighting the spread of the coronavirus in an early sign of policy battles ahead.

Announced in December, Europe’s Green New Deal seeks to invest €1 trillion ($1.1 trillion) on the road to making the EU economy net-zero carbon by 2050. This would include a huge offshore wind build-out, accelerated electrification of heat and transport, the development of large-scale carbon capture projects and hydrogen storage and infrastructure.

But from the start, the plan came under heavy scrutiny from the coal-heavy Czech Republic, Hungary and Poland, and the COVID-19 crisis appears to have opened a new avenue for attack.

“Europe should forget about the Green Deal now and focus on the coronavirus instead,” Babiš told reporters on Monday.

Hungary and the Czech Republic had called for more support to transition away from fossil fuels. As it stands, funding for that process totals €100 billion.

An excuse for a green stimulus?

Even in these early days of the global pandemic, questions are being asked about whether the crisis will help to accelerate the push toward lower-carbon energy resources or slow it down. The price of oil has fallen to multiyear lows with no end in sight, potentially changing the way the oil majors think about their future.

“This whole crisis could eventually springboard a greater push toward a green economy,” said Brian Gaylord, principal analyst for Latin America and Southern Europe at Wood Mackenzie Power & Renewables.

“After the economic impact of this virus, we’ll need to try to kick-start the economy in some way. You’ll see a potential way of trying to make the economies really push more drastic, more concerted efforts toward the energy transition.”

But for now, Gaylord said, governments are “just trying to keep the lights on.”

The International Monetary Fund has issued three recommendations to protect economies against the impacts of the virus. It calls on banks to be flexible in their approach to debtors, central banks to pull their various levers including slashing interest rates and finally, for wide-ranging stimulus packages.

Europe’s Green Deal could provide something for a stimulus package to coalesce around. But as the remarks from the Czech prime minister make clear, there will be an instinct from others in government to move in a different direction.

“Unfortunately, renewable energy rollouts and decarbonization plans risk [being] slowed down or delayed, as governments are addressing other and more urgent priorities,” Daniel Atzori, research partner at Cornwall Insight, said in press statement.

“Hopefully, decarbonization will be a key element of economic stimulus packages that will be implemented during and after this crisis. The fact that interest rates are going to remain low will help renewable projects to access low-cost financing.”

BP sticking to its guns on net-zero emissions

BP is perhaps the highest-profile company undergoing its own energy transition. It is currently facing the twin crises of collapsed oil prices and COVID-19, which is also depressing demand. Last month it revealed its intention to work toward achieving net-zero emissions by 2050, including the impact of the emissions from its products (termed Scope 3 emissions). Details on how the company will get there are slated to be laid out in September.

In a blog post on LinkedIn, CEO Bernard Looney said this priority would not be dropped.

“Some people have also questioned how the current circumstances affect our purpose and net-zero ambition. I can understand why they might ask that. But to me, I think what is going on now only reaffirms the need to reinvent our company. And we will.”

Pubblicato in: Devoluzione socialismo, Materie Prime, Unione Europea

Romania. È energeticamente autosufficiente ed esporta gas naturale.

Giuseppe Sandro Mela.

2020-03-16.

2020-03-09__romania__001

Romania. Lo speaker Florin Iordache fa il gesto del dito ai gerarchi della EU, in europarlamento.

*

Romania. Pil anno su anno +4.4%.

Romania. I gerarchi EU la odiano per motivi di sordida bottega.

Romania seeking energy independence [2014-04-28]

«Romania is said to be sitting on Europe’s second-largest shale gas reserves. It’s turned to controversial hydraulic fracturing or “fracking” in a big way to unlock that gas and guarantee energy independence.»

Romania and Hungary clash over Black Sea gas distribution

«Gas deposits off Romania’s coast worth billions of dollars have drawn the country into an economic row with Hungary. The EU is aiming to reduce its energy dependence on Russia, and Budapest wants to play a key role. …. Over the last few years, massive natural gas deposits have been discovered off Romania’s Black Sea coast. Conservative estimates suggest they hold at least 40 billion cubic meters (142 billion cubic feet) of gas; others say they could hold as much as 200 billion cubic meters — enough to cover Romania’s energy needs for decades and even turn the country into an energy exporter.  …. As is so often the case with major international energy sector projects, BRUA has had its share of controversies. At present, Romania and Hungary are embroiled in a legal dispute over Romania’s offshore gas rights and the volume of projected deliveries to Hungary via the BRUA pipeline.

Romania offshore gas law plays with fire [2018-11-20]

«As a new offshore oil and gas exploration law comes into force in Romania, the EU nation’s promise of becoming a key gas producer in Europe could be threatened. Not that Bucharest seems bothered.

Romania’s untapped oil and gas potential of up to 200 billion cubic meters, or bcm, in the Black Sea has attracted the interest of the world’s oil and gas majors, including US giant ExxonMobil and Austria’s OMV Petrom.

Romania already covers almost all its gas use from its domestic onshore production and could double that over the next two decades when — or perhaps now if — offshore sources are added to supply.

The Eastern European country produces 10.5 bcm of gas a year, mostly onshore, and consumes 11-12 bcm, making it largely independent of Russian gas, something others in the region can only envy. Other EU members are in fact scrambling to define coherent energy strategies that don’t make them too reliant on Russian imports, hence the spike in interest in Romania, as well as US and Norwegian gas.»

* * * * * * *

Ricapitoliamo.

Al momento attuale la Romania consuma 11 – 12 bcm, billion cubic meter, di gas naturale, producendone 10.5 bcm: è praticamente autosufficiente.

Detto con parole che non si dovrebbero dire, non è più ricattabile energeticamente da parte dell’Unione Europea.

Può abbastanza facilmente diventare però anche un produttore che esporta.

«Hungary was the first to sign up for Romania’s Black Sea gas after Budapest agreed with US firm ExxonMobil for deliveries starting in 2022, covering half of Hungary’s yearly gas consumption of 10 bcm.»

Così, Romania ed Ungheria non dipenderebbero più dal gas russo, specie da quello che fluisce dal Nord Stream attraverso la Germania, che potrebbe sempre chiudere i rubinetti.

«But Romanian state-owned gas transporter Transgaz must first finish phase two of the BRUA gas pipeline that would enable gas transports from Romania to Hungary to reach 4.4 bcm a year»

* * * * * * *

«EU accepts Transgaz’s commitments to facilitate natural gas exports from Romania»

«Transgaz has committed to make available to the market significant firm capacities for natural gas exports from Romania to neighbouring Member States, in particular Hungary and Bulgaria»

«More specifically, Transgaz has committed to make available minimum export capacities of 1.75 billion cubic metres per year at the interconnection point between Romania and Hungary (Csanádpalota)»

«This capacity is equivalent to around one sixth of Hungary’s annual gas consumption»

«It has also committed to make available minimum export capacities totalling 3.7 billion cubic metres per year at two interconnection points between Romania and Bulgaria (Giurgiu/Ruse and Negru Vodă I/Kardam). This capacity covers more than half of Bulgaria and Greece’s annual gas consumption.»

Conclusione.

– La Romania è diventata non solo energeticamente indipendente, ma anche grande esportatrice di gas naturale ai paesi limitrofi: Ungheria, Bulgaria e Grecia.

– Se la Commissione ha dovuto avallare questo dato di fatto, i liberal socialisti dell’europarlamento hanno dovuto ingoiare un boccone amaro, rancido: la Romania e gli altri stati sono sempre meno ricattabili economicamente.

– Questa è un’altra grande vittoria degli identitari sovranisti.

*


EU accepts Transgaz’s commitments to facilitate natural gas exports from Romania.

Transgaz has committed to make available to the market significant firm capacities for natural gas exports from Romania to neighbouring Member States, in particular Hungary and Bulgaria, the European Commission said.

“Transgaz has committed to make available capacities at interconnection points for increased natural gas exports from Romania to Hungary and Bulgaria,” Commission Executive Vice-President in Charge of Competition Policy Margrethe Vestager said, adding that this will promote the free flow of gas at competitive prices in South Eastern Europe and is a further step towards a single European energy market. “Consumers across the region will benefit from greater security of supply of a key transition fuel towards the ultimate objective of an emissions free energy mix, in line with the European Green Deal,” she added.

The Commission announced a formal investigation in June 2017 to assess whether Transgaz, the state-controlled natural gas transmission system operator in Romania, infringed EU antitrust rules by restricting exports of natural gas from Romania. In particular, the Commission was concerned that Transgaz may have carried out such restrictions by underinvesting in or delaying construction of infrastructure for gas exports and interconnection tariffs for gas exports that made exports commercially unviable, using unfounded technical arguments as a pretext for restricting exports.

These restrictions may have maintained or created barriers to the cross-border flow of natural gas from Romania, one of the EU’s largest natural gas producers, to Hungary and Bulgaria, contrary to the objective of an integrated Energy Union where energy flows freely across borders directed by competitive forces and based on the best possible use of resources, the Commission said.

Following the opening of the formal investigation, Transgaz offered commitments to address the Commission’s concerns. The Commission then consulted market participants to verify whether the proposed commitments would remove the competition concerns identified by the Commission.

In light of the market test, Transgaz has made some amendments to its proposed commitments, the Commission said, adding that the final commitments will ensure that market participants can access significant volumes of export capacities via the interconnection points between Romania and neighbouring Member States. More specifically, Transgaz has committed to make available minimum export capacities of 1.75 billion cubic metres per year at the interconnection point between Romania and Hungary (Csanádpalota). This capacity is equivalent to around one sixth of Hungary’s annual gas consumption. It has also committed to make available minimum export capacities totalling 3.7 billion cubic metres per year at two interconnection points between Romania and Bulgaria (Giurgiu/Ruse and Negru Vodă I/Kardam). This capacity covers more than half of Bulgaria and Greece’s annual gas consumption.

Moreover, Transgaz also committed to ensure that its tariff proposals to the Romanian national energy regulator (ANRE) will not discriminate between export and domestic tariffs in order to avoid interconnection tariffs that would make exports commercially unviable.

Finally, the Romanian company committed to refrain from using any other means of hindering exports.

The final commitments provide for significant additional capacity compared to the market-tested commitments, in particular to Hungary, by including capacities envisaged for the Romanian section of the first phase of the Bulgaria-Romania-Hungary-Austria (BRUA) gas pipeline project, the Commission said, stressing that, as a result, Transgaz’s participation in this project will also be subject to legally binding deadlines.

According to the Commission, the commitments will remain in force until 31 December 2026. A trustee will be in charge of monitoring the implementation and compliance with the commitments.

The Commission said the amended commitments address the identified competition concerns and therefore has made them legally binding on Transgaz.

Pubblicato in: Devoluzione socialismo, Unione Europea

Commissione Europea. Altre accuse dei liberal socialisti. Ma c’è la crisi.

Giuseppe Sandro Mela.

2020-03-15.

EP-051364A_Tajani_Brexit
Opening the debate on BREXIT

I liberal socialisti dell’Unione Europea hanno esternato il loro giudizio sui primi cento giorni della Commissione Europea, attraverso un articolo comparso su EU Observer.

«First 100 days: Digital and Green Deal policies hit by crises»

«”We have the duty to act and the power to lead,” the president of the European Commission, Germany’s Ursula von der Leyen»

«However, the agenda of the commission since then has, in fact, been directly impacted by massive and immediate international circumstances»

«”Today, we are in the middle of a deep dilemma,”»

«Finding a solution means relieving pressure on the border while ensuring that the individual right to request asylum is respected»

«The first three months of the commission has also been marked by the crisis of the coronavirus – which has seen over 11,000 cases and 400 deaths in Europe»

«The spread of this virus not only has a vast impact on people’s lives but also on our economy»

«However, she warned that without the EU’s planned next seven-year budget, the commission will not be able to respond accordingly to the challenges. ….”Without a new budget, we are running short of flexibility,»

«The von der Leyen Commission’s main objective is to achieve climate neutrality by 2050, but this approach did not manage to convince everyone – including member state Poland»

«Meanwhile, the commission is due to present on Tuesday (10 March) its new industrial strategy, to boost EU companies while reducing the barriers of the single market»

* * * * * * *

L’Unione Europea è entrata in una fase di stagnazione regressiva del sistema economico. Politicamente è divisa da visione opposte e molti stati presentano uno stallo gestionale dovuto alla frammentazione dei partiti politici.

Su questa situazione traballante ed incerta si sono abbattute la crisi del coronavirus, che sta bloccando mobilità e produzione, la crisi petrolifera, che ha sostenuto il lunedì nero, quando le borse europee sono crollate, e le tensioni dei migranti al confine greco – turko.

Per essere brutalmente chiari, la crisi attuale impone che l’Unione Europea prenda provvedimenti per cercare di contenere lo sfacelo economico e non ha risorse da impiegare per il Green Deal e per le altre istanze che stanno così a cuore dei liberal socialisti.

*


First 100 days: Digital and Green Deal policies hit by crises

“We have the duty to act and the power to lead,” the president of the European Commission, Germany’s Ursula von der Leyen, told MEPs before her team of commissioners took office late last year.

At the core of von der Leyen’s pre-election campaign was her commitment to using her first 100 days in office to respond to the digital and environmental transitions.

However, the agenda of the commission since then has, in fact, been directly impacted by massive and immediate international circumstances.

“Today, we are in the middle of a deep dilemma,” admitted von der Leyen on Monday (9 March) referring to the ongoing emergency on the Greek border where thousands of refugees have attempted to enter Europe after Turkish president Recep Tayyip Erdoğan said he was “opening the doors”.

“This is a very acute situation. Finding a solution means relieving pressure on the border while ensuring that the individual right to request asylum is respected,” she added.

The first three months of the commission has also been marked by the crisis of the coronavirus – which has seen over 11,000 cases and 400 deaths in Europe.

“We don’t know what kind of crisis this will be. The spread of this virus not only has a vast impact on people’s lives but also on our economy,” said von der Leyen.

However, she warned that without the EU’s planned next seven-year budget, the commission will not be able to respond accordingly to the challenges.

“Without a new budget, we are running short of flexibility,” she added.

Besides crisis management, von der Leyen said that her commission made a “good start” in the first 100 days.

In that time, the EU’s executive body had over 1,400 high-level meetings with the Green Deal making up nearly one-fifth of all these lobby meetings, Transparency International EU reported.

Green Deal – unprecedented but mixed response

The commission unveiled in December the Green Deal and its investment plan, pledging to fight climate change, cut pollution and protect biodiversity while creating jobs by investing a total of some one trillion euros.

However, NGOs like Greenpeace slammed the proposal as “too weak, half-baked or missing altogether”.

The von der Leyen Commission’s main objective is to achieve climate neutrality by 2050, but this approach did not manage to convince everyone – including member state Poland.

Aiming to bring all member states on board, the commission proposed a just transition fund (€7.5bn investment) to support the regions most affected by the industrial transition.

Last week, the commission announced its flagship climate law.

But environmental activists, including Greta Thunberg, quickly declared the proposal a “surrender” for postponing immediate action.

The commission also presented new rules for sustainable finance, although a specific taxonomy of harmful economic activities for the environment is still a pending task.

The EU’s executive body also kick-started work on a possible carbon border tax. If this initiative is implemented, imports could be hit with some form of tariff if they do not meet the EU’s environmental standards.

Meanwhile, the upcoming strategies on biodiversity, the circular economy and agri-food, as well as the reforms of the Common Agriculture Policy (CAP) post-2020, will also be key to green the economy and tackle what was called “this generation’s defining task”.

Dangers of Artificial Intelligence

Another essential task for the commission’s first 100 days was the EU’s new digital strategy.

The commission began a public consultation on artificial intelligence (AI) governance when it presented in February its white paper on AI.

Brussels wants to establish new binding requirements by the end of the year for the development and use of “high-risk” AI applications.

However, the specific criteria that would qualify an application as “high-risk” are far from decided.

At the last minute, plans for a European data strategy were added to the taskforce of the commissioner for the internal market, Thierry Breton, who aims to create “common European data spaces” to boost innovation.

“We know that Europe has a huge amount of sleeping potential of unused data, which we can share in the European data space we want to create,” von der Leyen told reporters on Monday.

Additionally, the commission and the member states defined a common approach for the security of 5G networks in the EU without excluding any specific telecom suppliers – amid concerns over Huawei’s links to China’s intelligence services.

Meanwhile, the commission is due to present on Tuesday (10 March) its new industrial strategy, to boost EU companies while reducing the barriers of the single market.

However, upcoming rules for online platforms, common standards for online digital identity and a European approach for cybersecurity will also play a part in the digital transformation of the EU.

From West Balkans to gender pay-gap

With von der Leyen’s ambition to lead a “geopolitical commission,” the institution delivers an updated enlargement methodology and the EU-Africa strategy within the first 100 days.

However, the engagement with the Western Balkans will remain “a priority” for the rest of the mandate, said the commission.

Despite the objections, the commission also launched a two-phased consultation for a possible for EU minimum wage and debate on a forthcoming “Europe’s Beating Cancer Plan”.

Likewise, the most gender-balance commission of EU’s history recently pledged to combat the gender pay gap by implementing “binding measures on pay transparency”.

According to von der Leyen, “it was important to grasp the key underlying driving factors for change to spell out this vision for the next 30 years we do have together in Europe”.

Pubblicato in: Devoluzione socialismo, Problemia Energetici, Regno Unito

UK. ‘Clima’. La data del 2050 non è realistica. Meglio le centrali atomiche.

Giuseppe Sandro Mela.

2020-03-14.

Johnson Boris - Improta 001

«UK ‘can’t go climate neutral before 2050’»

«The claim comes from the government-funded research group Energy Systems Catapult, whose computer models are used by the Committee on Climate Change, which advises government»

«The report …. believes the UK target of climate neutrality by 2050 will result in harm to the climate»

«Achieving net zero significantly earlier than 2050 in our modelling exceeds even our most speculative measures, with rates of change for power, heat and road transport that push against the bounds of plausibility»

«The UK cannot go climate neutral much before 2050 unless people stop flying and eating red meat almost completely, a report says»

«it calls for small, modular nuclear reactors to support three-quarters of heating in cities through district heating systems.»

«Modular reactors are much smaller than conventional reactors, and brought to a site in a kit of parts to be assembled»

«It warns that livestock production for dairy and meat may need to be cut by 50% rather than the 20% currently envisaged by the Committee on Climate Change. And people will need to eat less meat and dairy by the same amount»

«However, the report warns that the public do not appear ready for substantial lifestyle changes»

«approaching the subject of dietary change or aviation often elicits a more resistant and emotional respons»

* * * * * * *

Gli obiettivi dell’European Green Deal sono irrealistici e, soprattutto, molto costosi.

Coronavirus, crisi petrolifera e crollo delle borse, unitamente alla stagnazione economica, sono urgenze ben più gravi e reali.

Significativo è il suggerimento di installare piccoli reattori nucleari, specie per il riscaldamento delle abitazioni.

È un altro tabù che si sta dileguando. È un’altra divergenza con l’Unione Europea.

*


Climate change: UK ‘can’t go climate neutral before 2050’.

The UK cannot go climate neutral much before 2050 unless people stop flying and eating red meat almost completely, a report says.

But it warns that the British public do not look ready to take such steps and substantially change their lifestyle.

The report challenges the views of campaign group Extinction Rebellion.

It believes the UK target of climate neutrality by 2050 will result in harm to the climate.

The claim comes from the government-funded research group Energy Systems Catapult, whose computer models are used by the Committee on Climate Change, which advises government.

Its report says: “A number of groups have called for net zero to be accelerated to 2025, 2030 or 2040.

“Achieving net zero significantly earlier than 2050 in our modelling exceeds even our most speculative measures, with rates of change for power, heat and road transport that push against the bounds of plausibility.” Glimmer of good news

But the authors offer some optimism too. They calculate that the UK can cut emissions fast enough to be climate neutral by 2050 – but only if ministers act much more quickly.

They say the government urgently needs to invest in three key technologies: carbon capture and storage with bioenergy crops; hydrogen for a wide variety of uses; and advanced nuclear power.

The report modelled options for society to 2050. It concluded that if decisions are made early, the cost of climate neutrality can be held down to 1-2% of national wealth – GDP.

Scenarios rely on some technologies still in their infancy, which will be controversial. For instance, it draws heavily on burning energy crops, capturing the carbon emissions and burying them underground.

It says hydrogen use will need to grow to supply industry, heat and heavy transport.

Electricity generation will need to double with heavy reliance on solar power and offshore wind.

Controversially, it calls for small, modular nuclear reactors to support three-quarters of heating in cities through district heating systems. Modular reactors are much smaller than conventional reactors, and brought to a site in a kit of parts to be assembled.

It warns that livestock production for dairy and meat may need to be cut by 50% rather than the 20% currently envisaged by the Committee on Climate Change. And people will need to eat less meat and dairy by the same amount.

The report’s author, Scott Milne, said: “Whichever pathway the UK takes, innovation, investment and inducements across low-carbon technology, land use and lifestyle are essential to achieve net zero.

“And there are massive economic opportunities for the UK to lead the world in these areas.”

However, the report warns that the public do not appear ready for substantial lifestyle changes. It warns, for instance, that if people’s homes are better insulated, they may choose to spend the same amount on heating to deliver a warmer home.

It says: “Early evidence suggests a general willingness to adopt new technologies (such as new heating or mobility) as long as these can deliver the same experiences as before.

“Conversely, approaching the subject of dietary change or aviation often elicits a more resistant and emotional response.”

Some experts will be critical of the report’s expectation that new technologies such as carbon capture and storage will be rapidly adopted.

A recent report said it was unrealistic to expect that carbon capture and hydrogen will develop fast enough to achieve the net zero target.

A spokesperson for Extinction Rebellion told BBC News: “The global response to coronavirus shows we can radically address crises if we put our minds to it. Meanwhile, the net zero date has not been put to the people of the UK.

“The science tells us that net zero by 2050 means a hell of a lot worse than giving up flying and red meat – people are dying now around the world as you read this due to governmental inaction.”

The report was not welcomed by the National Beef Association.

Its spokesman Neil Shand told BBC News that scientific studies typically underestimate the role of livestock in capturing carbon in the soil.

He said: “It does seem rather unfortunate that the report links beef production and aviation in this way.

“The timing is more than a little ironic; the shops are full of people panic-buying and it seems clear that the nation’s food sector relies very heavily on imports, and the associated transport that brings them into the UK.

“Food produced on their own doorstep, using a system where animal and non-animal foods are symbiotic requires very little air travel, and makes excellent use of the resources our beautiful country provides. Foreign travel does not have the same necessity.”

In addition, a report from a group of environmentally-minded business leaders has called on the government to show increased ambition and delivery of carbon-cutting policies to get the UK on track to meet climate goals.

It said there was an urgent need especially for policies to bring low-carbon heating to people’s homes.

Pubblicato in: Devoluzione socialismo, Economia e Produzione Industriale, Unione Europea

EU. New Industry Plan. Pochi fondi e niente green. Gli ululati dei liberals.

Giuseppe Sandro Mela.

2020-03-13.

Welcome to Reality

«EU unveils new industry plan, but is it green enough?»

«Tuesday’s (10 March) proposals followed commission’s new approach for the digital and green transition, as well as “the need for more inclusive working methods,” …. But the proposals failed to soften competition rules to boost so-called national “champions” – a key demand from Germany and France.»

«But there was no mention on Tuesday of the ‘national champions’ idea, which covers cross-border mergers between national firms»

«The commission estimated that removing barriers could bring in up to €713bn by the end of the decade»

«These barriers included restrictive and complex national laws, excessive administrative procedures, and inadequate enforcement of EU rules»

«Meanwhile, emissions from heavy industry have not declined since 2012, making this sector a large contributor to climate change. …. Industry accounts for about one-fifth of EU emissions, with the majority coming from the steel, cement, and plastics factories»

«An industrial strategy that is fully aligned with the EU Green Deal needs to have industrial decarbonisation at its core»

«Green Deal failure?»

* * * * * * *

I liberal socialisti hanno reso note le loro posizioni con un articolo comparso su EU Observer, a seguito riportato.

Si lagnano fortemente che il New Industry Plan presentato dalla Commissione abbia ben poco, quasi nulla, di green.

«Green Deal failure?»

I liberal socialisti vivono in uno strano mondo virtuale, che sembrerebbe ignorare la crisi indotta dal coronavirus, dal crollo dei prezzi petroliferi, dal crollo delle borse e mercati finanziari europei e dalla rinnovata pressione di migranti al confine greco  turko. Nemmeno sembrerebbero rendersi conto che l’intera Unione Europea abbia un sistema economico stagnante in piena recessione.

I pochi fondi disponibili sono quindi dirottati dall’European Green Deal al tentativo di arginare la crisi economica.

Di qui i loro ululati alle stelle del cielo. Nessuno li sta più a sentire.

*


EU Observer. EU unveils new industry plan, but is it green enough?

The European Commission has finally launched its updated EU industrial strategy, after long-standing requests by industry groups and political leaders calling for a stronger single market.

Tuesday’s (10 March) proposals followed commission’s new approach for the digital and green transition, as well as “the need for more inclusive working methods,” said the commissioner for the digital portfolio, Margrethe Vestager.

But the proposals failed to soften competition rules to boost so-called national “champions” – a key demand from Germany and France.

The commission plans to update how EU antitrust regulators assess industries in 2021 following an ongoing evaluation in a separate initiative.

But there was no mention on Tuesday of the ‘national champions’ idea, which covers cross-border mergers between national firms.

The commission, instead, wants to ensure an “equal level playing field” in the single market and address lack of reciprocity from abroad – pushing for European companies to gain access to public procurement in third countries, such as China.

The commission will also promised a white paper by mid-2020 and a new law in 2021 to address the effects caused by foreign subsidies in the single market and to tackle foreign access to EU public procurement and EU funding.

From sectors to ecosystem approach

While the single market is considered one of the biggest achievements of the European project, around 70 percent of businesses now thought that it was poorly integrated, said Vestager.

The commission estimated that removing barriers could bring in up to €713bn by the end of the decade.

These barriers included restrictive and complex national laws, excessive administrative procedures, and inadequate enforcement of EU rules.

The new industrial strategy also spoke of an “industrial ecosystem” approach that aimed to fully address the complex interrelationship between small and big companies, Vestager said.

Each of the “industrial ecosystems” will have access to digital platforms and a dedicated toolbox, as they will face different opportunities and challenges in the environmental and digital transformation areas – although a detailed plan will not be public until September.

However, according to Vestager, “one of the benefits that all ecosystems will share is fair competition – based on the EU’s values”.

Green Deal failure?

Meanwhile, emissions from heavy industry have not declined since 2012, making this sector a large contributor to climate change.

Industry accounts for about one-fifth of EU emissions, with the majority coming from the steel, cement, and plastics factories.

However, it takes up to 25 years to transform an industrial sector and all the related value chains and to be ready by 2050, “decisions and actions need to be taken in the next five years,” the commission’s Green Deal previously said.

“An industrial strategy that is fully aligned with the EU Green Deal needs to have industrial decarbonisation at its core,” said the policy officer at NGO Carbon Market Watch, Agnese Ruggiero, who believes that Tuesday’s proposal “failed” one of the first tests.

The new strategy also failed to set decarbonisation and technology deployment targets that could bring investment to industry.

Projects such as the EU Emissions Trading System can also be barriers to real industrial decarbonisation, Ruggiero addeed, urging the commission to swiftly put forward concrete measures “to clean up Europe’s largest polluters”.

The commission’s proposal did mention support for cleaner technologies that can help to reach the 2050 climate-neutrality target.

But according to Johanna Lehne, policy advisor to NGO E3G, the lack of targets was “a significant gap” in the strategy as targets provided clarity on the pace and direction of travel.

“The commission is sending the right signals on the urgency to transform the industry, but it is delaying taking a stance on the most controversial elements of its industrial policy,” she said.

“Without a landing zone, the strategy will feel incomplete,” Lehne added.

The commission also proposed further legislation on innovation, investment, and skills.

A clean hydrogen alliance to accelerate the decarbonisation of industry will be launched in the summer, followed by alliances on low-carbon industries, and on industrial clouds.