Comments on: G7 countries pour $100bn a year into oil, gas and coal: study https://www.euractiv.com/section/energy-environment/news/g7-countries-pour-100bn-a-year-into-oil-gas-and-coal-study/ EU news and policy debates across languages Mon, 19 Nov 2018 16:35:59 +0000 hourly 1 https://wordpress.org/?v=4.9.5 By: re-update https://www.euractiv.com/section/energy-environment/news/g7-countries-pour-100bn-a-year-into-oil-gas-and-coal-study/#comment-334535 Mon, 04 Jun 2018 19:41:14 +0000 https://www.euractiv.com/?post_type=news&p=1243959#comment-334535 my mistake – thats €60/MWh; on-site – capex of electrolysers to decrease 50% by 2025; and obviously there is no hope powering your heating at 5x the energy demand with batteries, industry etc

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By: re-update https://www.euractiv.com/section/energy-environment/news/g7-countries-pour-100bn-a-year-into-oil-gas-and-coal-study/#comment-334534 Mon, 04 Jun 2018 19:36:43 +0000 https://www.euractiv.com/?post_type=news&p=1243959#comment-334534 As an aside; hydrogen as a transport fuel is half the cost of petrol with a €60/kWh electricity price – easily achievable in most countries even now. Halve it again because you are producing the fuel domestically and you have a quarter of the price.

And now Bulgaria (right next to Russia) have firm plans to build 10 stations by 2025. I think its easy to work a lot of this out.

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By: re-update https://www.euractiv.com/section/energy-environment/news/g7-countries-pour-100bn-a-year-into-oil-gas-and-coal-study/#comment-334533 Mon, 04 Jun 2018 19:20:05 +0000 https://www.euractiv.com/?post_type=news&p=1243959#comment-334533 Europe spends €400bn on imported fossil fuels per year and subsidises this by 25%.

It is time to panic.

We are now entering a time of increased certainty about the causes and effects of large emissions releases in Earths history. The problem we face is that methane clathrates lying frozen within the ocean will start to thaw as ocean temperatures increase, leading to a new reality. The methane will drive further temperature increase, which will drive further thawing and thus further temperature rise. During the PETM 65m years ago, temperatures rose by 12-14°C. However, there is now almost double the methane clathrates, and the process is happening at a vastly accelerated rate, meaning that negative feedbacks are very unlikely to ever stabilise the temperature once it reaches a 20°C equilibrium. What are now carbon sinks (soil, vegetation and sea) will start to release rather than absorb carbon dioxide. There is no upper limit to this temperature increase.

This process will be initiated once we reach 2-3°C.

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