{"id":60254,"date":"2021-11-03T07:07:21","date_gmt":"2021-11-03T12:07:21","guid":{"rendered":"https:\/\/olduvai.ca\/?p=60254"},"modified":"2021-11-03T07:07:21","modified_gmt":"2021-11-03T12:07:21","slug":"when-they-say-money-think-energy","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=60254","title":{"rendered":"When they say money, think energy"},"content":{"rendered":"
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When they say money, think energy<\/a><\/h3>\n<\/div>\n<\/div>\n<\/div>\n
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The Indian government\u00a0ruffled a few feathers at the COP<\/a>\u00a0this morning, by raising the thorny question of the \u00a3722bn they were supposed to receive to aid their transition away from fossil fuels.\u00a0 Because, when all is said and done, the proposed transition is all about money.\u00a0 Decommissioning the old fossil fuel infrastructure will not happen\u00a0unless<\/em>\u00a0states and private investors stump up sufficient cash to pay for the materials, equipment and workforce required to do the job.\u00a0 And at the same time, an entirely different group of workers, materials and equipment will have to be funded to build out the new, bright green infrastructure.<\/p>\n

To aid things along, states will also use legislation to force the hands of businesses and households.\u00a0 The current UK government\u2019s decision to legislate a ban on new internal combustion engine cars from 2030, for example, has forced the car industry to switch investment toward EVs.\u00a0 The ban on coal power plants from 2025 may provide the more realistic example, however, because of its unforeseen consequences \u2013 such as companies closing power stations early to save on maintenance, and the threat to energy security which has now emerged.\u00a0 Nevertheless, it is some combination of legislation and money which will drive the process.<\/p>\n

The same can be said, of course, for any campaigning\/political issue.\u00a0 You can count on one hand the number of campaigns which have called for less state spending and the revoking of laws.\u00a0 Most often, new law and additional spending underpins demand for reform, while failing to spend and\/or legislate is among the biggest sins a government can make.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

When they say money, think energy The Indian government\u00a0ruffled a few feathers at the COP\u00a0this morning, by raising the thorny question of the \u00a3722bn they were supposed to receive to aid their transition away from fossil fuels.\u00a0 Because, when all is said and done, the proposed transition is all about money.\u00a0 Decommissioning the old fossil […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,4,5],"tags":[31147,536,31360],"class_list":["post-60254","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-environment","category-geopolitics","tag-consciousness-of-sheep","tag-money","tag-tim-watkins"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/60254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60254"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/60254\/revisions"}],"predecessor-version":[{"id":60255,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/60254\/revisions\/60255"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}