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Read MoreUK ENERGY SYSTEM COULD SUFFER SAME FATE AS BANKS, EXPERTS WARN
Representatives of an independent group of over 250 international energy and financial experts are meeting this week to reveal how the UK, Europe and other continents can run on renewable electricity for a similar price to that currently paid for fossil-based electricity. The Claverton Energy Research Group is also warning on the eve of its conference, which runs in Bath from 24-26 Oct, that current world governments’ energy policies are inadequate to meet growing global energy demands, and says serious action needs to be taken now!
Read MoreGeorge Soros Agrees With Claverton?
During In an Interview on the Global Financial Crisis and investment in Energy, George Soros appears to agree with Claverton Group’s previously expressed views. In an interesting ‘Global Viewpoint’ article distributed by Tribune Media Services Inc, entitled “My Interview with George Soros: End of Financial Crisis Could Be in Sight” it seems that George has caught up with our thinking, in that he says what the markets (or government!) should be investing in is new/ alternative energy sources:
Read MoreCarbon Pools – Financing Energy after Peak Credit
By Chris Cooke
2008 Conference Paper Synopsis
1/ Conventional Financing – involves both “asset-based finance” (Investment) and “deficit-based” finance (Debt), typically “secured” or “asset-backed.”
– investment is either “Public” – by the State – or “Private’ through a legal entity known as a “Joint Stock Limited Liability Company.”
2/ Peak Credit and the Credit Crunch – following last year’s point of “Peak Credit” conventional “deficit-based” financing is drying up rapidly, and probably permanently.
3/ “Equity – but not as we know it, Jim” – using legal frameworks which are not based upon Company Law, but upon Trust and Partnership Law.
4/ Introducing the Carbon Pool – a simple new investment mechanism where assets remain in Public ownership, but investors could buy Energy Units redeemable against units of energy eg 10 Kilo Watt Hours.
– Carbon Pool funds may then be created, unitised, funded by a carbon levy and used to invest directly in renewable energy (“MegaWatts”) or energy savings (“NegaWatts”).
5/ Outcomes – by creating, and Unitising energy – with intrinsic value – energy value of carbon may be monetised rather than monetising by government “fiat” intrinsically worthless CO2, or TEQ’s .
Read MoreElectricity Prices In The United Kingdom – Fundamental Drivers and Probable Trends 2008 to 2020
Fundamental Drivers and Probable Trends 2008 to 2020
Hugh SharmanThe mindless and self-congratulatory drift and chatter in the UK’s energy area during the last fifteen years, in particular the last ten, has the UK sleep-walking into brown-outs and/or severe energy rationing in less time than it takes to plan, engineer, license, procure, build and commission more than 30 GW in new, “clean coal” or nuclear plant by 1st January 2016.
Some gas capacity is on its way but this will be commissioned just in time for a World gas-supply crunch, sparked by the serial failure of Indonesia to meet its Far East contractual commitments, continued decline of gas production in Russia and Canada, the cap on new LNG exports from Qatar and exports from Norway and the continued reluctance of Iran to develop any gas export business at all. Most seriously of all, for UK (and Europe), it is the deliberately contrived investment policy of Gazprom to remain very tight on upstream capacity far into the foreseeable future, while dominant in down-stream infrastructure.
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