While Mark Carney celebrated the
expanded partnership of the CDP and the Net-Zero Data Public
Utility (NZDPU) to further Net Zero transition, CLINTEL issued a
scathing review of the Draghi Report on EU Competitiveness, says
Friends of Science Society. The Global Warming Policy Foundation's
latest report on UK reliance on interconnectors to decarbonize may
leave Britain in the lurch in
times of "dunkelflaute" – days of no wind and little sun.
CALGARY,
AB, Sept. 25, 2024 /PRNewswire-PRWeb/ -- On
Sept. 24, 2024, Mark Carney, UN Climate Czar, was celebrating
the partnership of the CDP and Net-Zero Data Public Utility (NZDPU)
on X, as a means to further the Net Zero Transition, an unlikely
goal, says Friends of Science, which would result in an
impoverished and miserable future.
Net Zero seems an unlikely goal …despite
renewables investments of USD $4.9
trillion between 2015 to 2024, oil, natural gas and coal,
continue to supply 81% of global primary energy demand. Renewable
energy supplies only 7% of global primary energy demand and most of
that is met by biomass.
According to the NZDPU press release, "CDP (Carbon Disclosure
Project) holds the world's largest dataset of self-reported
environmental data. Over 700 financial institutions holding
$142 trillion in assets and over 330
large corporates use CDP to request data from listed and private
companies. …CDP's platform is aligned with the ISSB climate
standard (IFRS S2)."
Net Zero seems an unlikely goal, says Friends of Science
Society, as the latest International Energy Agency World Energy
Investment Report reveals that despite renewables investments in
the order of USD $4.9 trillion
between 2015 to 2024, oil, natural gas and coal, continue to supply
81% of global primary energy demand. Renewable energy supplies only
7% of global primary energy demand and most of that is met by
biomass.
The UK and EU have attempted to decarbonize through a complex
system of interconnectors. The Global Warming Policy Foundation
issued a report on Sept. 12, 2024,
about interconnectors as a growing risk to Britain's energy security. The report warns
that in times of regional 'dunkelflaute' (dark lull), when winds
drop off and cloudy days prevail, some regions may not be able to
honor energy export deals when power is needed at home.
As part of Canada's climate
commitment, nation-wide cap-and-trade legislation is being
introduced, a measure that a March
2024 Deloitte report indicates will severely damage
Canada's oil and gas production
and GDP. Robert Lyman, retired
energy economist and former federal public servant of 27 years, 10
years a diplomat, did a plain language summary report titled: "A
Dire Assessment."
In 2016, a CDP "In the Pipeline" report provided skewed analysis
of Canadian oil sands operations versus other competitors, damaging
investment which had already been hit hard by the foreign-funded
Tar Sands Campaign. Clearly the NZDPU – CDP partnership, said to be
good for measuring climate compliance for investors, could also be
used as a tool against corporations by law faring ENGOs, says
Friends of Science.
A commentary by UK energy analyst Dr. Tammy Nemeth in the Financial Post of
Sept. 17, 2024, indicates that
Canadian companies are deeply concerned about impacts on
competitiveness and intentions to force them to comply with
European style reporting standards, such as those advocated by the
ISSB. The implications are discussed in "Molecule Madness."
CLINTEL, the climate intelligence network of over 1900
scientists and scholars, published Samuel
Furfari's scathing review of the Draghi Report on EU
Competitiveness. Furfari was a Senior Official in the European
Commission in the field of energy for 36 years. Furfari denounces
the EU obsession with Net Zero. Furfari notes that: "Draghi's main
concerns revolve around the lack of competitiveness resulting from
high energy prices: "EU companies still face electricity prices 2
to 3 times higher than in the United
States and natural gas prices 4 to 5 times higher.""
A Sept. 17, 2024, article in the
Washington Post, reviewing a study by Judd et al (2024) of the past
485-million-year history of Earth's average surface temperatures
during various geologic periods, shows a graph where today, the
Earth appears to be much cooler than in the past. The study shows a
tremendous natural fluctuation of temperatures: "At its hottest,
the study suggests, the Earth's average temperature reached 96.8
degrees Fahrenheit (36 degrees Celsius) — far higher than the
historic 58.96 F (14.98 C) the planet hit last year."
This suggests that Net Zero efforts and the Paris 1.5-degree Celsius targets are
unnecessary and unscientific, says Friends of Science. As Furfari
highlights in the Draghi report, the civilizational risk of net
zero-obsessed, poor energy policy is not climate change, but the
loss of human freedoms, as pointed out by Draghi himself, "We have
reached the point where, if we do not act, we will have to
compromise our well-being, our environment or our freedom."
About
Friends of Science Society is an independent group of earth,
atmospheric and solar scientists, engineers, and citizens that is
celebrating its 22nd year of offering climate science insights.
After a thorough review of a broad spectrum of literature on
climate change, Friends of Science Society has concluded that the
sun is the main driver of climate change, not carbon dioxide
(CO2).
Friends of Science Society
PO Box 61172 RPO Kensington
Calgary AB T2N 4S6
Canada
Toll-free Telephone: 1-888-789-9597
Web: friendsofscience.org
E-mail: contact(at)friendsofscience(dot)org
Web: climatechange101.ca
Media Contact
Michelle Stirling, Friends of
Science Society, 8887899597, media@friendsofscience.org,
https://friendsofscience.org/
View original content to download
multimedia:https://www.prweb.com/releases/net-zero-targets-crush-eu-and-uk-economies--draghi-report-gets-a-scathing-review-via-clintel-302258059.html
SOURCE Friends of Science Society