Harry Sudock on Bitcoin Mining Energy

I just listened to the podcast “The Truth about Bitcoin’s Energy” with Harry Sudock on the “What Bitcoin Did” podcast hosted by Peter McCormack. Sudock is working as a VP of Strategy for the “Griid Infrastructure” mining project. I learned that in the American market power lines don’t extend more than 500 miles. I learnedContinue reading “Harry Sudock on Bitcoin Mining Energy”

EU Climate State Aid Rules Draft

The EU Commission has published a draft of their revision of the State Aid Guidelines for renewable energy. The public has a chance to comment until August 2nd. This is a public comment on this draft. The existing 2014 version of the guidelines helped change the German law on renewable energy from a very successfulContinue reading “EU Climate State Aid Rules Draft”

Could BP Coordinate Their Move to Less Production?

BP announced last week that they plan to reduce oil production by about 40 percent over the next decade, which is “at least one million barrels of oil equivalent a day”. They also announced to increase low carbon investment by a factor of ten to $5 billion a year. The plan is to develop fromContinue reading “Could BP Coordinate Their Move to Less Production?”

Nothing Wrong With EEG Payments Running Out After 20 Years

The German Law on Priority for Renewable Energy started out 20 years ago. The basic concept was paying a fixed price for renewable energy for 20 years. That price was calculated to make sure people could make a profit over those 20 years. Now that the first installations under that law are falling out ofContinue reading “Nothing Wrong With EEG Payments Running Out After 20 Years”

German Offshore Wind Law Draft

Just published by the Federal Economy Ministry and approved by the Cabinet. Germany wants to achieve 20 GW until 2030 and 40 GW until 2040. As usual now prices are set by auctions, with a new twist. Since people are starting to bid 0 cents (meaning no feed-in tariff payments at all) the new lawContinue reading “German Offshore Wind Law Draft”

Fossil Fuel Overdose

European Union High Representative and Vice President Josep Borrell just apologized for his choice of words when discussing climate. He recently used the term “Greta Syndrome” when talking about this question. If I understood him correctly, he wanted to say something like “people are very much for climate measures until they are actually asked toContinue reading “Fossil Fuel Overdose”