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The Cost of Virtual Signaling

June 5, 2024 By Debbie Young

By syhin_stas @Adobe Stock

When Other People’s Money Doesn’t Cut It

The Manhattan Contrarian is getting ready for the European Elections, taking place on Sunday, 9 June.

These are not the national elections of any country, but rather the elections for members of the European Parliament. The European Parliament has substantial authority in some areas, and not so much in other areas. One area where it has substantial authority is climate and energy policy, so that has become a big issue in these elections, indeed maybe the biggest issue..

Francis Menton writes of the political earthquake gathering force in Europe against the Green Energy takeover.

… whether the shift in this election is small or large, either way it will be significant. That is because until now there has been in Europe essentially an all-party consensus on the necessity, if not moral urgency, of abandoning fossil fuels as soon as possible and replacing them with “zero emissions” alternatives, mainly wind and solar generation of electricity. Up until just now, all political momentum pushed toward the suppression of fossil fuels and the development of subsidized wind and solar replacements. Now, we are looking not just at a slowing of this momentum, but rather reversing it. Reality has set in.

From Stop These Things: (32 May) 

The Dutch, the ultimate virtue signalers and group thinkers on matters of green energy look like even they have their limits.

Squandering Billions of Subsidies 

[L]ike most of their European neighbors, the Netherlands has squandered billions of subsidies on chaotically intermittent wind and solar, with little to show for it – other than ruined landscapes and unlivable homes. Now the hard cold reality of sunshine and/or weather-dependent power generation is starting to bite. Various provinces simply can’t keep the lights on, and have called timeout on the grand ‘transition’ to sunshine and breezes.

The Dutch province of Utrecht has been forced to revert to electricity generation from natural gas because the wind and sun are insufficient and unreliable, reports Francis Menton.

The outgoing Dutch Climate Minister Rob Jetten, leader of the Democrats 66 (D66) party, along with local grid operators, announced a set of measures to fight the power-grid overload in Utrecht province. It is expected to be the first of many regions in the country that will have to take action to avoid future problems. To maintain electricity provision to the public and businesses in Utrecht, there will be a switch back to gas. At moments of peak demand, the local Government will deploy gas generators.

From Nos, the Dutch public service broadcaster:

(NOS) reported that the projected shortage equals the needs of 125,000 homes in Utrecht. . . . Without implementing appropriate measures, the province is forecast to experience frequent electricity blackouts, which would jeopardize the construction of new housing and industrial complexes, nos said.

How to Double/Tripple the Cost of Juice

Triple the Cost, Warns Mr. Menton:

Wait until they figure out that if natural gas is the backup, you must maintain natural gas generation capacity equal to the entirety of peak usage to account for a worst-case wind/sun drought — even though the natural gas plants may run infrequently. This is a great way to double and triple the cost of electricity to consumers.

The Dutch are not alone on this rocky green energy road. There is always Scotland, home of more ultimate virtue signalers.

Scotland by its Emissions Reduction Targets Act in 2019 adopted the most aggressive of all emissions-lowering targets among the countries of the world, a mandatory 75% reduction in emissions (relative to a 1990 baseline) by 2030. On April 18 that all fell apart.

From Reuters, April 18: 

Scotland on Thursday scrapped its target of cutting climate-damaging greenhouse gas emissions by 75% by 2030, blaming the central British government, but said it still intends to meet a 2045 net zero target. The move came in response to a critical report published last month by the independent Climate Change Committee (CCC), which said Scotland was so far behind what was needed to meet the 2030 target that it was no longer credible. 

Mairi McAllan, the Net Zero Secretary for Scotland’s devolved government, . . . said Scotland was constrained by cuts to the capital funding it receives from the British government and an overall weakening of climate ambition by British Prime Minister Rishi Sunak.

The plan was to do this with other people’s money. Now that that is not forthcoming, oh well, never mind.

From CNN (Sept 2023)

U.K. Prime Minister Rishi Sunak on Wednesday said his government would take a new approach to meeting its emissions targets as he announced a delay on the ban on the sale of new gasoline and diesel cars. The ban will move from 2030 to 2035. . . . Sunak [also] said people needed more time to make the transition away from gas boilers and that households in some areas would get a delay on existing targets for the ban on new fossil fuel boilers.

An Invitation to Readers 

To learn more, Francis Menton (aka the Manhattan Contrarian) invites readers to an event on 11, 12, and 13 June. Dr. Benny Peiser, Director of the GWPF, and Mr. Menton will be speaking at events on the topic of “Europe’s Net Zero Rebellion, European elections, and the coming U.S. reckoning.” Mr. Menton’s piece is the “U.S. reckoning,” while Benny will cover the backlash against Net Zero currently beginning to boil up in Europe. Events on 11 and 12 June are public, and all are welcome to attend. 13 June is private.

Go to the Manhattan Contrarian to read more.

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Debbie Young
Debbie Young
Debbie, our chief political writer of Richardcyoung.com, is also our chief domestic affairs writer, a contributing writer on Eastern Europe and Paris and Burgundy, France. She has been associate editor of Dick Young’s investment strategy reports for over five decades. Debbie lives in Key West, Florida, and Newport, Rhode Island, and travels extensively in Paris and Burgundy, France, cooking on her AGA Cooker, driving through Vermont and Maine, and practicing yoga. Debbie has completed the 200-hour Krama Yoga teacher training program taught by Master Instructor Ruslan Kleytman. Debbie is a strong supporting member of the NRA.
Debbie Young
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