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  • You're also burning lignite coal now, which you take from Africa who is now having blackouts. But it went pretty poorly overall phasing out nuclear for renewables.

    https://en.m.wikipedia.org/wiki/Energy_in_Germany

    Key to Germany's energy policies and politics is the Energiewende, meaning "energy turnaround" or "energy transformation". The policy includes nuclear phaseout (completed in 2023) and progressive replacement of fossil fuels by renewables. However, contrary to plan, the nuclear electricity production lost in Germany's phase-out was primarily replaced with coal electricity production and electricity importing. One study found that the nuclear phase-out caused $12 billion in social costs per year, primarily due to increases in mortality due to exposure to pollution from fossil fuels.

  • Solar panels to be fitted on all new-build homes in England by 2027
  • Well wind farms won't help, if you need 100% reliability. Storage I figured was more expensive than nuclear after adding all the costs together, creating enough hydro for backup is extremely expensive as well.

    You're essentially building a hydro power plant, water storage, pumps, and wind turbine at that point.

  • Sid Ryan: This election was a disaster for the NDP and unions
  • If they funded it with taxes I would give them props. Future austerity with interest is an unsustainable program used only to drive short term votes, and is nothing like our universal healthcare, which was fully funded from the start so that it lasts.

  • Solar panels to be fitted on all new-build homes in England by 2027
  • Making room for the intermittent nature of solar imposes upon the grid a large cost for backup power, adding to the levelized cost of electricity, yet this cost is never ascribed to the cost of the solar panel. The more solar you have the more idle backup power you need.

    https://en.wikipedia.org/wiki/Levelized_cost_of_electricity

    In France 70% of their power came from nuclear and they added renewables, they then need to throttle the nuclear power plants which is not an easy task, and they then make less money and require tax funded bailouts.

  • Good job
  • Canada has had 0.7% per capita GDP growth since 2015. Which puts us 2nd last only to Luxembourg in all 38 countries of the OECD.

    We elected a person who said oil needs to stay in the ground in their book, who wants to grow population at more than 450k a year (1% cap, plus births) to prop up GDP despite the current high unemployment and the severe housing shortage, and who wants to join Germany and the UK in spinning up solar and wind which clearly did not go well for either of them.

    https://newsletter.doomberg.com/p/let-ed-run-it

    Through that lens I could see how they could be fearful of Canada's demise, especially if we have another 10 years like the last. Gross government debt also somehow doubled since 2015 as well to achieve this lethargic growth, before subtracting pensions to create the net debt figure the government generally uses.

    Then theres yesterdays Alberta separation fear with bill 54, and the fact Alberta contributes significantly more to Ottawa than any other province. As tariffs have a chance to wipe out manufacturing and you'll be asking Alberta to contribute even more to fund unemployed auto workers and the like, after some provinces block Alberta's access to new trade routes, I could see some clear catalyst for separation. Which would put Canada in a deeply negative current account balance and would be the end of Canada as we know it now.

    https://www.fraserinstitute.org/sites/default/files/understanding-albertas-outsized-contribution-to-confederation-infographic-thb.jpg

  • Chances for the fediverse? Elon Musk takes hit as Europeans ditch X in droves
  • If you had a zoo would you continue bringing in animals if they had no space left to live comfortably?

    Likely you would call that inhumane, you wouldnt say they were being intolerant of the new animals if they did not.

  • Let's not kid ourselves: the election results show Canada is in great danger
  • we got in this morass because the neoliberal state and its accompanying economy financialized every damn thing

    The problem is monetary policy, not deregulation. Deregulation of zoning and housing policy would actually prevent monetary policy from creating such a large housing bubble.

    Our Bank of Canada targets a 2% inflation, which means prices need to continuously rise as technology actively reduces goods prices, and we then exclude investments and housing appreciation entirely, and we do hedonic adjustments to discount goods inflation. Then there's likely an element of shrinkflation, as company find tricks to cheapen products or degrade services, which lead to no inflation in the CPI but higher profits and then lower prices.

    So the money supply needs to grow via low interest rates, in order to provide a windfall to boomers to encourage them sell their real estate holdings, to create new bank loans, to increase the money supply, which turns into aggregate demand, in order to create inflation in the CPI.

    But we can't build enough houses due to reverse neo-liberalism, so housing acts as liquidity sponges for cheap debt, and people hold them as investments in perpetuity since they think prices are always going to go up. Also as interest rates fall inflation falls, as interest expense is included in the CPI while housing appreciation is not, its a feedback loop due to its poorly constructed nature. The Bank of Canada now also buys half of all mortgage bonds to attempt to reverse this, so they're actually printing money in order to cause deflation funnily enough, again due to the absurd way the CPI is constructed.

  • InitialsDiceBearhttps://github.com/dicebear/dicebearhttps://creativecommons.org/publicdomain/zero/1.0/„Initials” (https://github.com/dicebear/dicebear) by „DiceBear”, licensed under „CC0 1.0” (https://creativecommons.org/publicdomain/zero/1.0/)TO
    toastmeister @lemmy.ca
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