When I started this newsletter in June, I did it because I was becoming increasingly worried that the information we were being given by international organisations, national governments and various “experts” about the world’s energy needs and our civilisation’s priorities in protecting the Earth was getting further and further from reality.
Congratulations on the success of the newsletter. The best way to become confident in your beliefs is to have to answer the hardest questions anyone can challenge you with. The only way to find the truth is through a willingness on all sides to honestly consider all possibilities and how each one lines up with reality.
After all “Reality is what you run into when you’re wrong!” 😉
The new EU green bond issuance has very little to do with energy policy beyond a “Fig Leaf.”
The reality is that this is a Hamiltonian moment at which the EU starts to centralise the issuance of debt and tentatively becomes the principal issuer of EU debt in the long run.
A next step is when the EU agrees to act as a combining agent for the smaller members to enable them to achieve lower interest rate charges. In that act it will capture the remaining potentially dissident countries without them even noticing.
There were two historical blocks to the EU becoming a quasi nation state debt issuer since the Euro came into being.
First was the “Difficult British” who were a resolute block on the EU and Euro being seen as an integrated whole. But with Brexit that fading constraint departed.
Secondly the German constitutional court, which had Merkel as its soft defensive shield, became under siege as German politicians wanted their slice of the new funds.
Merkel, even as her power faded and the Covid crisis increased was that last line of defence, which was breached in her final months.
So yes there is a “Lick of a Green energy policy” but it is really just the cover story for the final emergence of the EU becoming a sovereign super state.
Francois Mitterrand from beyond the grave has out smarted all others.
With so much at stake - trillions in investment, energy security, jobs and human welfare, rising CO2 Levels, etc. - I am grateful for your speaking truth to power. The EU, the USA, and the IEA cannot expect to simply wave their arms through an energy transition. They must be held accountable.
I enjoy reading your articles, Irina. They are like a breath of fresh air on the reality of the energy situation. You are doing a great job so keep it up. As long as you write I will read. Congrats.
Hello Irina, Wishing you a happy new year 2022 and many more interesting articles on the energy transition. Best regards.
Hi Irina. You have a lot more than 400 readers, I assure you. I got here through your LinkedIn
All the best and happy new year
Congratulations on the success of the newsletter. The best way to become confident in your beliefs is to have to answer the hardest questions anyone can challenge you with. The only way to find the truth is through a willingness on all sides to honestly consider all possibilities and how each one lines up with reality.
After all “Reality is what you run into when you’re wrong!” 😉
The new EU green bond issuance has very little to do with energy policy beyond a “Fig Leaf.”
The reality is that this is a Hamiltonian moment at which the EU starts to centralise the issuance of debt and tentatively becomes the principal issuer of EU debt in the long run.
A next step is when the EU agrees to act as a combining agent for the smaller members to enable them to achieve lower interest rate charges. In that act it will capture the remaining potentially dissident countries without them even noticing.
There were two historical blocks to the EU becoming a quasi nation state debt issuer since the Euro came into being.
First was the “Difficult British” who were a resolute block on the EU and Euro being seen as an integrated whole. But with Brexit that fading constraint departed.
Secondly the German constitutional court, which had Merkel as its soft defensive shield, became under siege as German politicians wanted their slice of the new funds.
Merkel, even as her power faded and the Covid crisis increased was that last line of defence, which was breached in her final months.
So yes there is a “Lick of a Green energy policy” but it is really just the cover story for the final emergence of the EU becoming a sovereign super state.
Francois Mitterrand from beyond the grave has out smarted all others.
Let's go! Great perspective. Thank you for asking the questions in a way that people will listen.
Love the perspective, keep it up!
With so much at stake - trillions in investment, energy security, jobs and human welfare, rising CO2 Levels, etc. - I am grateful for your speaking truth to power. The EU, the USA, and the IEA cannot expect to simply wave their arms through an energy transition. They must be held accountable.
I enjoy reading your articles, Irina. They are like a breath of fresh air on the reality of the energy situation. You are doing a great job so keep it up. As long as you write I will read. Congrats.