G8 want to reduce CO2 emission by 50% until 2050

In Kobe, the environment ministers of the G8 agreed to lower the carbon dioxide emissions until 2050 to the half. A very unrealistic target.

  IEA April 2008: 3,7 bis 4,2% less oil production per year

In a dramatic turn around, Fatih Birol from the IEA statet, we have to calculate with 3,7 to 4,2% less oil production per year. From 85 million barrel a day will remain 2050 only 14 (at -4,2%) to 17 (at -3,7%). This few remaining oil is to valuable to burn.

Also natural gas will have soon the maximum producion. 2050 will only remain a small part of the current production.

  At only 25% more photovoltaic a year

Just right now, the world market for photovoltaic increases much more than 25% per year. But even at only 25% more until 2030 and 5% more after 2030, there will be 60,000 TWh photovoltaic electric power in 2050 (2003 15,900 TWh world electricity production)

Just right now, the German government parties agreed to new tariffs for the EEG energy delivery law. You can see this tariffs also as a price prognosis for photovoltaic. This price prognosis telss 0.1541 EUR per kWh solar electric power in 2020 in a country with less than 1000 kWh yearly solar energy

In southern Europe is with this 0,10 EUR / kWhh possible, okay, let's add 5 Cent for storage technology. How long can remain coal electric power against this rentable? Does really somebodey belive until 2050? With a little bit more CO2 price will be coal electric power uneconomic long before 2050.

As soon as photovoltaic is available in enough quantity and for a suitable price, governments will increase the price for CO2 certificates, and the clima killers will be stoped.

  It's not realistic to reach 2050 50% of our current CO2 emissions

  2008 The bungle of politics by inaction

The oil price increased January in a very short time to $100. The inaction of the politicians is saddening, because it's goes about our standard of living.

Fossil energy means recession
The decrease of the oil price in the last days proofs: fossil energy means recession. A growth of the world economy is only with renewable energy possible.

Civilization and the ability to store
The ability to store valuable products to balance times of overabundance and times of under-supply is a basic of civilization.

Banking crisis
The production facilities are all intact, only the finance system is groggy. This is a big chance for the politic to do with the production something reasonable.

Oil production becomes a roulette game
The extrem fast declining oil price damages the oil industry much more, than $180 oil price. Investments in costly explorations became extrem risky.

Stock market crisis
There are political streams believing that the stock market will solve all problems of mankind. But how can a stable full of disturbed chickens cause something positive?

Oil price and economic growth
Do we want recession? The dedicing question is not how high the oil price is in a recession, but at 2% economic growth.

2008 The begin of the end of the oil age
Many indicators show a clear result: In the history books will be the year 2008 chained to the begin of the end of the oil age.

Ostrich policy
The oil price jumps in a few month from $70 to $100, the Energy Watch Group dates peak oil to 2006 and our irresponsible politicians put the head in the sand.

CO2 tax determination
2 complete different ideas for the determination of a CO2 tax, replacement of social security costs and the costs to for the removal of CO2 in the atmosphere have the same range.

Dreadful doing nothing
The IEA shows in a complete sharp turn of previous prognoses a catastrophe szenario, the oil price is already beyond §122 and the politicians play clerk Mikado.

The quarrel about the imperator's beard
France and Germany support the target of the EU commission to reduce the emission of Carbon Dioxide until 2012 to 120 g CO2/km at cars.

Subventions against increasing oil price
Subventions to decrease the demand for crude oil can be highly profitable for the industrial countries by damping the increase of the oil price.

High oil price pays the exit from crude oil
When 1 million barrel a day less demand reduces the oil price by $20, this can be used as the base for a rentability caclulation for the exit from oil.

Oil conference: oil price reaches $140
What would You think, when a junkie promisses his mother to get away from the oildope and 5 minutes later, he whines pitifully at a dealer?

ECB prime rate increase counter productively
The inflation is caused nearly only by the high oil price. The escape from oil needs investitions in new technology, aggravated by the higher prime rate.

When will be electric power from natural gas twice as expensive as solar
Solar electric power is cheaper than Diesel, but look on the streets, what is driving there? It can be only called a complete failure of politics and economy.

Context description:  G7 G8 meeting economy climate environment
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