Podcast versions of Eigen Values articles and media appearances. Fundamental analysis of energy policy and Net Zero, with occasional forays into other subjects. <br/><br/><a href="https://davidturver.substack.com/s/eigen-values-multi-media?utm_medium=podcast">davidturver.substack.com</a>
Eigen Values
Claim This Podcastby David Turver
18 episodes
Updated Bi-weekly
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40
Podcast Authority
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Podcast Overview
Podcast versions of Eigen Values articles and media appearances. Fundamental analysis of energy policy and Net Zero, with occasional forays into other subjects. <br/><br/><a href="https://davidturver.substack.com/s/eigen-values-multi-media?utm_medium=podcast">davidturver.substack.com</a>
Language
🇺🇲
Publishing Since
8/14/2024
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Recent Episodes
May 17, 2025
Renewables Are Much More Expensive Than Gas
<p>This is a short video to accompany the main article (link below) that dispels the myth that renewables are cheap.</p><p>We have a long way to go if even consumer champion <a target="_blank" href="https://x.com/MartinSLewis/status/1922345010982162581">Martin Lewis</a> blames high electricity bills on gas, when the full cost of renewables is much higher than gas-fired electricity.</p><p>We need to stop this industrial-scale gaslighting of the public.</p><p>Thank you for watching and listening. Please like, share and subscribe to receive more content.</p><p></p> <br/><br/>Get full access to Eigen Values at <a href="https://davidturver.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_4">davidturver.substack.com/subscribe</a>
February 10, 2025
Net Zero Cure Worse Than Climate Change Disease
<p>Last month I gave a talk to Sacred Cows. This is the video of the event and the main argument is summarised below.</p><p>Climate Change Exaggerated</p><p>Although people like Antonio Guterres have made the foolish claim we have entered the era of global boiling, we have to acknowledge that the world has warmed a bit since pre-industrial times. The alarmist response to this is Net Zero which is an example of a so-called mitigation strategy that calls for everyone to reduce their emissions of carbon dioxide to save the planet.</p><p>Mitigation Can Never Work</p><p>The trouble with this approach is that it can only work if two conditions are met. First, mitigation can only work if CO2 is the only climate control knob. But we know this to be wrong, because the <a target="_blank" href="https://davidturver.substack.com/p/risk-net-zero-worse-climate-change?utm_source=publication-search#:~:text=Mitigation%20Drawbacks">IPCC’s first report</a> showed marked temperature fluctuations over thousand-, ten thousand- and million-year timescales when CO2 levels in the atmosphere were pretty constant. Second, mitigation can only work if everyone else follows the same strategy. But we know that global emissions of greenhouse gases are rising sharply even though ours have fallen into insignificance. Global consumption of coal, oil and gas are at record levels. Neither condition is met, so the UK’s Net Zero mitigation strategy can never work.</p><p>Impact of Net Zero Policies</p><p>Nevertheless this has not stopped politicians and policymakers rushing headlong into Net Zero policies that have resulted in the UK having the <a target="_blank" href="https://davidturver.substack.com/p/uk-electricity-prices-highest-in-world">most expensive industrial electricity</a> costs in the IEA, some 4X those of the US and 2.6X Korean prices. This is leading to energy austerity with UK primary energy consumption down 23% since 1990 while <a target="_blank" href="https://davidturver.substack.com/p/cop29-flops-starmer-makes-uk-cop-lot#:~:text=Global%20Energy%20Use%20is%20Soaring%20as%20Backdrop%20to%20COP29">global energy consumption</a> is up 72% over the same period. Our National Energy System Operator, NESO wants to double down on energy austerity and <a target="_blank" href="https://davidturver.substack.com/p/future-energy-scenarios-brainstorm">halve our energy consumption</a> per capita from 2023 levels by 2050.</p><p>High energy prices coupled with energy austerity have led to economic stagnation. There is a strong correlation between <a target="_blank" href="https://davidturver.substack.com/p/cop29-flops-starmer-makes-uk-cop-lot#:~:text=Figure%206%20(again%20using%20data%20from%20OWID)%20compares%20energy%20use%20per%20capita%20to%20GDP%20growth">reduced energy use and slow growth</a>, with the EU27 and US growing faster than the UK because they have had smaller cuts to energy use. Korea, India China and the rest of the world are using much more energy and their economies are powering ahead.</p><p>Myths Created to Promote Renewables</p><p>Despite the obvious economic and social costs of Net Zero, a series of myths have been created to support the renewables agenda. They claim renewables are cheap, but we pay £11bn/yr in<a target="_blank" href="https://davidturver.substack.com/p/debunking-cheap-renewables-myth"> renewables subsidies</a>, £2.5bn for grid balancing and a further £1bn for the capacity market. National Grid have announced £112bn in spending on grid expansion by 2035 which will also find its way on to our bills. Moreover, the cost of <a target="_blank" href="https://davidturver.substack.com/p/crocodile-jaws-will-crush-net-zero">renewables is rising</a> and projects like Norfolk Boreas and <a target="_blank" href="https://open.substack.com/pub/davidturver/p/orsted-cuts-investment-plans-torpedos-miliband-clean-power-2030?r=nhgn1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false">Hornsea Project Four</a> have been cancelled because the developers cannot make money at the prices they agreed. Ed Miliband wants to <a target="_blank" href="https://open.substack.com/pub/davidturver/p/miliband-cheaper-electricity-claims-do-not-add-up?r=nhgn1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false">spend £260-290bn</a> by 2030 on his Clean Power plan to save only around £7bn/yr of the money we spend on gas-fired generation.</p><p>The second myth is that Net Zero will create jobs and growth. But the truth is expensive energy costs are <a target="_blank" href="https://davidturver.substack.com/p/mission-impossible-economic-growth-and-net-zero">destroying high-productivity industries</a> like chemicals, petrochemicals, ceramics and steel that are growing more slowly than the rest of the economy or outright shrinking. Instead we are growing less energy intensive low-productivity sectors that are damaging productivity and growth for the whole economy. Green energy jobs are destroying real jobs and <a target="_blank" href="https://open.substack.com/pub/davidturver/p/astronomical-cost-of-green-jobs?r=nhgn1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false">cost around</a> £250K/yr per job.</p><p>The third myth is that renewables increase energy security. But intermittent sources like wind and solar can never deliver security because we cannot control the weather. As a result we came close to blackouts last month as NESO suffered a <a target="_blank" href="https://davidturver.substack.com/p/neso-margin-call">margin call</a>. We cannot rely upon interconnectors either, because the Norwegian Government fell because of the impact interconnectors are having on their electricity prices.</p><p>Finally, it is claimed that wind and solar renewables are green and kind to the environment. But both have very <a target="_blank" href="https://davidturver.substack.com/p/material-intensity-electricity-generation">high mineral intensity</a>, meaning massive mines will be scarring the landscape to produce the copper, silver, cobalt and rare earth metals required. They also <a target="_blank" href="https://davidturver.substack.com/p/wind-solar-renewables-not-sustainable-not-green">take up a lot of land</a>, land that would be better utilised to grow food.</p><p>Adaptation is a Superior Strategy</p><p>By contrast, adaptation is a far <a target="_blank" href="https://davidturver.substack.com/p/risk-net-zero-worse-climate-change#:~:text=Share-,Adaptation%20Success,-Adaptation%20has%20been">superior strategy</a>. Deaths from natural disasters and weather events have fallen more than 10-fold over the past century as we have used cheap, abundant energy to tame nature. Global life expectancy has doubled since 1850 and cereal yields are up three times since 1961. These remarkable achievements have come despite, some might argue because of, the rise in temperatures and global CO2 levels.</p><p>Nuclear Power is the Answer</p><p>Turning now to the answer. For humanity to thrive, we need cheap, abundant and reliable energy. This will give us the surplus energy that we need to continue to adapt by building flood defences, improving irrigation developing new crop varieties and so on. Adaptation has the big advantage is that it works regardless of the cause of global warming or climate change. The only technology that is proven to work at scale is nuclear power. This will take time, so we need gas as a transition technology. Nuclear power has the added advantage of being energy dense, reliable and requires very little mining so has the smallest overall environmental footprint. We need <a target="_blank" href="https://davidturver.substack.com/p/nuclear-power-everywhere-all-at-once">nuclear power everywhere</a> all at once.</p><p>In conclusion, Net Zero is ineffective in achieving its primary goal and can never stop the weather changing. The impact of Net Zero policies is devastating for the economy and high productivity, energy intensive industries in particular. Renewables are not kind to the environment and the lies being told to promote them are untenable. The Net Zero cure is worse than the climate change disease.</p><p>Many thanks to Will and the team at <a target="_blank" href="https://linktr.ee/sacredcows_ldn">Sacred Cows</a> for giving me the opportunity to speak. The venue was sold out and judging by the conversations I had afterwards, the event went down very well on the night.</p><p><p>Eigen Values is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.</p></p> <br/><br/>Get full access to Eigen Values at <a href="https://davidturver.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_4">davidturver.substack.com/subscribe</a>
November 17, 2024
Episode 16: Where are the Quick Renewables?
<p>Welcome to Episode 16 of the Eigen Values podcast. This time we look the alleged rapid deployment of renewables and find that lapsed planning permissions and terminated CfDs mean that renewables are anything but quick to deploy.</p><p>This is an audio version of the article that first appeared on Substack on this link:</p><p><a target="_blank" href="https://davidturver.substack.com/p/where-are-the-quick-renewables">https://davidturver.substack.com/p/where-are-the-quick-renewables</a></p><p>Thank you for listening. Please like, share and subscribe to receive more content.</p><p>This will be the last podcast version for a little while. I am finding that I need to spend more and more time researching and writing and have no time left over for recording.</p> <br/><br/>Get full access to Eigen Values at <a href="https://davidturver.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_4">davidturver.substack.com/subscribe</a>
18 total episodes available
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