Tag: heat pumps

Germany passes impossible “green” heating legislation that will cost economy $1 TRILLION

Tina Marie (Ms. Cat)
Geopolitical Trends, w/Dr. David Oualaalou

The left-wing government of Germany has passed a controversial new “green” heating law that will force at least 65 percent of all new installed heating systems to be “renewable” energy.

Germany passes impossible “green” heating legislation that will cost economy $1 TRILLION

Related:

Germany Heating Law: How the Building Energy Act Became So Controversial

“If we really want to tackle climate change, the state has to interfere more in what had been private issues because we have to change our behavior,” Römmele said.

Germany mandates switch to heating via renewables with Building Energy Act amendment

The focus of the amendment is on new heating systems, as these are used for an average of 20 to 30 years and the government wants to ensure they are low carbon from the outset. Existing heating systems, however, can continue to be operated as before. This is a compromise reached in the legislative process to mitigate the economic hardships otherwise caused by the amendment.

Europe’s Coming Winter From Hell: Thanks for Your Sanctions War, Washington!

Tina Marie (Ms. Cat)
Source: Caitlin Johnstone

Europe’s impending depression is not to be discounted in terms of its relevance to this side of the Atlantic pond. Since the turn of the century, US exports to the European Union have soared from $12.3 billion per month to $30.4 billion. That latter amounts to $365 billion on an annual basis.

Needless to say, when European GDP descends into a double-digit slide, demand for US exports will plunge, causing declines in production and employment on this side of the Atlantic.

Europe’s Coming Winter From Hell: Thanks for Your Sanctions War, Washington!

Manchin’s Climate Reversal Comes With Major Caveat: Expanding Oil and Gas

Tina Marie (Ms. Cat)1 Comment

Conservative coal baron Sen. Joe Manchin (D-West Virginia) announced on Wednesday that he has come to an agreement with Democratic leaders for a reconciliation bill with key climate, prescription drug price and tax reforms — with a major caveat to expand oil and gas exploration.

Manchin’s Climate Reversal Comes With Major Caveat: Expanding Oil and Gas

Related:

Senate Dems reach draft deal to extend ACA premiums, lower drug costs

Also included in the Inflation Reduction Act — a bid to lower drug prices. Medicare will be allowed to negotiate the prices of some 10 pharmaceutical drugs in 2026, 15 more drugs in 2027 and 2028 and 20 more in 2029. In addition to price negotiation, the bill also imposes penalizing rebates on pharmaceutical manufacturers who hike drug costs above the rate of inflation starting next year.