Two highly qualified Google engineers who have spent years studying and trying to improve renewable energy technology have stated quite bluntly that renewables will never permit the human race to cut CO2 emissions to the levels demanded by climate activists. Whatever the future holds, it is not a renewables-powered civilization and such a thing is impossible.
Both men are Stanford PhDs, Ross Koningstein having trained in aerospace engineering and David Fork in applied physics.
“At the start of RE<C, we had shared the attitude of many stalwart environmentalists: We felt that with steady improvements to today’s renewable energy technologies, our society could stave off catastrophic climate change. We now know that to be a false hope… Renewable energy technologies simply won’t work; we need a fundamentally different approach,” the two men wrote.
The week’s biggest mover on the weekly Renewables MMI®, Japanese steel plate jumped 5.3% to close at JPY 80,000 ($675.09) per metric ton. At $843.00 per short ton, the week finished with no movement for US steel plate. Korean steel plate prices held steady from the previous week at KRW 900,000 ($808.64) per metric ton.
Chinese renewables prices were mixed for the week. Neodymium fell 1.4% over the past week to CNY 350,000 ($56,990) per metric ton. Chinese cobalt cathodes saw a 0.9% decline over the past week to CNY 215,000 ($35,008) per metric ton. Following a steady week, prices for silicon closed flat at CNY 12,600 ($2,052) per metric ton. Chinese steel plate remained essentially flat from the previous week at CNY 3,290 ($535.71) per metric ton.
US grain-oriented electrical steel (GOES) saw essentially no change for the fifth day in a row, remaining around $2,658 per metric ton.
The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends. For more information on the Renewables MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.