The IMF August 2021 report, IMF Surveillance and Climate Change Transition Risks is based on an analysis of all 595 Article IV reports conducted in the IMF’s 190 member countries between the signing of the Paris Agreement in December 2015 and March 2021. Article IV reports contain policy advice to countries that shape their economies for years to come. The report found:
IMF sees fossil-fuel expansion, locking developing countries into a reliance on coal and gas.
In more than half of all member countries (105), the IMF’s policy advice has supported the expansion of fossil fuel infrastructure. This is since world leaders agreed to limit global warming to 1.5C through national action to reduce emissions
One-third of countries (69), the IMF has advocated for the privatization of state-owned energy or electricity utilities to reduce public spending. Privatization can bind governments to long-term agreements with foreign investors and make it difficult for them to end fossil-based energy. The reason to privatize is that state companies are not efficient. Inefficient companies spoil resources and therefore never can be really green. Many are afraid that the new green is the old red.
One-third of all countries were advised to end energy subsidies Pushing costs onto the shoulders of ordinary citizens – rather than tackling the generous subsidies given to fossil fuel companies.
The fact is that all fossil fuels on our planet are going to get burned as long as they are cheaper than the alternative.The price from 1 MW electricity from gas is 5 Euro, from WindEnergy 60-240 EUR. The last price is for Estonia.
Offshore wind farms are build using and maintaining the old offshore shipping industry. Windfarms are the sponsor of the oil industry that maintained and build 2000 oil rigs in the North Sea alone. Now, these deep-sea ships sail the Baltics. Deep harbors are not available, hence extra sludge oil is burned, maintaining Estonian windfarms from Riga.
In the EU ALL wind farms GOT STUCK on new laws. The BIG picture shows.
2231 global offshore wind speeds, in over 1 country. Here you can find information on all the windspeeds from across the globe, whether they are Consent Application Submitted (38), Concept/Early Planning (598), Under Construction (79), Cancelled (550), Partial Generation/Under Construction (28), Fully Commissioned (216), Development Zone (267), Consent Authorised (99), Dormant (223), Pre-Construction (31), Failed Proposal (66), or Decommissioned (36).
The International Monetary Fund (IMF) describes itself as:
[A]n organization of 190 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.