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SOLVING THE PROBLEMS OF CONSUMER PROTECTION AND COMPETITION IN THE RENEWABLE ENERGY MARKET

Posted to WOGNEWS in the Clean Power Professionals Group
image credit: SOLVING THE PROBLEMS OF CONSUMER PROTECTION AND COMPETITION IN THE RENEWABLE ENERGY MARKET
Vladimir Vinogradov's picture
Owner, CEO, WOGNEWS

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The most important function of RES, which ensures the satisfaction of the basic needs of mankind in accordance with the framework convention, is the generation of energy instead of traditional energy sources (hereinafter TES). The participants in the framework convention argue that this replacement will provide that both current and future energy needs of humankind are met, stops the use of fossil carbon fuels and the emission of greenhouse gases from energy will end.

Obviously, this statement is related to meeting current public objectives in environmental protection. Therefore, it should be substantiated, or at least substantiatable and verifiable in accordance with the consumer's right to information (hereinafter - CRBI), which states:

“claims that relate to meeting current public objectives such as energy conservation, environmental protection or public health  should be substantiated, or at least substantiatable and verifiable.” – p. 79 in Manual on Consumer Protection, UNCTAD, 2019.

No RES seller in the world provides such substantiation or information for verification at present. Moreover, the IEA reported that has no such justification:

«There is no simple rule for setting the right balance, which depends on national circumstances and is influenced by the level of economic development, the degree of market liberalization, the energy import dependency, existing track record in energy efficiency and renewable energy policies, and environmental and climate change commitments.» p. «ii» in Energy Charter Protocol on energy efficiency and related environmental aspects International Energy Agency 2005.

Consequently, all claims of RES sellers that its use will provide sustainable development for humanity and prevent the predicted collapse of the economy are unreliable. Moreover, our calculations [6] showed that about 60% of the total amount of renewable energy sources is not able to fully meet both the current and future needs of mankind in energy, stop using fossil carbon fuels and the emission of greenhouse gases from the energy sector.

But UNCTAD and the participants of the UNFCCC framework convention are not discussing or solving this problem.

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