Part 1: ..ENERGY (1/2)
Part 2. ..ENERGY (2/2)
Part 3: ..MOBILITY
Part 4: ..BUILDINGS
Part 5: ..FOOD
Part 6: ..INDUSTRY
Part 7: ..FINANCE
Part 8: ..SMART ECONOMY
Part 9: ..CIRCULAR ECONOMY
Part 10: PROSUMERS & SOCIAL MODEL
Part 11: EXPLORING ECONOMIC BENEFITS
Part 12: My conclusion
This comment is on the chapter FINANCE (p.250 – 320). As I am definitively not an expert on financial matters, I will keep this part 7 very short.
There is an over-abundance of the work “sustainable”, one of the most fuzziest concepts ever devised. A yet to be established LSDFP (Luxembourg Sustainable Development Financing Platform) will play a very big role in guiding financing of mostly energy related projects.
At page 270 curiously there is again a digression into solar PV; citing two studies the total roof-top surface of Luxembourg available for PV is 16.3 km2, which should lead to a potential solar energy of 1.35 TWh per year. This number has to be compared with those given in chapter 1 (ENERGY) where we have been told that the total PV electricity potential is 7.9 TWh/year. Does this mean that 7.9-1.35 =6.55 TWh/y should be produced by solar farms ? In my opinion these different estimations and calculations have been made by different group of authors having not much interaction. Every chapter in the TIR report seems to be obliged to calculate some PV potential for Luxembourg, and from chapter to chapter the overall picture does not become clearer, but rather more fuzzy.
This chapter insists on many pages that Luxembourg should adopt and introduce the blockchain as authoritative and tamper-proof ledger, a suggestion I can applaud. This will be (or could be) very disruptive for the banking sector, as acknowledged at page 303. As Luxembourg’s University has a strong cryptographic research group, blockchain introduction could be guided by this group.
A last remark on small and big:
The TIR report proposes a Luxembourg with a myriad of very small energy and information harvesting and exchanging structures. But this is not the “small is beautiful” world of E.F. Schumacher, as the inherent intermittency and unsteadiness of these micro-structures demands the creation of ever increasing “super-structures”, as a national data vault, a gigantic blockchain representing all aspects of commerce and finance, a “super-intelligent” grid to manage the micro energy producers etc…. So first Rifkin suggests to destroy the existing big vertical structures, replace them by a nearly infinite number of micro-structures and things (the IoT), and than he sees that this new world will be manageable only by new big centralized entities.
(end of part 7)