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thegreatdivide

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Re: privatisation
Reply #615 - Jul 1^st, 2024 at 4:59pm

John Quiggins facing up to the limits of private sector 'market friendly' privatization:

https://theconversation.com/achieving-net-zero-with-renewables-or-nuclear-means-...

Achieving net zero with renewables or nuclear means rebuilding the hollowed-out public service after decades of cuts

Opposition Leader Peter Dutton’s plan to build seven nuclear power plants in Australia has attracted plenty of critical attention. But there’s a striking feature which has received relatively little discussion or criticism: the nuclear plants would be publicly owned and operated, similar to the National Broadband Network (NBN).

On the contrary, it received enthusiastic endorsement from free-market advocates such as The Australian’s Judith Sloan, who observed: “It’s how the French nuclear plants were first constructed.” It is also the way Australia built its biggest single piece of energy infrastructure, the Snowy Mountains Scheme.

But there’s a fundamental problem here. Over the last three or four decades the federal public service has been hollowed out in the name of “new public management”. This became very clear during the COVID pandemic, when state governments – who have preserved their ability to act far better – ran most of the response. There is a very real question over whether we have the governmental capacity to achieve net zero.

(see more in the linked article)

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Frank

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Re: privatisation
Reply #616 - Jul 1^st, 2024 at 7:42pm

thegreatdivide wrote on Jul 1^st, 2024 at 4:59pm:

John Quiggins facing up to the limits of private sector 'market friendly' privatization:

https://theconversation.com/achieving-net-zero-with-renewables-or-nuclear-means-...

Achieving net zero with renewables or nuclear means rebuilding the hollowed-out public service after decades of cuts

Opposition Leader Peter Dutton’s plan to build seven nuclear power plants in Australia has attracted plenty of critical attention. But there’s a striking feature which has received relatively little discussion or criticism: the nuclear plants would be publicly owned and operated, similar to the National Broadband Network (NBN).

On the contrary, it received enthusiastic endorsement from free-market advocates such as The Australian’s Judith Sloan, who observed: “It’s how the French nuclear plants were first constructed.” It is also the way Australia built its biggest single piece of energy infrastructure, the Snowy Mountains Scheme.

But there’s a fundamental problem here. Over the last three or four decades the federal public service has been hollowed out in the name of “new public management”. This became very clear during the COVID pandemic, when state governments – who have preserved their ability to act far better – ran most of the response. There is a very real question over whether we have the governmental capacity to achieve net zero.

(see more in the linked article)

Silly nonsense by a tenured academic on $280k.

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Estragon: I can’t go on like this.
Vladimir: That’s what you think.

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thegreatdivide

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Re: privatisation
Reply #617 - Jul 2^nd, 2024 at 12:13pm

Frank wrote on Jul 1^st, 2024 at 7:42pm:

thegreatdivide wrote on Jul 1^st, 2024 at 4:59pm:

John Quiggins facing up to the limits of private sector 'market friendly' privatization:

https://theconversation.com/achieving-net-zero-with-renewables-or-nuclear-means-...

Achieving net zero with renewables or nuclear means rebuilding the hollowed-out public service after decades of cuts

Opposition Leader Peter Dutton’s plan to build seven nuclear power plants in Australia has attracted plenty of critical attention. But there’s a striking feature which has received relatively little discussion or criticism: the nuclear plants would be publicly owned and operated, similar to the National Broadband Network (NBN).

On the contrary, it received enthusiastic endorsement from free-market advocates such as The Australian’s Judith Sloan, who observed: “It’s how the French nuclear plants were first constructed.” It is also the way Australia built its biggest single piece of energy infrastructure, the Snowy Mountains Scheme.

But there’s a fundamental problem here. Over the last three or four decades the federal public service has been hollowed out in the name of “new public management”. This became very clear during the COVID pandemic, when state governments – who have preserved their ability to act far better – ran most of the response. There is a very real question over whether we have the governmental capacity to achieve net zero.

(see more in the linked article)

Silly nonsense by a tenured academic on $280k.

Er...you didn't even attempt to identify his "nonsense", let alone refute it.

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thegreatdivide

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Re: privatisation
Reply #618 - Feb 19^th, 2025 at 5:09pm

(AAP)

Steelworks forced into administration to 'save' future

The Whyalla Steelworks has been placed into administration after the South Australian government rushed legislation through parliament and pledged "one of the most comprehensive industry support packages that this nation has ever seen".

The move gives the government authority to act on debts owed by GFG Alliance and secure the future of the mid-north operations.

Standing orders were suspended in parliament on Wednesday for the legislation to pass the lower and upper houses.

"GFG is no longer running the steelworks and associated mines," Premier Peter Malinauskas said.

GFG has been under intense pressure from the government to pay debts to creditors of the Whyalla Steelworks and the state, which is owed "tens of millions of dollars", including $15 million to SA Water.

Mr Malinauskas said the steelworks had been placed in the hands of an administrator to stabilise operations and explore a possible sale.

"It is unacceptable for such an important critical piece of economic infrastructure for the nation to be in a situation where its ongoing operations are so severely compromised," he said.

In Whyalla on Thursday, he would announce "one of the most comprehensive industry support packages that this nation has ever seen".

"Our mind turns to providing support for the industry and for the people that work within it, to be able to secure sovereign steel making in this country, not a bailout for GFG," the premier said.

The state has appointed KordaMentha as an administrator of OneSteel Manufacturing Pty Ltd under section 436C of the Corporations Act 2001.

OneSteel is part of the GFG corporate group and is the legal entity that owns and operates the Whyalla steelworks and associated mines.

KordaMentha has advised the government it intends to appoint an experienced special adviser to assist the administration and is engaging with parties including BlueScope.

The administrator is fully funded "and that will mean that bills get paid", Mr Malinauskas said.

The move comes after months of uncertainty at the steelworks and reassurances from its chairman, UK billionaire Sanjeev Gupta.

Last Friday, Mr Gupta said a debt settlement deal had been reached with creditors of global financier Greensill Capital, which had advanced billions of dollars in credit to GFG before it collapsed in 2021.

This week, he said the steelworks was turning over $13-$14 million a week and hoped to be breaking even by mid-year.

The company announced in January the plant had cast its first steel following a four-month shutdown that halted production and cost the company millions of dollars.

Minister for Energy and Mining Tom Koutsantonis said that since 2017-18, GFG had iron ore sales values totalling $7.825 billion from its SA operations and steel sales of $4.8 billion since 2019-20.

"In the same period, we have seen nearly $800 million sent offshore … this is not a Whyalla problem - it is a GFG problem," he said.

Opposition Leader Vincent Tarzia said the government was in chaos and Mr Malinauskas was scrambling because he had allowed the situation to spiral.

"Peter Malinauskas has just fired a cannonball through the heart of the South Australian economy and left a mess for future generations to clean up," he said.

A report from the McKell Institute's SA branch released on Wednesday said Australia would become "dangerously dependent" on Chinese steel imports if the steelworks were to fail.

"That would leave us completely exposed to coercion from strategic adversaries," chief executive Ed Cavanough said.

"The Whyalla Steelworks (are) the only manufacturer of 'long steel' products which are core inputs into Australia's transport, construction and manufacturing industries."

....

Another example of private enterprise failing to successfully operate an essential business.

The usual suspects are already squawking: "the government shouldn't get invloved, let the market sort it out"...but even Trump knows markets don't always work and government intervention is necessary (hence his much-reviled tariffs....).

Tarzia of course is merely squawking hot air; he says the government should have intervened long ago "to prevent the situation from spiralling out of control" forgetting such a move is against Liberal free-market ideology.

Rex Patrick is right: the fedeal government should own and invest 3-4 billion in this vital industry, a key part of Oz plans to be a green steel exporter, using the excellent hematite ore near Whyalla with its developed infrastrucure (ports, transport links etc) and renewable energy resources (sun/wind).

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lee

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Re: privatisation
Reply #619 - Feb 19^th, 2025 at 5:35pm

thegreatdivide wrote on Feb 19^th, 2025 at 5:09pm:

Rex Patrick is right: the fedeal government should own and invest 3-4 billion in this vital industry, a key part of Oz plans to be a green steel exporter, using the excellent hematite ore near Whyalla with its developed infrastrucure (ports, transport links etc) and renewable energy resources (sun/wind).

Poor tgd, still hasn't got the message "green steel" is a non-starter. Sun and wind don't provide enough dispatchable energy. It varies too much. "Green hydrogen" also is a loss maker. Even with tax credits (subsidies). Roll Eyes

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Daves2017 Gold Member Offline Australian Politics Posts: 1389 Gender:	Re: Modern Monetary Theory (MMT) Reply #620 - Feb 19^th, 2025 at 6:10pm freediver wrote on Apr 10^th, 2022 at 7:53pm: For far more fundamental reasons - the government should not be running these businesses in the first place. What businesses do you think the government should be running?
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Grappler Deep State Feller

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Re: privatisation
Reply #621 - Feb 19^th, 2025 at 6:15pm

The alpha steel works manager leaps out of bed with a plan - he sees the golden opportunity in front of him - and sets about working out the nuts and bolts of a full re-tooling of the steelmaking enterprise with totally up to date cutting edge equipment and processes, while getting the pumps going to pour cold water on politicians with their dreamy ideas to wake them up, and letting them know that a huge Outback rail network to bring raw materials to productions site and move finished products to where they are put to use in ship-building, next stage processing into daily use goods etc like iron for building ... is a national MUST, and that new cities should rise on the ashes (sic) of the old foundries, all built around the most modern technology, planning and energy-saving measures, so that the Australian steel industry - value adding its own raw materials, will rise like a phoenix in the flames of new foundries creating employment and value adding for the nation as a whole....

(pauses for breath) .....

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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freediver Gold Member Offline www.ozpolitic.com Posts: 49542 At my desk.	Re: Modern Monetary Theory (MMT) Reply #622 - Feb 20^th, 2025 at 10:05am Daves2017 wrote on Feb 19^th, 2025 at 6:10pm: freediver wrote on Apr 10^th, 2022 at 7:53pm: For far more fundamental reasons - the government should not be running these businesses in the first place. What businesses do you think the government should be running? None that come to mind.
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Gnads

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Re: privatisation
Reply #623 - Feb 20^th, 2025 at 10:14am

thegreatdivide wrote on Feb 19^th, 2025 at 5:09pm:

(AAP)

Steelworks forced into administration to 'save' future

The Whyalla Steelworks has been placed into administration after the South Australian government rushed legislation through parliament and pledged "one of the most comprehensive industry support packages that this nation has ever seen".

The move gives the government authority to act on debts owed by GFG Alliance and secure the future of the mid-north operations.

Standing orders were suspended in parliament on Wednesday for the legislation to pass the lower and upper houses.

"GFG is no longer running the steelworks and associated mines," Premier Peter Malinauskas said.

GFG has been under intense pressure from the government to pay debts to creditors of the Whyalla Steelworks and the state, which is owed "tens of millions of dollars", including $15 million to SA Water.

Mr Malinauskas said the steelworks had been placed in the hands of an administrator to stabilise operations and explore a possible sale.

"It is unacceptable for such an important critical piece of economic infrastructure for the nation to be in a situation where its ongoing operations are so severely compromised," he said.

In Whyalla on Thursday, he would announce "one of the most comprehensive industry support packages that this nation has ever seen".

"Our mind turns to providing support for the industry and for the people that work within it, to be able to secure sovereign steel making in this country, not a bailout for GFG," the premier said.

The state has appointed KordaMentha as an administrator of OneSteel Manufacturing Pty Ltd under section 436C of the Corporations Act 2001.

OneSteel is part of the GFG corporate group and is the legal entity that owns and operates the Whyalla steelworks and associated mines.

KordaMentha has advised the government it intends to appoint an experienced special adviser to assist the administration and is engaging with parties including BlueScope.

The administrator is fully funded "and that will mean that bills get paid", Mr Malinauskas said.

The move comes after months of uncertainty at the steelworks and reassurances from its chairman, UK billionaire Sanjeev Gupta.

Last Friday, Mr Gupta said a debt settlement deal had been reached with creditors of global financier Greensill Capital, which had advanced billions of dollars in credit to GFG before it collapsed in 2021.

This week, he said the steelworks was turning over $13-$14 million a week and hoped to be breaking even by mid-year.

The company announced in January the plant had cast its first steel following a four-month shutdown that halted production and cost the company millions of dollars.

Minister for Energy and Mining Tom Koutsantonis said that since 2017-18, GFG had iron ore sales values totalling $7.825 billion from its SA operations and steel sales of $4.8 billion since 2019-20.

"In the same period, we have seen nearly $800 million sent offshore … this is not a Whyalla problem - it is a GFG problem," he said.

Opposition Leader Vincent Tarzia said the government was in chaos and Mr Malinauskas was scrambling because he had allowed the situation to spiral.

"Peter Malinauskas has just fired a cannonball through the heart of the South Australian economy and left a mess for future generations to clean up," he said.

A report from the McKell Institute's SA branch released on Wednesday said Australia would become "dangerously dependent" on Chinese steel imports if the steelworks were to fail.

"That would leave us completely exposed to coercion from strategic adversaries," chief executive Ed Cavanough said.

"The Whyalla Steelworks (are) the only manufacturer of 'long steel' products which are core inputs into Australia's transport, construction and manufacturing industries."

....

Another example of private enterprise failing to successfully operate an essential business.

The usual suspects are already squawking: "the government shouldn't get invloved, let the market sort it out"...but even Trump knows markets don't always work and government intervention is necessary (hence his much-reviled tariffs....).

Tarzia of course is merely squawking hot air; he says the government should have intervened long ago "to prevent the situation from spiralling out of control" forgetting such a move is against Liberal free-market ideology.

Rex Patrick is right: the fedeal government should own and invest 3-4 billion in this vital industry, a key part of Oz plans to be a green steel exporter, using the excellent hematite ore near Whyalla with its developed infrastrucure (ports, transport links etc) and renewable energy resources (sun/wind).

If the renewable energy system was so good/reliable why doesn't Peter Malinauskas go to the SA/Victorian border an switch off the interconnector to the Victorian grid?

That's right - he's not game because in reality Victorian brown coal is still powering Sth Australias economy & industry like the Whyalla Steel works.

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thegreatdivide

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Re: privatisation
Reply #624 - Feb 20^th, 2025 at 3:29pm

Gnads wrote on Feb 20^th, 2025 at 10:14am:

thegreatdivide wrote on Feb 19^th, 2025 at 5:09pm:

(AAP)

Steelworks forced into administration to 'save' future

The Whyalla Steelworks has been placed into administration after the South Australian government rushed legislation through parliament and pledged "one of the most comprehensive industry support packages that this nation has ever seen".

The move gives the government authority to act on debts owed by GFG Alliance and secure the future of the mid-north operations.
.....
Mr Malinauskas said the steelworks had been placed in the hands of an administrator to stabilise operations and explore a possible sale.

"It is unacceptable for such an important critical piece of economic infrastructure for the nation to be in a situation where its ongoing operations are so severely compromised," he said.

In Whyalla on Thursday, he would announce "one of the most comprehensive industry support packages that this nation has ever seen".

"Our mind turns to providing support for the industry and for the people that work within it, to be able to secure sovereign steel making in this country, not a bailout for GFG," the premier said.

The state has appointed KordaMentha as an administrator of OneSteel Manufacturing Pty Ltd under section 436C of the Corporations Act 2001.

OneSteel is part of the GFG corporate group and is the legal entity that owns and operates the Whyalla steelworks and associated mines.

KordaMentha has advised the government it intends to appoint an experienced special adviser to assist the administration and is engaging with parties including BlueScope.

The administrator is fully funded "and that will mean that bills get paid", Mr Malinauskas said.

The move comes after months of uncertainty at the steelworks and reassurances from its chairman, UK billionaire Sanjeev Gupta.

Last Friday, Mr Gupta said a debt settlement deal had been reached with creditors of global financier Greensill Capital, which had advanced billions of dollars in credit to GFG before it collapsed in 2021.

This week, he said the steelworks was turning over $13-$14 million a week and hoped to be breaking even by mid-year.

The company announced in January the plant had cast its first steel following a four-month shutdown that halted production and cost the company millions of dollars.

Minister for Energy and Mining Tom Koutsantonis said that since 2017-18, GFG had iron ore sales values totalling $7.825 billion from its SA operations and steel sales of $4.8 billion since 2019-20.

"In the same period, we have seen nearly $800 million sent offshore … this is not a Whyalla problem - it is a GFG problem," he said.

Opposition Leader Vincent Tarzia said the government was in chaos and Mr Malinauskas was scrambling because he had allowed the situation to spiral.

"Peter Malinauskas has just fired a cannonball through the heart of the South Australian economy and left a mess for future generations to clean up," he said.

A report from the McKell Institute's SA branch released on Wednesday said Australia would become "dangerously dependent" on Chinese steel imports if the steelworks were to fail.

"That would leave us completely exposed to coercion from strategic adversaries," chief executive Ed Cavanough said.

"The Whyalla Steelworks (are) the only manufacturer of 'long steel' products which are core inputs into Australia's transport, construction and manufacturing industries."

....

Another example of private enterprise failing to successfully operate an essential business.

The usual suspects are already squawking: "the government shouldn't get invloved, let the market sort it out"...but even Trump knows markets don't always work and government intervention is necessary (hence his much-reviled tariffs....).

Tarzia of course is merely squawking hot air; he says the government should have intervened long ago "to prevent the situation from spiralling out of control" forgetting such a move is against Liberal free-market ideology.

Rex Patrick is right: the fedeal government should own and invest 3-4 billion in this vital industry, a key part of Oz plans to be a green steel exporter, using the excellent hematite ore near Whyalla with its developed infrastrucure (ports, transport links etc) and renewable energy resources (sun/wind).

If the renewable energy system was so good/reliable why doesn't Peter Malinauskas go to the SA/Victorian border an switch off the interconnector to the Victorian grid?

Er...a renewable energy grid depends on 'collecting' sun and wind from the largest possible area (including the nations' rooftops tops) requiring an [b]inteconnected" grid to allow for changing local weather conditions.

Quote:

That's right - he's not game because in reality Victorian brown coal is still powering Sth Australias economy & industry like the Whyalla Steel works.

Sometimes SA has excess power it can deliver to the East, even before the necessary big batteries are commissioned in SA and across the nation.

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thegreatdivide

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Re: privatisation
Reply #625 - Feb 20^th, 2025 at 3:38pm

Grappler Deep State Feller wrote on Feb 19^th, 2025 at 6:15pm:

The alpha steel works manager leaps out of bed with a plan - he sees the golden opportunity in front of him - and sets about working out the nuts and bolts of a full re-tooling of the steelmaking enterprise with totally up to date cutting edge equipment and processes, while getting the pumps going to pour cold water on politicians with their dreamy ideas to wake them up, and letting them know that a huge Outback rail network to bring raw materials to productions site and move finished products to where they are put to use in ship-building, next stage processing into daily use goods etc like iron for building ... is a national MUST, and that new cities should rise on the ashes (sic) of the old foundries, all built around the most modern technology, planning and energy-saving measures, so that the Australian steel industry - value adding its own raw materials, will rise like a phoenix in the flames of new foundries creating employment and value adding for the nation as a whole....

(pauses for breath) .....

Now that you have paused for a breathe: should the new manager of this enterprise we all agree is vital for Oz, (except for some blind 'free market'-ideologue losers like FD) - should the manager be the government or the private sector?

Which boils down to: who will reap the profits from this vital national-wealth-creating enterprise?

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lee

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Re: privatisation
Reply #626 - Feb 20^th, 2025 at 4:16pm

thegreatdivide wrote on Feb 20^th, 2025 at 3:29pm:

Er...a renewable energy grid depends on 'collecting' sun and wind from the largest possible area (including the nations' rooftops tops) requiring an [b]inteconnected" grid to allow for changing local weather conditions.

Ahuh. Drag those solar panels and wind farms to where the sun is shining and the wind is blowing... "it is blowing or shining somewhere". Roll Eyes

I see that despite GFG not paying taxes, the Labour governments want to fund Whyalla Steel to continue. I wonder if the new company will get the not paid tax credits? Roll Eyes

"The federal and South Australian governments will tip in $2.4 billion for upgrades to the Whyalla steelworks and other short-term support to lure a new buyer and put the manufacturing operation back on a sustainable footing."

https://www.afr.com/politics/federal/whyalla-steelworks-gets-2-4b-bailout-202502...

"The current scale of the Whyalla steelworks, about 1.2 million tonnes of raw steel per year, is simply too small to be competitive. It is operating in a market where plants producing more than 3 million tonnes per year are common."

https://theconversation.com/with-whyalla-steelworks-forced-into-administration-a...

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thegreatdivide

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Re: privatisation
Reply #627 - Feb 20^th, 2025 at 5:02pm

lee wrote on Feb 20^th, 2025 at 4:16pm:

thegreatdivide wrote on Feb 20^th, 2025 at 3:29pm:

Er...a renewable energy grid depends on 'collecting' sun and wind from the largest possible area (including the nations' rooftops) requiring an inteconnected grid to allow for changing local weather conditions.

Ahuh. Drag those solar panels and wind farms to where the sun is shining and the wind is blowing... "it is blowing or shining somewhere". Roll Eyes

Poor crippled brain lee shows up: no need to "drag" anything, you build it where required.

Quote:

I see that despite GFG not paying taxes, the Labour governments want to fund Whyalla Steel to continue. I wonder if the new company will get the not paid tax credits? Roll Eyes

GFG are a defunct private company; governments can deficit spend, to grow the economy.

Quote:

"The federal and South Australian governments will tip in $2.4 billion for upgrades to the Whyalla steelworks and other short-term support to lure a new buyer and put the manufacturing operation back on a sustainable footing."

An excellent course of action - for the nation, as well the people of Whyalla who are very relieved and happy with today's announcement.

Only lee iand other freemarket ideologues are complaining - even Dutton is on board.

Quote:

https://www.afr.com/politics/federal/whyalla-steelworks-gets-2-4b-bailout-202502...

"The current scale of the Whyalla steelworks, about 1.2 million tonnes of raw steel per year, is simply too small to be competitive. It is operating in a market where plants producing more than 3 million tonnes per year are common."

Ah - free market ideology gone mad: Oz itself is "too small" to "be competitve" in the production of many vital goods, in today's global economy.

So apart from mining and farming - what else?

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lee

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Re: privatisation
Reply #628 - Feb 20^th, 2025 at 5:21pm

thegreatdivide wrote on Feb 20^th, 2025 at 5:02pm:

no need to "drag" anything, you build it where required.

That doesn't overcome the problem of the sun not shining, or the wind not blowing where you have them. Roll Eyes

thegreatdivide wrote on Feb 20^th, 2025 at 5:02pm:

GFG are a defunct private company; governments can deficit spend, to grow the economy.

And if there is no new company after the spend? Who holds that bucket of shite... the taxpayer. There is no requirement for a new company to grow the business. Roll Eyes

thegreatdivide wrote on Feb 20^th, 2025 at 5:02pm:

An excellent course of action - for the nation, as well the people of Whyalla who are very relieved and happy with today's announcement.

Until such time as it turns to shite. But they will be happy until then. Roll Eyes

thegreatdivide wrote on Feb 20^th, 2025 at 5:02pm:

Only lee iand other freemarket ideologues are complaining - even Dutton is on board.

Just another Politician scrambling to get elected. Roll Eyes

thegreatdivide wrote on Feb 20^th, 2025 at 5:02pm:

Ah - free market ideology gone mad: Oz itself is "too small" to "be competitve" in the production of many vital goods, in today's global economy.

Yes. Cars, televisions, steel. So what you want is a massive tariff overhaul to make imported goods more expensive than locally produced goods. Roll Eyes

But lovely China will provide. /sarc Cool

thegreatdivide wrote on Feb 20^th, 2025 at 5:02pm:

So apart from mining and farming - what else?

Nothing that comes from the Green Wet Dream, that only makes goods more expensive. Just why are subsidies so high for renewables? Roll Eyes

Remember that thing about South Australia having 7 day solar and wind droughts? How big a battery would you need to for a new steel plant as well as the ongoing electrification of SA. You know removing gas, more EV's on the road, more "efficient" washers that don't wash as hot, but then need to be washed twice. Those kinds of things. Roll Eyes

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lee

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Re: privatisation
Reply #629 - Feb 20^th, 2025 at 5:34pm

BTW - Did you see Climate Change (AGW) seems to be slowing wind speeds in Europe. Should it not apply in Australia also?

"Global warming is driving down wind speeds during European summers, putting additional stress on the region’s energy systems as soaring temperatures boost cooling demand, new research shows.

That phenomenon — known as “stilling” — is driven by amplified warming of both the land and the troposphere, the layer of atmosphere closest to the earth’s surface, said lead researcher Gan Zhang, a climate scientist and professor at the University of Illinois Urbana-Champaign.

The decline in wind speeds, which is also occurring in other northern mid-latitude regions such as North America, is projected to be less than 5% over the period from 2021 to 2050. But even small drops translate into major swings in wind power generation, according to Zhang."

https://www.bloomberg.com/news/articles/2025-02-17/global-warming-could-be-makin...

or

https://iopscience.iop.org/article/10.1088/1748-9326/adb1f8

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