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World's Cheapest Energy Source Will Be Renewables Within Three Years (qz.com)
Morgan Stanley researchers predict renewable energy will become the world's cheapest form of power within three years. An anonymous reader quotes Qz:
Renewable energy is simply becoming the cheapest option, fast... "We project that by 2020, renewables will be the cheapest form of new-power generation across the globe," with the exception of a few countries in Southeast Asia, the Morgan Stanley analysts said in a report published Thursday... Globally, the price of solar panels has fallen 50% between 2016 and 2017, they write. And in countries with favorable wind conditions, the costs associated with wind power "can be as low as one-half to one-third that of coal- or natural gas-fired power plants." Innovations in wind-turbine design are allowing for ever-longer wind blades; that boost in efficiency will also increase power output from the wind sector, according to Morgan Stanley.
The researchers also predict America will reach its Paris Climate Accord targets in 2020 -- five years early -- simply because renewables are already becoming the cheapest option for power.
The researchers also predict America will reach its Paris Climate Accord targets in 2020 -- five years early -- simply because renewables are already becoming the cheapest option for power.
Utilities are already adding storage it became cost effective about a year ago. Cheaper then adding peaker plants.
That's good, because most of the poor assholes who would otherwise mine coal are dying from either cancer, lung disease or opiate addiction. And you can thank the coal industry for all three.
Coal destroys communities.
All of what you said and literally. I give you the Centralia, Pennsylvania mine fire:
The Centralia mine fire is a coal seam fire that has been burning underneath the borough of Centralia, Pennsylvania, United States, since at least May 27, 1962.
The fire is burning in underground coal mines at depths of up to 300 feet over an eight-mile stretch of 3,700 acres.[1] At its current rate, it could burn for over 250 more years.[2]
The blaze has resulted in most of the town being abandoned. The population dwindled from 2,761 in 1890 to only 7 in 2013, and most of the buildings have been leveled.
It must have been something you assimilated. . . .
Turning the region into a resourceless dump of poverty is unlikely to improve things for anyone.
Lifting the Resource Curse probably will improve things in the long run.
This! It is quite telling that several oil companies were critical of Trump for pulling out of the Paris accords. But it's quite obvious when you look at it. E.g. BP own and operate 2.4GW worth of wind farms in the USA (14 farms) and many more internationally. Total is the second largest solar generator in the world, and even late comers like Shell just invested close to $2bn in a green energy division.
The writing is on the wall for oil, and the oil companies and preparing.