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Yes, it's harder to out-compete fossil projects that have already been built, already paid off their capital costs, and incur just operational costs going forwa
by philipkglass 8y ago
Yes, it's harder to out-compete fossil projects that have already been built, already paid off their capital costs, and incur just operational costs going forward. Some of those fossil projects (like Saudi oil fields that cost only $10/barrel) are not going to be economically forced into early retirement by any foreseeable lower-emissions energy source.
Note that there is also quite a bit of already-built fossil capacity that can be retired early by economic pressures. Not every big fossil project has operational costs as low as Saudi oil.
For example, the Navajo Generating Station is the largest American coal plant west of the Mississippi River. It was built in the 1970s. It has a stable, low cost for coal since it is supplied by the nearby dedicated Kayenta Mine. Just a few years ago it was planned to run until 2044. But the falling costs of gas and renewables have made it economically uncompetitive. It's now going to close at the end of 2019, 25 years early:
https://www.azcentral.com/story/money/business/energy/2017/02/13/utilities-vote-close-navajo-generating-station-coal-plant-2019/97866668/ https://www.azcentral.com/story/money/business/energy/2017/0...
I agree on the broader point that fossil fuel emissions won't be curbed quickly without active regulator intervention. Since that intervention may arrive late-or-never in different nations, it's one of the reasons that I believe active carbon dioxide removal measures will be necessary in addition to emissions reduction efforts.
- joe_the_user 8y agoSince that intervention may arrive late-or-never in different nations, it's one of the reasons that I believe active carbon dioxide removal measures will be necessary in addition to emissions reduction efforts. Both regulating carbon emissions and active carbon dioxide removal measures will, in the end, come down to some state or world body acting in a coordinated way to push money at this problem. It seems like people are imagining active removal would be easier in this fashion than basic regulation. Why?
- njarboe 8y agoIf most countries decide to use basic regulation but, say, Russia, does not, then the other countries could use active removal to offset the Russian emissions. Not likely a world body is forcing Russia to do anything (although if Europe stopped using their gas, they would have a lot less power).
- namibj 8y agoFind a way to build georedundant electricity links from stable solar fields in e.g. the Sahara or so, up to Europe, with a reliable capacity of ~ 1 TW or maybe even closer to 5 TW, along the feeding solar arrays, and we can use existing ways to store energy for nightly use to wean Europe of natural gas in about a decade. The largest one build seems to be 10 GW between Xinjiang and Anhui. It's still quite a bit from the scale we'd need to wean of natural gas however.