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The definition of committed here is ‘operated as historically,’ so this isn’t as bad as it might seem.
by tschwimmer 7y ago
The definition of committed here is ‘operated as historically,’ so this isn’t as bad as it might seem.
- tialaramex 7y agoIt takes considerable additional politician will, and in countries under democracy that will must be sustained over a longer period, to strand existing assets (e.g. shut a perfectly good CCGT power plant) rather than just not build more. If the US had no coal power in 2016 nobody would have built it starting 2017 on the hope than Trump is in office until 2024 and doesn't wake up one day determined that actually coal is bad. Too risky. But seeing good news on the horizon might mean a plant is idled not closed, or you keep four of six plants instead of two of six. It adds up.
- shoo 7y agodown here in australia our newly reelected federal government is trying to figure out what new public subsidies they can give to prop up their mates who run australia's local coal mining and coal burning industries