4 ms·
Coal plants in Australia, the UK and Germany are "closing"? Yeah, sure. They'll be "closing" for several decades to come, because neither country has a solution
by gridlockd 7y ago
Coal plants in Australia, the UK and Germany are "closing"? Yeah, sure. They'll be "closing" for several decades to come, because neither country has a solution for its energy needs.
There should be a financial instrument to bet against governments making good on their grandiose plans for green energy. That might raise the odds of them actually succeeding.
- dragonwriter 7y ago> There should be a financial instrument to bet against governments making good on their grandiose plans for green energy. Effectively, there is: you purchase securities relating to the industries that would be negatively impacted if the plans were realized (e.g., for the things you are talking about here, coal industry stocks.)
- gridlockd 7y agoThis isn't quite the same, because governments can simultaneously ruin these businesses while still failing on their goals.