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Renewable and natural gas generation is approaching or undercutting the marginal cost of operating coal plants in many areas. This isn't accounting for amortize
by Obi_Juan_Kenobi 7y ago
Renewable and natural gas generation is approaching or undercutting the marginal cost of operating coal plants in many areas. This isn't accounting for amortized costs of coal plant construction, simply the fuel and operations cost. So coal is well on it's way out. China and India have all but stopped planning new plants.
Natural gas is some ways away from being overtaken by renewables, but trends need only hold for a fairly short period for that crossover to occur.
The future isn't all rainbows yet, but things do seem to be headed in the right direction. Economics strongly disfavor the carbon economy going forward.
- woodandsteel 7y agoFossil fuels in general are on their way out. If someone doesn't believe it, they should do a google search on stranded assets.