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I disagree with your tone. Fossil fuel generation is collapsing. The early 2000s were when carbon credit trading started to become a thing and emissions taxes
by oliwarner 5y ago
I disagree with your tone.
Fossil fuel generation is collapsing. The early 2000s were when carbon credit trading started to become a thing and emissions taxes were more significant. By 2004 it was cheaper to import (eg) French Nuclear energy than have to offset the emissions of coal and gas. And in that respect, the scheme did exactly what it was designed to do. Renewable generation is climbing rapidly (and diversifying) even without the old solar FIT subsidies.
We still need more supply, and storage, to tank the unit price (so we can dump gas!) but I don't think gross energy generation or export is a fair metric. Especially if you're weighing my comfort solely on the price-per-unit, and not (eg) my grandchildren having air to breathe.