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China has many hands. They will end up closing the coal plants as they turn out uncompetitive. China doesn't mind building things and leaving them unused; they
by ncmncm 4y ago
China has many hands. They will end up closing the coal plants as they turn out uncompetitive. China doesn't mind building things and leaving them unused; they have millions of hi-rise apartments that will never be occupied, and indeed have no plumbing or wiring because that was known up front.
- Alupis 4y agoThat is definitely a different thing though - it's well known China was playing games to artificially manipulate their GDP and currency. The coal plants are actually being used because they have demand for the produced power.
- ncmncm 4y agoYes, but operating them costs a lot more than the renewables being built out. Similarly, for the nukes under construction. So, as the renewables come online, more expensive generation will go offline. That stuff will all be mothballed because continuing to operate it costs a lot more than shutting it down. China has the advantage that they do not need to continue operating expensive equipment just because it was expensive.