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> you really not remember? https://tradingeconomics.com/commodity/coal https://tradingeconomics.com/commodity/coal Looks like a black swan to me, prices stead
by ikt 4y ago
> you really not remember?
https://tradingeconomics.com/commodity/coal https://tradingeconomics.com/commodity/coal
Looks like a black swan to me, prices steady and trending downwards over the previous 20 years until Covid/Russian invasion which resulted in insane Euro demand
> Not moving on, as record production and demand shows.
https://opennem.org.au/energy/sa1/?range=all&interval=1M https://opennem.org.au/energy/sa1/?range=all&interval=1M
We can see that renewables are soaking up a lot of the increase in demand, for example you can see South Australia go from coal and gas making up 100% of supply 10 years ago to just gas making up 16% and with the installation of new batteries and hydrolisers in the next few years to drop even further.
It just so happens that SA went hard on renewables because they had some of the most expensive power in the world. I'm sorry that it's not impressive to you. :(
You can also see my home state of Queensland: https://opennem.org.au/energy/qld1/?range=all&interval=1M https://opennem.org.au/energy/qld1/?range=all&interval=1M
Increases in power demand are being met by renewables and it's now taking a bite out of fossil fuels with the largest ever investments by a long shot this year. I've never seen so much money thrown at an issue.
They are also all connected to an Australian grid which connects SA, VIC, NSW, QLD and TAS together, so when for example SA has excess cheap renewable power it can export it to another state reducing their power costs and thus their fossil fuel usage.
> obviously that state is still burning a lot of gas to generate electricity.
Yes but the point is that it has gone down significantly over the last 10 years and this is happening all over the world.
We'll also soon be helping power Singapore:
https://www.abc.net.au/news/2020-07-30/nt-sun-cables-australia-project-awarded-major-project-status/12506516 https://www.abc.net.au/news/2020-07-30/nt-sun-cables-austral...
> is not going to cut it for climate change though.
At the end of the day if China/India/Vietnam and Indonesia seek to continue to build coal power plants then that's on them and I will continue to push against buying things made in those countries.
Is coal dead? no definitely not, will renewables have replaced significant amounts of coal in the next 20 years, I'd bet the house.