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I'm thinking the Coal plants will be built in newly industrializing economies, as it's the cheapest way to provide constant cheap power. China is still building
by vondur 3y ago
I'm thinking the Coal plants will be built in newly industrializing economies, as it's the cheapest way to provide constant cheap power. China is still building Coal Power plants and so is India. The US hasn't built one in a decade and is closing existing ones.
- bamboozled 3y agoRenewables are cheaper than coal ?
- marcosdumay 3y agoIt's complicated. But Coal can not survive in a market where both renewables and natural gas exist. The same applies to nuclear. When they are producing energy, renewables are about an order of magnitude cheaper than coal (and falling).
- tim333 3y agoChina is building a lot for strategic reasons as they don't have much oil and gas and want to be able to keep going if say there is a war over Taiwan and sanctions block imports. However having been the world's worst offender in terms of rising CO2 output, it seems to be peaking and going into decline. See "China’s emissions set to fall in 2024 after record growth in clean energy" for example https://www.carbonbrief.org/analysis-chinas-emissions-set-to-fall-in-2024-after-record-growth-in-clean-energy/ https://www.carbonbrief.org/analysis-chinas-emissions-set-to...