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The economics are pretty strikingly in favour of renewables and batteries, and one thing China does not have is cheap natural gas.
by rgmerk 10mo ago
The economics are pretty strikingly in favour of renewables and batteries, and one thing China does not have is cheap natural gas.
- AuthAuth 10mo agoIn the past 5 years do you think China has added more solar or more coal power?
- pfdietz 10mo agoWhy would that matter? PV and storage costs change very rapidly, so going even five years into the past would be very misleading.
- AuthAuth 10mo agoIf they can change rapidly how can you confidently assert the peak was this year?
- pfdietz 10mo agoBecause coal use was increasing before this year, but the increase was very small this year. So, continued rapid installation of solar/wind/storage will likely lead to a decline in coal use next year. What, you think continued rapid decrease in cost of solar and storage will somehow make this not happen?