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> it's hard to know whether this is really a big deal or just a normal retirement of older power plants for newer, cleaner alternatives. Why isn't retirement o

• systemtheory 12y ago
  retirement marks a shift in fundamentals. the financial markets are beginning to price in climate change issues.[0] Bloomberg, being a financial markets data company, is remarking on the market implications of this story. refinements to existing power supply sources are generally already priced in, as they happen gradually and are well understood. the price implications of fundamental shifts are by nature less not priced in except as risk. also worth noting, in financial jargon everything can be boiled down to it's "price". so to say that they are discussing its pricing implications is not to say they are ignoring or not discussing the environmental implications. rather, the environmental implications (positive and negative) are reflected in the price. [0] http://www.bloomberg.com/news/articles/2014-05-15/climate-change-to-hit-sovereign-creditworthiness-s-p http://www.bloomberg.com/news/articles/2014-05-15/climate-ch...
• GeneralMayhem 12y ago
  >If it's a lot of power plants That's exactly the problem, though. If you don't already know something about the power industry, there's no way to tell from the article whether this is "a lot" (enough to be an intentional trend) or just one or two aging out.