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Environment & Energy
Showing Original Post only (View all)Cheap Coal Is Dead. Long Live Renewable Age [View all]
Cheap Coal Is Dead. Long Live Renewable AgeBy Carl Pope, Bloomberg
Part 1
June 20, 2012
"Sustainable Energy for All" is the main theme for this week's Rio+20 United Nations gathering in Brazil. The challenge of making energy both accessible and sustainable has grown more complicated in the past year or so, and also more exciting. These are tough times for coal and other high-carbon sources of energy, while the news about clean energy is more promising.
In March, the power generating arm of Indias largest conglomerate, the Tata Group, announced that it was shifting its investment strategy from coal-fired thermal plants to wind and solar renewable projects. Coal projects, Tata said, were becoming impossible to develop, and investment in them had stopped.
With this declaration, one of Asias biggest energy players confirmed an emerging reality. The U.S., Europe, Russia, Australia and Japan all had created modern consumer economies dependent on abundant, cheap fossil-fuel energy. In the 21st century that is no longer viable; the high-carbon growth path is closing.
The reason is cost....
June 20, 2012
"Sustainable Energy for All" is the main theme for this week's Rio+20 United Nations gathering in Brazil. The challenge of making energy both accessible and sustainable has grown more complicated in the past year or so, and also more exciting. These are tough times for coal and other high-carbon sources of energy, while the news about clean energy is more promising.
In March, the power generating arm of Indias largest conglomerate, the Tata Group, announced that it was shifting its investment strategy from coal-fired thermal plants to wind and solar renewable projects. Coal projects, Tata said, were becoming impossible to develop, and investment in them had stopped.
With this declaration, one of Asias biggest energy players confirmed an emerging reality. The U.S., Europe, Russia, Australia and Japan all had created modern consumer economies dependent on abundant, cheap fossil-fuel energy. In the 21st century that is no longer viable; the high-carbon growth path is closing.
The reason is cost....
http://www.renewableenergyworld.com/rea/news/article/2012/06/cheap-coal-is-dead-long-live-renewable-age-part-1
Part 2
June 21, 2012
With oil costing close to $100 a barrel, and most imported Asian coal about $120 a ton, fossil energy costs are crippling emerging economies in Asia and Africa. Although renewable alternatives are far less costly than they were even two years ago, they still can't match the cheap coal and oil that Asia and Africa had counted on.
Fortunately, if Asia and Africa embrace bottom-up renewable strategies, they can restrain energy costs, while leapfrogging dirty energy into the emerging post-fossil global economy. What are bottom-up strategies? They vary based on markets and geography. What they share is a realization that not all electrons are equal; some are worth far more than others, depending, in part, on their proximity to markets. To make a renewable revolution low-cost, countries should roll out solar and wind projects, investing first in those locales where fossil fuels are most expensive.
There are 1.4 billion people without electricity, most of whom arent expected to have it for decades. These are the worlds poorest. Counterintuitively, they can best afford the most sophisticated lighting LED lights powered by off-grid solar panels.
Costly Lighting
The poor already pay a lot for light, mostly from burning kerosene and candles....
June 21, 2012
With oil costing close to $100 a barrel, and most imported Asian coal about $120 a ton, fossil energy costs are crippling emerging economies in Asia and Africa. Although renewable alternatives are far less costly than they were even two years ago, they still can't match the cheap coal and oil that Asia and Africa had counted on.
Fortunately, if Asia and Africa embrace bottom-up renewable strategies, they can restrain energy costs, while leapfrogging dirty energy into the emerging post-fossil global economy. What are bottom-up strategies? They vary based on markets and geography. What they share is a realization that not all electrons are equal; some are worth far more than others, depending, in part, on their proximity to markets. To make a renewable revolution low-cost, countries should roll out solar and wind projects, investing first in those locales where fossil fuels are most expensive.
There are 1.4 billion people without electricity, most of whom arent expected to have it for decades. These are the worlds poorest. Counterintuitively, they can best afford the most sophisticated lighting LED lights powered by off-grid solar panels.
Costly Lighting
The poor already pay a lot for light, mostly from burning kerosene and candles....
http://www.renewableenergyworld.com/rea/news/article/2012/06/cheap-coal-is-dead-long-live-renewable-age-part-2
Part 3
June 25, 2012
China announced on March 20 that it would raise retail gasoline prices to more than $5 a gallon. Two days later, the government announced its intention to cap consumption of coal at 3.9 billion tons a year, only 10 percent above its current level.
Concern for the environment is not driving these moves. Instead, they are a byproduct of economic fundamentals, including the fact that importing oil at more than $100 a barrel and coal at $125 a ton or more threatens Chinas record trade surpluses. Indeed, in the past three years, high prices for imported oil and coal have contributed to three trade deficits in China.
Alarmed by these trends, Chinese Premier Wen Jiabao called in January for restructuring global oil markets, saying they had deviated, to a great extent, from the supply-and-demand relations of the real economy. The premier called on the Group of 20 to establish just, equitable and binding international rules to govern the oil trade (an appeal not wildly applauded in the Persian Gulf region where he made it).
Energy politics are riling India, as well....
June 25, 2012
China announced on March 20 that it would raise retail gasoline prices to more than $5 a gallon. Two days later, the government announced its intention to cap consumption of coal at 3.9 billion tons a year, only 10 percent above its current level.
Concern for the environment is not driving these moves. Instead, they are a byproduct of economic fundamentals, including the fact that importing oil at more than $100 a barrel and coal at $125 a ton or more threatens Chinas record trade surpluses. Indeed, in the past three years, high prices for imported oil and coal have contributed to three trade deficits in China.
Alarmed by these trends, Chinese Premier Wen Jiabao called in January for restructuring global oil markets, saying they had deviated, to a great extent, from the supply-and-demand relations of the real economy. The premier called on the Group of 20 to establish just, equitable and binding international rules to govern the oil trade (an appeal not wildly applauded in the Persian Gulf region where he made it).
Energy politics are riling India, as well....
http://www.renewableenergyworld.com/rea/news/article/2012/06/cheap-coal-is-dead-long-live-renewable-age-part-3
See also:
Coal Power Loses Its Luster in India as Costs Rise
Posted by OKIsItJustMe at http://www.democraticunderground.com/112720815
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