Coal Country Picked Trump. Now, They Want Him To Keep His Promises

[RoshawnMarkwees]

Within 20 miles of my home are no tangible fossil fuel resources but our democrat county legislature outlawed fracking.
What's your point?

Banning fracking is the only way Trump can bring back coal. WTF, am I talking to a 6 year old here?

No need to ban anything. Allowing for expanded coal mining will usurp fracking naturally as a result of cost. Market Darwinism. Lefties just love banning shit. It's their unfortunate fascist nature.

Why stop at going back in time to coal? Why not return to burning wood?

Because coal is effective and cheap. Duh.

I figured that if you want to turn back the clock 100 years, you might as well bring back wood burning locomotives.

I guess you don't realize how much electricity generation comes from coal.
You probably decorate with LED lighting.

 

[Vandalshandle]

Banning fracking is the only way Trump can bring back coal. WTF, am I talking to a 6 year old here?

No need to ban anything. Allowing for expanded coal mining will usurp fracking naturally as a result of cost. Market Darwinism. Lefties just love banning shit. It's their unfortunate fascist nature.

Why stop at going back in time to coal? Why not return to burning wood?

Because coal is effective and cheap. Duh.

I figured that if you want to turn back the clock 100 years, you might as well bring back wood burning locomotives.

I guess you don't realize how much electricity generation comes from coal.
You probably decorate with LED lighting.

Let me put it this way, Ros. If I am looking to invest my retirement money in stock, Coal companies are not very high on my list. In fact, they are not on my list at all. I think most investors agree with me on that. That being the case, if you think that Trump is going to actually do something to change that, you stand to make a fortune buying all the coal stock you can afford. Good luck with that! The largest coal mining company in the world, Peabody, is in Chapter 11, and according to bloomberg, is the victim of low priced natural gas and the slowdown in the Chinese manufacturing. They don't even have enough money to clean up their mines when they close them, as required by law. The stock is selling for around $1.81 per share, which is high, because at one point in the last year it was down to $.55 cents. BTW, coal only produces 28% of the energy in the US:

"The Energy Information Administration estimates the fuel generated about 28 percent of U.S. electricity in December. Demand from power plants and steelmakers should remain weak through 2016, but India and Southeast Asia will be bright spots, said Bloomberg Intelligence analyst Andrew Cosgrove.

Shrinking Pains
“This isn’t a death knell for coal. It’s the pains of a shrinking industry,” Cosgrove said.

The market may improve while Peabody restructures, Lucas Pipes, an analyst for FBR Capital Markets & Co., said by phone Wednesday.

“We’re talking about a massive reduction in coal output in the U.S. that would cure the oversupply we’re seeing, reduced drilling activity in natural gas,” he said. “We’re seeing better industry indicators out of China that has led to a rally in steel prices among some other commodities.”

Coal Slump Sends Mining Giant Peabody Energy Into Bankruptcy

Peabody Energy Corp - OTC:BTU - Stock Quote & News - TheStreet

 

[Correll]

Within 20 miles of my home are no tangible fossil fuel resources but our democrat county legislature outlawed fracking.
What's your point?

Banning fracking is the only way Trump can bring back coal. WTF, am I talking to a 6 year old here?

No need to ban anything. Allowing for expanded coal mining will usurp fracking naturally as a result of cost. Market Darwinism. Lefties just love banning shit. It's their unfortunate fascist nature.

Why stop at going back in time to coal? Why not return to burning wood?

Because coal is effective and cheap. Duh.

I figured that if you want to turn back the clock 100 years, you might as well bring back wood burning locomotives.

You just claimed that a major industry in America today, is an extinct technology.


That is delusional.

 

[Old Rocks]

Why wouldn't he, shithead?

Because there is no demand for coal whatsoever.

There would be if not for the Dems SS, the EPA.

Bullshit. No demand for coal. No one in this nation is building new coal plants. Economics. Natural gas works better and is cheaper. Solar and wind are both cheaper than coal, and even natural gas. Unless Trump finds a way to dictate that we build and use coal fired plants, they will cease to exist.

 

[Old Rocks]

Banning fracking is the only way Trump can bring back coal. WTF, am I talking to a 6 year old here?

No need to ban anything. Allowing for expanded coal mining will usurp fracking naturally as a result of cost. Market Darwinism. Lefties just love banning shit. It's their unfortunate fascist nature.

Why stop at going back in time to coal? Why not return to burning wood?

Because coal is effective and cheap. Duh.

I figured that if you want to turn back the clock 100 years, you might as well bring back wood burning locomotives.

You just claimed that a major industry in America today, is an extinct technology.


That is delusional.

World Energy Hits a Turning Point: Solar That's Cheaper Than Wind

World Energy Hits a Turning Point: Solar That's Cheaper Than Wind
Emerging markets are leapfrogging the developed world thanks to cheap panels.
by
Tom Randall
December 14, 2016, 10:00 PM PST December 14, 2016, 10:04 PM PST
A transformation is happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity.

This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects, according to fresh data from Bloomberg New Energy Finance.

The chart below shows the average cost of new wind and solar from 58 emerging-market economies, including China, India, and Brazil. While solar was bound to fall below wind eventually, given its steeper price declines, few predicted it would happen this soon.

“Solar investment has gone from nothing—literally nothing—like five years ago to quite a lot,” said Ethan Zindler, head of U.S. policy analysis at BNEF. “A huge part of this story is China, which has been rapidly deploying solar” and helping other countries finance their own projects.

Half the Price of Coal
This year has seen a remarkable run for solar power. Auctions, where private companies compete for massive contracts to provide electricity, established record after record for cheap solar power. It started with a contract in January to produce electricity for $64 per megawatt-hour in India; then a deal in August pegging $29.10 per megawatt hour in Chile. That’s record-cheap electricity—roughly half the price of competing coal power.

“Renewables are robustly entering the era of undercutting” fossil fuel prices, BNEF chairman Michael Liebreich said in a note to clients this week.

Those are new contracts, but plenty of projects are reaching completion this year, too. When all the 2016 completions are tallied in coming months, it’s likely that the total amount of solar photovoltaics added globally will exceed that of wind for the first time. The latest BNEF projections call for 70 gigawatts of newly installed solar in 2016 compared with 59 gigawatts of wind.

The overall shift to clean energy can be more expensive in wealthier nations, where electricity demand is flat or falling and new solar must compete with existing billion-dollar coal and gas plants. But in countries that are adding new electricity capacity as quickly as possible, “renewable energy will beat any other technology in most of the world without subsidies,” said Liebreich.

Turning Points
The world recently passed a turning point and is adding more capacity for clean energy each year than for coal and natural gas combined. Peak fossil-fuel use for electricity may be reached within the next decade.

Thursday’s BNEF report, called Climatescope, ranks and profiles emerging markets for their ability to attract capital for low-carbon energy projects. The top-scoring markets were China, Chile, Brazil, Uruguay, South Africa, and India.



Exclusive insights on technology around the world.
Get Fully Charged, from Bloomberg Technology.

When it comes to renewable energy investment, emerging markets have taken the lead over the 35 member nations of the Organization for Economic Cooperation & Development (OECD), spending $154.1 billion in 2015 compared with $153.7 billion by those wealthier countries, BNEF said. The growth rates of clean-energy deployment are higher in these emerging-market states, so they are likely to remain the clean energy leaders indefinitely, especially now that three-quarters have established clean-energy targets.

Yes, coal is an extinct technology. As the present plants are closed, new ones will not be built.

 

[Old Rocks]

Because there is no demand for coal whatsoever.

There would be if not for the Dems SS, the EPA.

Is Trump going to kill natural gas and oil jobs?

Tell me, according to the laws of the free market, what happens to demand when you dramatically increase supply?

Nothing. It's the price that is affected.

When the price collapses because of bunch of coal is being mined that nobody wants or needs, what will happen to the coal jobs?

Do you believe that Trump will massively subsidize the coal industry wih federal funding to create unneeded coal jobs?

it will get sent over seas and help

lower our trade deficit

Stupid ass, the developing nations are building renewables. Much cheaper than coal generation.

 

[Old Rocks]

The U.S. is now pumping out a record amount of oil. Yay more jobs right?! Can anyone raise their hand and tell me how many jobs cheap oil creates in the oil industry?

Cheap energy creates jobs in every sector because more people have more money and that enhances demand which prompts productivity.
Democrats should not be allowed to vote.

Silly ass, as demonstrated, coal is now expensive energy.

 

[jon_berzerk]

There would be if not for the Dems SS, the EPA.

Is Trump going to kill natural gas and oil jobs?

Tell me, according to the laws of the free market, what happens to demand when you dramatically increase supply?

Nothing. It's the price that is affected.

When the price collapses because of bunch of coal is being mined that nobody wants or needs, what will happen to the coal jobs?

Do you believe that Trump will massively subsidize the coal industry wih federal funding to create unneeded coal jobs?

it will get sent over seas and help

lower our trade deficit

Stupid ass, the developing nations are building renewables. Much cheaper than coal generation.

you talking to a mirror or what

Germany is building new coal plants like mad

Why Germany’s nuclear phaseout is leading to more coal burning

further more Germany is banning coal mining in 2019

so their need for imported coal will rise

that is just Germany there are several European countries that use coal

 

[RoshawnMarkwees]

Why wouldn't he, shithead?

Because there is no demand for coal whatsoever.

There would be if not for the Dems SS, the EPA.

Bullshit. No demand for coal. No one in this nation is building new coal plants. Economics. Natural gas works better and is cheaper. Solar and wind are both cheaper than coal, and even natural gas. Unless Trump finds a way to dictate that we build and use coal fired plants, they will cease to exist.

You're brainwashed. Solar and wind are useless and inefficient. Coal is the most cost effective.

 

[RoshawnMarkwees]

No need to ban anything. Allowing for expanded coal mining will usurp fracking naturally as a result of cost. Market Darwinism. Lefties just love banning shit. It's their unfortunate fascist nature.

Why stop at going back in time to coal? Why not return to burning wood?

Because coal is effective and cheap. Duh.

I figured that if you want to turn back the clock 100 years, you might as well bring back wood burning locomotives.

You just claimed that a major industry in America today, is an extinct technology.


That is delusional.

World Energy Hits a Turning Point: Solar That's Cheaper Than Wind

World Energy Hits a Turning Point: Solar That's Cheaper Than Wind
Emerging markets are leapfrogging the developed world thanks to cheap panels.
by
Tom Randall
December 14, 2016, 10:00 PM PST December 14, 2016, 10:04 PM PST
A transformation is happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity.

This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects, according to fresh data from Bloomberg New Energy Finance.

The chart below shows the average cost of new wind and solar from 58 emerging-market economies, including China, India, and Brazil. While solar was bound to fall below wind eventually, given its steeper price declines, few predicted it would happen this soon.

“Solar investment has gone from nothing—literally nothing—like five years ago to quite a lot,” said Ethan Zindler, head of U.S. policy analysis at BNEF. “A huge part of this story is China, which has been rapidly deploying solar” and helping other countries finance their own projects.

Half the Price of Coal
This year has seen a remarkable run for solar power. Auctions, where private companies compete for massive contracts to provide electricity, established record after record for cheap solar power. It started with a contract in January to produce electricity for $64 per megawatt-hour in India; then a deal in August pegging $29.10 per megawatt hour in Chile. That’s record-cheap electricity—roughly half the price of competing coal power.

“Renewables are robustly entering the era of undercutting” fossil fuel prices, BNEF chairman Michael Liebreich said in a note to clients this week.

Those are new contracts, but plenty of projects are reaching completion this year, too. When all the 2016 completions are tallied in coming months, it’s likely that the total amount of solar photovoltaics added globally will exceed that of wind for the first time. The latest BNEF projections call for 70 gigawatts of newly installed solar in 2016 compared with 59 gigawatts of wind.

The overall shift to clean energy can be more expensive in wealthier nations, where electricity demand is flat or falling and new solar must compete with existing billion-dollar coal and gas plants. But in countries that are adding new electricity capacity as quickly as possible, “renewable energy will beat any other technology in most of the world without subsidies,” said Liebreich.

Turning Points
The world recently passed a turning point and is adding more capacity for clean energy each year than for coal and natural gas combined. Peak fossil-fuel use for electricity may be reached within the next decade.

Thursday’s BNEF report, called Climatescope, ranks and profiles emerging markets for their ability to attract capital for low-carbon energy projects. The top-scoring markets were China, Chile, Brazil, Uruguay, South Africa, and India.



Exclusive insights on technology around the world.
Get Fully Charged, from Bloomberg Technology.

When it comes to renewable energy investment, emerging markets have taken the lead over the 35 member nations of the Organization for Economic Cooperation & Development (OECD), spending $154.1 billion in 2015 compared with $153.7 billion by those wealthier countries, BNEF said. The growth rates of clean-energy deployment are higher in these emerging-market states, so they are likely to remain the clean energy leaders indefinitely, especially now that three-quarters have established clean-energy targets.

Yes, coal is an extinct technology. As the present plants are closed, new ones will not be built.

That's all in lieu of coal not despite it. Forced by green fascism.
Wind turbines have raped the landscape. That's why there are none where rich white democrats live.

 

[jon_berzerk]

Why wouldn't he, shithead?

Because there is no demand for coal whatsoever.

There would be if not for the Dems SS, the EPA.

Bullshit. No demand for coal. No one in this nation is building new coal plants. Economics. Natural gas works better and is cheaper. Solar and wind are both cheaper than coal, and even natural gas. Unless Trump finds a way to dictate that we build and use coal fired plants, they will cease to exist.

You're brainwashed. Solar and wind are useless and inefficient. Coal is the most cost effective.

yup that is why it is not going away

Germany for example has pushed out the date to 2050

to stop using coal for example

 

[Vandalshandle]

Why stop at going back in time to coal? Why not return to burning wood?

Because coal is effective and cheap. Duh.

I figured that if you want to turn back the clock 100 years, you might as well bring back wood burning locomotives.

You just claimed that a major industry in America today, is an extinct technology.


That is delusional.

World Energy Hits a Turning Point: Solar That's Cheaper Than Wind

World Energy Hits a Turning Point: Solar That's Cheaper Than Wind
Emerging markets are leapfrogging the developed world thanks to cheap panels.
by
Tom Randall
December 14, 2016, 10:00 PM PST December 14, 2016, 10:04 PM PST
A transformation is happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity.

This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects, according to fresh data from Bloomberg New Energy Finance.

The chart below shows the average cost of new wind and solar from 58 emerging-market economies, including China, India, and Brazil. While solar was bound to fall below wind eventually, given its steeper price declines, few predicted it would happen this soon.

“Solar investment has gone from nothing—literally nothing—like five years ago to quite a lot,” said Ethan Zindler, head of U.S. policy analysis at BNEF. “A huge part of this story is China, which has been rapidly deploying solar” and helping other countries finance their own projects.

Half the Price of Coal
This year has seen a remarkable run for solar power. Auctions, where private companies compete for massive contracts to provide electricity, established record after record for cheap solar power. It started with a contract in January to produce electricity for $64 per megawatt-hour in India; then a deal in August pegging $29.10 per megawatt hour in Chile. That’s record-cheap electricity—roughly half the price of competing coal power.

“Renewables are robustly entering the era of undercutting” fossil fuel prices, BNEF chairman Michael Liebreich said in a note to clients this week.

Those are new contracts, but plenty of projects are reaching completion this year, too. When all the 2016 completions are tallied in coming months, it’s likely that the total amount of solar photovoltaics added globally will exceed that of wind for the first time. The latest BNEF projections call for 70 gigawatts of newly installed solar in 2016 compared with 59 gigawatts of wind.

The overall shift to clean energy can be more expensive in wealthier nations, where electricity demand is flat or falling and new solar must compete with existing billion-dollar coal and gas plants. But in countries that are adding new electricity capacity as quickly as possible, “renewable energy will beat any other technology in most of the world without subsidies,” said Liebreich.

Turning Points
The world recently passed a turning point and is adding more capacity for clean energy each year than for coal and natural gas combined. Peak fossil-fuel use for electricity may be reached within the next decade.

Thursday’s BNEF report, called Climatescope, ranks and profiles emerging markets for their ability to attract capital for low-carbon energy projects. The top-scoring markets were China, Chile, Brazil, Uruguay, South Africa, and India.



Exclusive insights on technology around the world.
Get Fully Charged, from Bloomberg Technology.

When it comes to renewable energy investment, emerging markets have taken the lead over the 35 member nations of the Organization for Economic Cooperation & Development (OECD), spending $154.1 billion in 2015 compared with $153.7 billion by those wealthier countries, BNEF said. The growth rates of clean-energy deployment are higher in these emerging-market states, so they are likely to remain the clean energy leaders indefinitely, especially now that three-quarters have established clean-energy targets.

Yes, coal is an extinct technology. As the present plants are closed, new ones will not be built.

That's all in lieu of coal not despite it. Forced by green fascism.
Wind turbines have raped the landscape. That's why there are none where rich white democrats live.

Absolutely! We need to produce energy in a way that we DON"T rape the landscape. Coal mining is SO much better for the landscape!

 

[RoshawnMarkwees]

Because coal is effective and cheap. Duh.

I figured that if you want to turn back the clock 100 years, you might as well bring back wood burning locomotives.

You just claimed that a major industry in America today, is an extinct technology.


That is delusional.

World Energy Hits a Turning Point: Solar That's Cheaper Than Wind

World Energy Hits a Turning Point: Solar That's Cheaper Than Wind
Emerging markets are leapfrogging the developed world thanks to cheap panels.
by
Tom Randall
December 14, 2016, 10:00 PM PST December 14, 2016, 10:04 PM PST
A transformation is happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity.

This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects, according to fresh data from Bloomberg New Energy Finance.

The chart below shows the average cost of new wind and solar from 58 emerging-market economies, including China, India, and Brazil. While solar was bound to fall below wind eventually, given its steeper price declines, few predicted it would happen this soon.

“Solar investment has gone from nothing—literally nothing—like five years ago to quite a lot,” said Ethan Zindler, head of U.S. policy analysis at BNEF. “A huge part of this story is China, which has been rapidly deploying solar” and helping other countries finance their own projects.

Half the Price of Coal
This year has seen a remarkable run for solar power. Auctions, where private companies compete for massive contracts to provide electricity, established record after record for cheap solar power. It started with a contract in January to produce electricity for $64 per megawatt-hour in India; then a deal in August pegging $29.10 per megawatt hour in Chile. That’s record-cheap electricity—roughly half the price of competing coal power.

“Renewables are robustly entering the era of undercutting” fossil fuel prices, BNEF chairman Michael Liebreich said in a note to clients this week.

Those are new contracts, but plenty of projects are reaching completion this year, too. When all the 2016 completions are tallied in coming months, it’s likely that the total amount of solar photovoltaics added globally will exceed that of wind for the first time. The latest BNEF projections call for 70 gigawatts of newly installed solar in 2016 compared with 59 gigawatts of wind.

The overall shift to clean energy can be more expensive in wealthier nations, where electricity demand is flat or falling and new solar must compete with existing billion-dollar coal and gas plants. But in countries that are adding new electricity capacity as quickly as possible, “renewable energy will beat any other technology in most of the world without subsidies,” said Liebreich.

Turning Points
The world recently passed a turning point and is adding more capacity for clean energy each year than for coal and natural gas combined. Peak fossil-fuel use for electricity may be reached within the next decade.

Thursday’s BNEF report, called Climatescope, ranks and profiles emerging markets for their ability to attract capital for low-carbon energy projects. The top-scoring markets were China, Chile, Brazil, Uruguay, South Africa, and India.



Exclusive insights on technology around the world.
Get Fully Charged, from Bloomberg Technology.

When it comes to renewable energy investment, emerging markets have taken the lead over the 35 member nations of the Organization for Economic Cooperation & Development (OECD), spending $154.1 billion in 2015 compared with $153.7 billion by those wealthier countries, BNEF said. The growth rates of clean-energy deployment are higher in these emerging-market states, so they are likely to remain the clean energy leaders indefinitely, especially now that three-quarters have established clean-energy targets.

Yes, coal is an extinct technology. As the present plants are closed, new ones will not be built.

That's all in lieu of coal not despite it. Forced by green fascism.
Wind turbines have raped the landscape. That's why there are none where rich white democrats live.

Absolutely! We need to produce energy in a way that we DON"T rape the landscape. Coal mining is SO much better for the landscape!

Now compare isolated coal mines to hundreds-of-miles stretches of wind turbines.
You probably decorate with LED lighting.

 

[Vandalshandle]

Yet another expert on issues which you know nothing about. I live within 1/2 mile of an open pit copper mine, and I frequently drive through a California wind farm on the way to the coast. My best guess is that you have never even seen either one.

 

[RoshawnMarkwees]

Yet another expert on issues which you know nothing about. I live within 1/2 mile of an open pit copper mine, and I frequently drive through a California wind farm on the way to the coast. My best guess is that you have never even seen either one.

I drive all over. Family in Scranton.
Amber waves of wind turbines.

 

[Correll]

No need to ban anything. Allowing for expanded coal mining will usurp fracking naturally as a result of cost. Market Darwinism. Lefties just love banning shit. It's their unfortunate fascist nature.

Why stop at going back in time to coal? Why not return to burning wood?

Because coal is effective and cheap. Duh.

I figured that if you want to turn back the clock 100 years, you might as well bring back wood burning locomotives.

You just claimed that a major industry in America today, is an extinct technology.


That is delusional.

World Energy Hits a Turning Point: Solar That's Cheaper Than Wind

World Energy Hits a Turning Point: Solar That's Cheaper Than Wind
Emerging markets are leapfrogging the developed world thanks to cheap panels.
by
Tom Randall
December 14, 2016, 10:00 PM PST December 14, 2016, 10:04 PM PST
A transformation is happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity.

This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects, according to fresh data from Bloomberg New Energy Finance.

The chart below shows the average cost of new wind and solar from 58 emerging-market economies, including China, India, and Brazil. While solar was bound to fall below wind eventually, given its steeper price declines, few predicted it would happen this soon.

“Solar investment has gone from nothing—literally nothing—like five years ago to quite a lot,” said Ethan Zindler, head of U.S. policy analysis at BNEF. “A huge part of this story is China, which has been rapidly deploying solar” and helping other countries finance their own projects.

Half the Price of Coal
This year has seen a remarkable run for solar power. Auctions, where private companies compete for massive contracts to provide electricity, established record after record for cheap solar power. It started with a contract in January to produce electricity for $64 per megawatt-hour in India; then a deal in August pegging $29.10 per megawatt hour in Chile. That’s record-cheap electricity—roughly half the price of competing coal power.

“Renewables are robustly entering the era of undercutting” fossil fuel prices, BNEF chairman Michael Liebreich said in a note to clients this week.

Those are new contracts, but plenty of projects are reaching completion this year, too. When all the 2016 completions are tallied in coming months, it’s likely that the total amount of solar photovoltaics added globally will exceed that of wind for the first time. The latest BNEF projections call for 70 gigawatts of newly installed solar in 2016 compared with 59 gigawatts of wind.

The overall shift to clean energy can be more expensive in wealthier nations, where electricity demand is flat or falling and new solar must compete with existing billion-dollar coal and gas plants. But in countries that are adding new electricity capacity as quickly as possible, “renewable energy will beat any other technology in most of the world without subsidies,” said Liebreich.

Turning Points
The world recently passed a turning point and is adding more capacity for clean energy each year than for coal and natural gas combined. Peak fossil-fuel use for electricity may be reached within the next decade.

Thursday’s BNEF report, called Climatescope, ranks and profiles emerging markets for their ability to attract capital for low-carbon energy projects. The top-scoring markets were China, Chile, Brazil, Uruguay, South Africa, and India.



Exclusive insights on technology around the world.
Get Fully Charged, from Bloomberg Technology.

When it comes to renewable energy investment, emerging markets have taken the lead over the 35 member nations of the Organization for Economic Cooperation & Development (OECD), spending $154.1 billion in 2015 compared with $153.7 billion by those wealthier countries, BNEF said. The growth rates of clean-energy deployment are higher in these emerging-market states, so they are likely to remain the clean energy leaders indefinitely, especially now that three-quarters have established clean-energy targets.

Yes, coal is an extinct technology. As the present plants are closed, new ones will not be built.

That is not what an extinct technology is, even if you are right.

 

[jon_berzerk]

Why stop at going back in time to coal? Why not return to burning wood?

Because coal is effective and cheap. Duh.

I figured that if you want to turn back the clock 100 years, you might as well bring back wood burning locomotives.

You just claimed that a major industry in America today, is an extinct technology.


That is delusional.

World Energy Hits a Turning Point: Solar That's Cheaper Than Wind

World Energy Hits a Turning Point: Solar That's Cheaper Than Wind
Emerging markets are leapfrogging the developed world thanks to cheap panels.
by
Tom Randall
December 14, 2016, 10:00 PM PST December 14, 2016, 10:04 PM PST
A transformation is happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity.

This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects, according to fresh data from Bloomberg New Energy Finance.

The chart below shows the average cost of new wind and solar from 58 emerging-market economies, including China, India, and Brazil. While solar was bound to fall below wind eventually, given its steeper price declines, few predicted it would happen this soon.

“Solar investment has gone from nothing—literally nothing—like five years ago to quite a lot,” said Ethan Zindler, head of U.S. policy analysis at BNEF. “A huge part of this story is China, which has been rapidly deploying solar” and helping other countries finance their own projects.

Half the Price of Coal
This year has seen a remarkable run for solar power. Auctions, where private companies compete for massive contracts to provide electricity, established record after record for cheap solar power. It started with a contract in January to produce electricity for $64 per megawatt-hour in India; then a deal in August pegging $29.10 per megawatt hour in Chile. That’s record-cheap electricity—roughly half the price of competing coal power.

“Renewables are robustly entering the era of undercutting” fossil fuel prices, BNEF chairman Michael Liebreich said in a note to clients this week.

Those are new contracts, but plenty of projects are reaching completion this year, too. When all the 2016 completions are tallied in coming months, it’s likely that the total amount of solar photovoltaics added globally will exceed that of wind for the first time. The latest BNEF projections call for 70 gigawatts of newly installed solar in 2016 compared with 59 gigawatts of wind.

The overall shift to clean energy can be more expensive in wealthier nations, where electricity demand is flat or falling and new solar must compete with existing billion-dollar coal and gas plants. But in countries that are adding new electricity capacity as quickly as possible, “renewable energy will beat any other technology in most of the world without subsidies,” said Liebreich.

Turning Points
The world recently passed a turning point and is adding more capacity for clean energy each year than for coal and natural gas combined. Peak fossil-fuel use for electricity may be reached within the next decade.

Thursday’s BNEF report, called Climatescope, ranks and profiles emerging markets for their ability to attract capital for low-carbon energy projects. The top-scoring markets were China, Chile, Brazil, Uruguay, South Africa, and India.



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When it comes to renewable energy investment, emerging markets have taken the lead over the 35 member nations of the Organization for Economic Cooperation & Development (OECD), spending $154.1 billion in 2015 compared with $153.7 billion by those wealthier countries, BNEF said. The growth rates of clean-energy deployment are higher in these emerging-market states, so they are likely to remain the clean energy leaders indefinitely, especially now that three-quarters have established clean-energy targets.

Yes, coal is an extinct technology. As the present plants are closed, new ones will not be built.

That is not what an extinct technology is, even if you are right.

dont let him kid ya

new coal plants are currently building built