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Fossil fuels are all but finished


 
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#1 eds

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Posted 26 December 2015 - 07:36 AM

According to the Paris-based International Energy Agency (IEA),
. . . between now and 2040 global investments in renewable power capacity will total,
. . . $7 trillion, accounting for 60% of all power plant investment.

IEA says, the newly industrialized countries, spearheaded by China and India, will spend
. . . $2.7 trillion on renewable-based power plants between 2015 and 2040,
. . . far more than the older industrialized nations.

Meanwhile, Exxon, BP, Royal Dutch Shell, and other energy giants,
. . . have been madly expanding their oil and gas distribution networks in,
. . . Asia, Africa, and other developing areas.
Increasingly, however, the targets of this push are rejecting fossil fuels in favor of renewables.
. . . Once considered pricey compared to fossil fuels, renewables are beginning to win out on cost alone.

If all subsidies were eliminated and a price imposed on the consumption of carbon,
. . . as proposed in many of the schemes to be introduced in the wake of the Paris climate summit,
. . . renewables would become instantly competitive without subsidies.

12-26-2015 Source:  Fossil fuels are all but finished

#2 Shortpoet-GTD

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Posted 26 December 2015 - 06:33 PM

If we revered these million of years old plants the way we should; maybe we wouldn't burn them
so indiscreetly.

#3 eds

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Posted 06 January 2016 - 03:51 PM

Western Australia would not be able to give away its electricity assets,  
. . . because the popularity of rooftop solar panels,
. . . has made state-owned power stations so unprofitable.

1-6-2016 Source:  Stranded Assets

#4 still learning

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Posted 12 February 2016 - 05:49 AM

"Fossil fuels all but finished" might be an premature, but not a growing industry anymore for sure.  Oil business  is having difficulty lately. How unfortunate.   Well, actually will be unfortunate for those who lose jobs, but still...  
See http://www.bloomberg...ever-get-better

#5 eds

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Posted 12 February 2016 - 02:03 PM

Amory Lovins: "People don't want:
. . . . . . raw kilowatt-hours, or
. . . . . . lumps of coal, or
. . . . . . barrels of sticky black goo,
. . . They want:
. . . . . . hot showers,
. . . . . . cold beer,
. . . . . . comfort,
. . . . . . mobility,
. . . . . . illumination."

RMI has made headlines recently, by helping Wal-Mart with plans to double the fuel efficiency of its,
. . . 6800-strong trucking fleet(among the biggest in the world) by 2015, to save upward of,
. . . $300 million dollars per year, and cut,
. . . 690,000 tons of CO2 emissions annually.

2007 Source:  RMI

#6 eds

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Posted 13 February 2016 - 06:23 AM

Quitting Smoking is NOT Easy,
. . . as critics are quick to point out,
. . . Germany’s fleet of coal-fired power stations continue to run,
. . . even with renewables accounting for
. . . 30% of the country’s electricity mix in 2015.

Opposition comes mainly from the
. . . . . . Trade unions, and
. . . . . . Mining regions where
. . . 16,000 people are employed in lignite mining.

In addition to CO2,
. . . German coal-fired plants are responsible for over
. . . 5 metric tons of mercury emissions every year.
It is a substance that can cause a wide range of serious health problems.

No longer would it be worthwhile for old lignite-fired power stations,
. . . if, the government wants to set new rules for limits on mercury emissions.

2-13-2016 Source: Quitting Smoking is NOT Easy

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