Renewable energy rent seekers have turned the ‘it’s a climate catastrophe’ dial all the way to 11 in an effort to convince us that our only salvation is an all sun and wind powered future.
At the top end of town where bank executives and institutional investors roam, the propaganda is directed at convincing ‘the money’ that the only safe bets in town are heavily subsidised windmills and solar panels. Investors are told that conventional base-load generators, coal, nuclear and gas are already redundant and that only a lunatic would invest in meaningful power generation from here on.
One well beat up myth used in an attempt to spook sensible investors is that China has already snubbed coal-fired power generation in favour of wind and solar. Except that the Chinese have done just the reverse.
Instead of worshipping nature’s wonder fuels, China is flat out building hundreds of high-efficiency, low-emissions…
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Jan 29, 2020 @ 20:30:45
I know let us look at the market.
What have investors and financiers done.
They have given coal fired power a wide berth.
Why?
costs are over twice what renewables are,
Takes some 8 years to build,
Is only good for base load power very poor for dispatchable power.
to put it into both economic and business jargon we have a severe competitive advantage in renewables.
Only an imbecile would ignore that.
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Jan 29, 2020 @ 21:46:35
So no need for renewable subsidies
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Jan 29, 2020 @ 22:52:33
they are a second best solution.
coal for instance does not internalise the pollution or emission costs thus their prices are too low.
consumers are subsidising their costs.
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