Re:One of the oldest known human settlements is about to be ...
by kragen on Friday October 04, 2019 @02:50PM
(#21160699)
Quoting from your link:
> While the region “has been a laggard” on renewable energy he points to game-changing recent developments. “The finances are shifting to green globally. Vietnam, the Philippines, Malaysia and Thailand will all pivot over the next two years.” Vietnam, for instance, has seen a surge in solar power development in the last year alone.
> “No-one forecast Vietnam can do that. That’s how quickly you can pivot markets,” [sic] said Buckley. Earlier this month an auction for a solar power project in Cambodia saw the lowest power purchase tariff for solar so far in Southeast Asia. The Asian Development Bank, which supports the scheme, described it as “a new era for renewable energy development in Cambodia and the region”.
> In a survey of regional leaders last year, media platform Eco-Business found “the ever-increasing risk of stranded fossil fuel assets” was another factor that would drive Southeast Asia’s transition to a greener economy. A big sign of the shifting financial backing for coal regionally came in April as three top Singapore banks said they would stop financing new coal-fired power plants. And in a June meet of Asian coal leaders in Indonesia, they talked of the difficulties of securing finances for projects. Some experts believe that the majority of proposed coal plants won’t emerge.
...
> It’s a “tipping point” in Southeast Asia, said Justin Guay, director for global climate strategy at The Sunrise Project, an environmental group. “It’s the last major region on earth where we are seeing the transformation” away from coal and “it’s a question of when not if.”
> “In many ways Southeast Asia reminds me of where India was five years ago,” he added. “They built a significant number of coal plants, but now they’ve got stranded assets. It’s a big problem. Southeast Asia has the opportunity to avoid that.”
...this is your evidence for nuclear power being the cheapest source of energy and coal being second? That banks are increasingly refusing to lend money to finance plant construction because already-built plants in India have become stranded assets that can't compete with solar?
The NPR link is equivalently pessimistic about the future of coal plants.
As for turbines, most poor countries buy their turbines (of whatever type) from rich countries.
> While the region “has been a laggard” on renewable energy he points to game-changing recent developments. “The finances are shifting to green globally. Vietnam, the Philippines, Malaysia and Thailand will all pivot over the next two years.” Vietnam, for instance, has seen a surge in solar power development in the last year alone.
> “No-one forecast Vietnam can do that. That’s how quickly you can pivot markets,” [sic] said Buckley. Earlier this month an auction for a solar power project in Cambodia saw the lowest power purchase tariff for solar so far in Southeast Asia. The Asian Development Bank, which supports the scheme, described it as “a new era for renewable energy development in Cambodia and the region”.
> In a survey of regional leaders last year, media platform Eco-Business found “the ever-increasing risk of stranded fossil fuel assets” was another factor that would drive Southeast Asia’s transition to a greener economy. A big sign of the shifting financial backing for coal regionally came in April as three top Singapore banks said they would stop financing new coal-fired power plants. And in a June meet of Asian coal leaders in Indonesia, they talked of the difficulties of securing finances for projects. Some experts believe that the majority of proposed coal plants won’t emerge.
...
> It’s a “tipping point” in Southeast Asia, said Justin Guay, director for global climate strategy at The Sunrise Project, an environmental group. “It’s the last major region on earth where we are seeing the transformation” away from coal and “it’s a question of when not if.”
> “In many ways Southeast Asia reminds me of where India was five years ago,” he added. “They built a significant number of coal plants, but now they’ve got stranded assets. It’s a big problem. Southeast Asia has the opportunity to avoid that.”
...this is your evidence for nuclear power being the cheapest source of energy and coal being second? That banks are increasingly refusing to lend money to finance plant construction because already-built plants in India have become stranded assets that can't compete with solar?
The NPR link is equivalently pessimistic about the future of coal plants.
As for turbines, most poor countries buy their turbines (of whatever type) from rich countries.