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Re:Nearly half of global coal plants will be unprofitable th... by H8crilA on Wednesday April 08, 2020 @06:35PM (#22817943)
That's still so much better than tech companies, even tech companies 6 months ago /s

Never forget how absolutely huge coal is. Those Joules are not going to be replaced with renewables any time soon. It's literally impossible because renewables need Joules themselves to be built, not just money. Money does not synthesize power generating objects; materials and energy and machinery and the approval to do so (capital) all together do:

https://en.m.wikipedia.org/wiki/World_energy_consumption

Re:Nearly half of global coal plants will be unprofitable th... by Androider on Wednesday April 08, 2020 @09:05PM (#22818875)
When did you last look at the current state of renewables? Even two years ago, the picture was completely different, but renewables are absolutely catching up. The change is fast and accelerating.

17% of energy production in the US is now renewables. 26% in China. 46% in Germany.

The economic case for deploying renewables continues to improve, and will soon hit a tipping point where operation of legacy generation systems will be more expensive than deploying and operating newer ones. Even in the US, who will want to be in the coal business then? The companies all know this, and are all pivoting from being coal|gas|x-companies to being energy-companies.

Re:Nearly half of global coal plants will be unprofitable th... by H8crilA on Thursday April 09, 2020 @04:51AM (#22820834)
The only thing that matters is world's total usage, because co2 does not respect borders.

Could you point me to updated world energy usage data then?

Re:Nearly half of global coal plants will be unprofitable th... by alialghamdi on Thursday April 09, 2020 @06:55AM (#22821346)
What's the source of this information? I want to see how other countries are doing.
Re:Nearly half of global coal plants will be unprofitable th... by ineedasername on Wednesday April 08, 2020 @07:45PM (#22818397)
Renewable GW capacity in the US has grown at a 7.8% per year compound annual growth rate. [0]

That is more than a linear increase in renewable capacity, indicating that renewable capacity will be increasing faster and faster in absolute GW terms.

[0]https://www.nrel.gov/docs/fy19osti/72170.pdf