Here is page 122 of NextEra’s investor deck. They are closing all coal plants by 2028 as they are no longer profitable to run. Even without a carbon adder per MWh, coal is dead (“near firm” solar and wind are renewables with battery backing to make them dispatchable when called on by the grid operator). Even existing combined cycle natural gas is under pressure! And their note: “We expect further technology improvements and cost declines will extend the competitiveness of onshore renewables and storage.”
https://cleantechnica.com/files/2022/06/lcoe-small.jpg?mrf-s...
Japan is opting out of financing coal plants further in Indonesia and Bangladesh, cancelling ~3GW worth of coal plant projects.
https://news.mongabay.com/2022/06/planned-coal-plants-fizzle...
So we’re seeing some progress in avoiding electrical thermal emissions, which is the cheapest emissions offset.
(Oahu, Hawaii’s last coal fired plant turns down in September after the Tesla Megapacks replacing their frequency response capability are installed, another 200MW of coal taken offline)
Also, despite the coal subsidies from congress, even families in coal country don’t want their kids becoming miners. They just want some other way to make a living.
But that doesn't seem to be the case, as those same families voted heavily for the politicians who claimed they could bring back coal jobs and the industry. So they obviously want someone to be digging coal, and who else but the next generation?
We also need laws to require plugging abandoned, venting wells, and stiff fines for venting to help pay for that.
A $1/gallon tax on gasoline is rounding error compared to all the other disasters hitting these days.
And it seems only Northern Europe and China even give a shit about the climate. Yes, China is expanding coal plants but they are also worrying more about the climate than others.
OTOH I'm not that convinced northern Europe gives a shit about it, given how much oil/gas Norway is drilling and how reluctant Germany has been to reduce its fossil fuel dependence (and now geo-politics has forced its hand on oil, it's ramping up coal usage again!).
The evidence is pretty hard to ignore though - nobody who can really do anything about it is going to give a shit until it's all too late.
Yes, one of our founders is an anthropologist and she has been doing field work in underrepresented communities. Rich countries (think they) can afford to pretend there's no such thing as climate change but nobody outside these wealthy enclaves has any doubt.
The reason we spend effort on this is that the atmosphere touches everyone, so we should try to figure out the interests and concerns of as many people as possible to make sure we do our best to do things that help everyone.
It's interesting that the biggest opponents of climate repair seem to come from Germany, USA, UK, and Canada.
> OTOH I'm not that convinced northern Europe gives a shit about it, given how much oil/gas Norway is drilling and how reluctant Germany has been to reduce its fossil fuel dependence (and now geo-politics has forced its hand on oil, it's ramping up coal usage again!).
Yes, it's frustrating that in the face of a war the convo switches immediately back to "drill" rather than "windmill". A big part of that is that corporations speak in terms of benefits, and tailor their messages to specific customer groups (this topic is probably 15% of HN posts and comments) while the conversations of governments and NGOs focus on features and risks.
But I do think it's a top of mind issue in europe, and the continued expansion of the scope of the ETS is a good example. See a long reply I wrote to "tito" to see why there's a complex combination of repairs and continued damage that is unavoidable (point 1 in my comment)
But one way or another it's the OECD who'll have to pay for the cleanup.
China has the advantage that they do not need to continue operating expensive equipment just because it was expensive.
Yes, but then you see, existing business will become unprofitable. And these business are currently profitable, and using those profits to pay bribes.
This is the fundamental issues behind all proposed solutions to climate change -- fossil fuel based companies are here now to pay the required corruption fees to keep themselves going. Renewable energy companies might be able to pay the same bribes in the future, but... not now. In the future. Now is now, and politicians want to retire to a cushy consulting job when they lose reelection election, which could be any year now, not decades in the future.
If you want to understand why corruption is inherently bad and can never be tolerated, just think back to this scenario and thousands like this. Our very future -- our survival as a species -- is being undermined by a handful of people in exchange for bribes as low as a few thousand dollars.
Call it the "American Carbon Dividend" or the "Advancing America Dividend".
The price of the beef burgers would go up by 7% according to Beef Magazine, 150% according to vegnews.com, and 40% according to NY Times.
However on a full cycle basis the difference is biochar is typically made from local material (mostly the leftover waste from the prior year's harvest) which is right there (zero transport) and would otherwise rot and release methane and CO2 on its own, even if plowed into the field.
Charcoal is made from trees, typically cut down and transported to a factory and then transported to the customer.
In general I am not in favor of burning trees, enjoyable as it is on a cold night out in the forest.
"The biggest food price hikes are in meats, with pork and beef up 14% to 20% compared with a year ago."
https://www.cbsnews.com/news/meat-prices-pandemic-inflation-...
"The bill for magical thinking arrives with unpredictable timing but thunderous force." -pmarca
Not constitutionally. I demand that people stop advocating for general solutions and instead focus their action on my petty personal grievances for a marginal return.
At just $15/tonne of Carbon Tax, we halve CO2 output, mainly by destroying the economics of coal:
https://www.pgpf.org/budget-basics/what-is-a-carbon-tax-how-...
All the effort and funding currently spent on carbon capture should instead go towards lobbying for carbon taxes. The impact will be significantly greater.
The best use of Carbon Capture technology would be in building ventilation systems. If we can capture and exhaust CO2 from inside air, we can reduce ventilation requirements, and potentially reach lower-than-atmospheric CO2 levels (which could have extraordinary benefits for cognition and sleep quality).