It's falling
coal prices not token carbon taxes that will snuff out Prime Minister Abbott's coal - fired dreams of becoming an energy superpower.
Not exact matches
Not only that, it would have a cascading effect across the western Canadian economy, with
prices for commodities like copper, coking
coal (used to make steel girders for apartment blocks) and even energy probably tanking.
Data from China, the world's largest
coal consumer, shows some signs of a slowdown ahead, which does
not bode well for
coal prices.
«Previous governments in Alberta and Ottawa offered to provide a subsidy of $ 779 milliontoward the $ 1.4 - billion
price tag for TransAlta's proposed
coal - fired carbon capture and storage project, but even with taxpayers shouldering more than half the cost, there wasn't a viable business case and the project was shelved.
Yet the analysis shows that even with higher gas
prices,
coal plants still fail to be economically competitive under the new greenhouse gas rule, which requires that fossil plants
not exceed emission rates of 1,000 pounds of CO2 per megawatt - hour.
Currently, nuclear and wind energy (as well as clean
coal) are between 25 and 75 percent more expensive than old - fashioned
coal at current
prices (
not including all the hidden health and environmental costs of
coal), and so it will take a stiff charge on
coal to induce rapid replacement of obsolete plants.
Without a level playing field and a steady
price on carbon, companies can
not assess whether advanced technologies such as «clean
coal» power plants or electric vehicles will ever make economic sense.
It is cheap because the environmental damage caused by
coal burning isn't factored into the
price.
«The methodology can
not be used to infer anything about the direct impacts of specific policies, such as power plant emissions limits or renewable portfolio standards, or the effect that changes in relative
prices may have on fuel choice, such as the impact of the change in supply or
price of natural gas or renewables may have had on the competitiveness of
coal.
But is has some questionable elements: an interior that fits way too tight; an interior that has a design similar to the lowest of Honda offerings (the prominent parking brake button is the same as in the Honda HR - V); an interior that is as bright as a
coal mine - even with the color accents; sticker run - up with weird and over
priced carbon fiber options; a cup holder than is less effective than a 911's though doesn't exhibit the effort of Porsche; no room for anything more than your wallet (the front compartment is filled with electrics / electronics).
Experts say that if we bought $ 50 to $ 200 billion worth of solar panels over the next 10 — 20 years, the
price of solar could come to down to the
price of natural gas and even
coal,
not just in the U.S. but even in developing countries like China, where
coal is especially cheap.
U.S.
coal exports, if they scale, will more likely than
not displace
coal with different
price, heat, and pollution attributes in Asian markets.
But I think the right policy needs to include
price pressure that would help balance the choices away from
coal, where we would honestly admit that this cost would go to the public,
not some imaginary evil
coal guy.
I know some here will decry that I am
not talking about the issues because I do
not try to obsfuscate with a discussion of the spot market
price of
coal vs long - term contracts, or use of coal in locations other than Kansas, or Al Gore's footprint, but the issue of Global Warming IS politics (non-ratification of Kyoto and negative flag - waving ads about politicians who oppose coal), it IS public relations («Clean Coal», cleanest coal - fired plants, surface mining and mountain - top reoval rather than strip mining, etc.), and it IS about misrepresentation (Peobody framing the debate as coal vs NG when it is really coal vs every other energy source), and it IS about greed (the coal industry doing everything it can to scuttle every other energy alternati
coal vs long - term contracts, or use of
coal in locations other than Kansas, or Al Gore's footprint, but the issue of Global Warming IS politics (non-ratification of Kyoto and negative flag - waving ads about politicians who oppose coal), it IS public relations («Clean Coal», cleanest coal - fired plants, surface mining and mountain - top reoval rather than strip mining, etc.), and it IS about misrepresentation (Peobody framing the debate as coal vs NG when it is really coal vs every other energy source), and it IS about greed (the coal industry doing everything it can to scuttle every other energy alternati
coal in locations other than Kansas, or Al Gore's footprint, but the issue of Global Warming IS politics (non-ratification of Kyoto and negative flag - waving ads about politicians who oppose
coal), it IS public relations («Clean Coal», cleanest coal - fired plants, surface mining and mountain - top reoval rather than strip mining, etc.), and it IS about misrepresentation (Peobody framing the debate as coal vs NG when it is really coal vs every other energy source), and it IS about greed (the coal industry doing everything it can to scuttle every other energy alternati
coal), it IS public relations («Clean
Coal», cleanest coal - fired plants, surface mining and mountain - top reoval rather than strip mining, etc.), and it IS about misrepresentation (Peobody framing the debate as coal vs NG when it is really coal vs every other energy source), and it IS about greed (the coal industry doing everything it can to scuttle every other energy alternati
Coal», cleanest
coal - fired plants, surface mining and mountain - top reoval rather than strip mining, etc.), and it IS about misrepresentation (Peobody framing the debate as coal vs NG when it is really coal vs every other energy source), and it IS about greed (the coal industry doing everything it can to scuttle every other energy alternati
coal - fired plants, surface mining and mountain - top reoval rather than strip mining, etc.), and it IS about misrepresentation (Peobody framing the debate as
coal vs NG when it is really coal vs every other energy source), and it IS about greed (the coal industry doing everything it can to scuttle every other energy alternati
coal vs NG when it is really
coal vs every other energy source), and it IS about greed (the coal industry doing everything it can to scuttle every other energy alternati
coal vs every other energy source), and it IS about greed (the
coal industry doing everything it can to scuttle every other energy alternati
coal industry doing everything it can to scuttle every other energy alternative).
Today's sobering story on how economic turmoil could blunt climate - friendly energy plans, by Elisabeth Rosenthal, implies that a new kind of climate and energy trance may indeed be nigh —
not one created just by dropping
prices for
coal and oil but also by the urgency of a global economic retreat.
The value of doing this is clear: «Experts say that if we bought $ 50 to $ 200 billion worth of solar panels over the next 10 — 20 years, the
price of solar could come to down to the
price of natural gas and even
coal,
not just in the U.S. but even in developing countries like China, where
coal is especially cheap.»
Cap - and - dividend assumes that the decreasing supply and rising
price of carbon will shift private investment from new
coal burning plants to wind, solar, conservation and efficiency, and that public investment will
not be needed for these purposes.
Third, the focus of my comment was also on climate,
not on electricity
prices, although the two (with respect to this subject) are very interlinked, as you've pointed out in the past and as your own point about competitiveness with respect to
coal in China underscores.
As a large company
not afraid to lose money by supporting risky technologies, Google can be an important player in streamlining green technology deployment, and making «cheaper than
coal (with a carbon
price)» a reality.
Sometimes seeing some turbines off in the distance (and in many cases they will be over the horizon, so they won't even be visibile) is still a smaller
price to pay than to have
coal plants spewing out CO2, particulate matter, mercury, etc in the air that we and our kids breathe.
What's required, energy experts agree, is
not just a
price for carbon, but also massive public investments to deploy clean energy technologies so we can achieve the performance and
price breakthroughs needed for these new technologies to be picked up worldwide, including in places like China and India whose development is being fueled by cheap
coal and oil.
Then at night the only source is the
coal, and because the energy companies have to recover their capital costs, they either raise the
price because they're
not getting any return for the day, or they slowly go bankrupt.
«Each of these [
coal, nuclear and gas] bring to the table reliability characteristics,» Ott noted, but «
pricing doesn't always reflect that.
Even though some of those
coal plants may receive higher capacity revenues as renewable penetration grows, those revenues might
not be sufficient to compensate for lower energy
prices and volumes, Moody's says.
... Because fossil - fuel power plants can
not easily ramp down generation in response to excess supply on the grid, on sunny, windy days there is sometimes so much power in the system that the
price goes negative — in other words, operators of large plants, most of which run on
coal or natural gas, must pay commercial customers to consume electricity....
There was some bad news for Drax recently as the UK government decided that biomass subsidies would
not keep climbing as the «carbon
price floor» — levied on fossil fuel production (and due to rise further)-- on electricity consumption has caused a backlash from manufacturers, consumer groups and energy suppliers who are concerned that the «tax will push up
prices, make the UK uncompetitive and force the premature closure of
coal - fired power plants, increasing the risk of blackouts.»
Low gas
prices are challenging
not only
coal but renewables, even as the shift from
coal to gas has U.S. carbon emissions on a steady downward track.
As these alternative ways are competing against a set of products — in essence, two: petrochemical fuels and
coal — that are subsidized by being allowed to use up the scarce resource of the carbon cycle's ability to cope with waste CO2E, the Market is
not fair, and does
not run according to Capitalist precepts, without such a carbon
price.
The threatened early termination of Liddell is one reason that the Monash Forum has gone on the offensive — a fired - up group of 30 National and Liberal MPs are determined
not only to prevent that event, but also to ensure that Victoria replaces its recently closed 1,600 MW Hazelwood plant, with a High - Efficiency Low - Emissions
coal - fired plant, to prevent blackouts and bring power
prices back to earth in that state.
Substituting wind, solar, and other low - density energy sources for
coal, oil, and natural gas therefore hurts the poor
not only by raising energy (and all other)
prices but also by reducing food production.
Coal fired power plants can
not sell their power to california even with extortionary
prices to the california consumers initiated by deregulations.
But with
coal - fired power plants already beleaguered by cheap natural gas
prices and other environmental regulations, experts said getting there won't be easy.
The good news in the case of the UK is that it could have been a lot worse: Aberthaw, like all UK
coal power plants, doesn't run that much because it has to pay a CO2
price of $ 30 per tonne.
It is far from clear whether Trump can do much more for
coal than remove most or even all the climate - related regulations discouraging the use of
coal, and this may
not have a huge effect since to date the major adverse effects of the «war on
coal» on raising electricity
prices have
not yet occurred because of the Supreme Court's stay on the so - called Clean Power Plan.
The EU CO2
price is struggling to stay above $ 7 per tonne, and most EU countries do
not have an extra CO2
price instrument in place, so
coal plants will likely run a lot.
Public policy can't make Texas more densely populated (in the short or even medium run) or cooler, but it could promote public transportation, increase gasoline and electricity
prices, and shift electricity production towards less carbon intensive alternatives to
coal.
Australia can't contribute more than a small fraction of just China's demand for
coal which has already resulted in the international traded
price of
coal increasing with more increases likely in the future.
If it can be made cheaper than
coal, the argument for
coal use is diminished (
not completely done away with, as
coal prices will decline in response to reduced demand).
Unfortunately, these mostly do
nt seem to be very effective solutions - they depend on somehow getting alternative energy costs below
coal without raising
coal price to be effective.
The point is that IF / WHEN the adoption of nuclear power for Australia is put to the electorate, the majority (who don't have the financial luxury to agree to it at any
price) will ultimately be influenced by the
price being equal to, or less than,
coal fired electricity generation or renewables.
I'm personally worried about
coal prices spiking alongside oil like in 2008, but EIA estimates about 120 years worth or reserves which do
not have the same recovery problems relating to oil.
With variance in the
price of natural gas, and half the Centralia plant shutting down in 2020 anyway (when I - 1631 begins) it is possible that this
coal exemption won't end up being such a big deal.
Even if I concede the point that the reason for
price parity for wind are tax credits burning
coal produces a whole slew of emissions that wind does
not.
Usual investment criteria may
not deliver the super low - cost, clean, renewable energy soon enough to avoid the worst effects of climate change,» said Dr. Larry Brilliant, Executive Director of Google.org, Google's philanthropic arm, «Google.org's hope is that by funding research on promising technologies, investing in promising new companies, and doing a lot of R&D ourselves, we may help spark a green electricity revolution that will deliver breakthrough technologies
priced lower than
coal.»
Sorry — but I actually didn't know to what extent Gene thinks that oil and
coal are subsidized, how he would evaluate the cost of negative externalities associated with
coal and oil, and whether the
prices of
coal and oil truly reflect their cost.
If it were possible for wind turbines to produce electricity more cheaply than
coal - fired power stations, it wouldn't be necessary to push electricity
prices up to make them «competitive».
Solar power, being a fuel - free electricity source, is
not subject to the
price increases associated with electricity generated by power plants that run on gas or
coal.
Everyone acknowledges that electricity generated from wind and solar can
not be produced and delivered at
prices that compete with
coal or gas.
The combination of very high power
prices in Japan, new technology and the fact that world temperatures have
not increased in the last decade is giving
coal another chance given its low
price.
At a moment of soaring gas
prices and deep economic insecurity, ACCCE conveyed a series of easily digestible talking points: 50 percent of the nation's electricity comes from
coal;
coal is 77 percent cleaner (when you don't include CO2 emissions) now compared with 1970; America is the Saudi Arabia of
coal;
coal is cheap, plentiful and clean.