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Pissing around with a few hundred billion here and there just isn't gonna cut it.
- Jake Friends come and go. Enemies accumulate.
... The increased coal burn that has occurred (and it has) comes from existing units. But this is due to short term economic factors, not a long term revival of coal's economics (which are terrible). In the EU, coal use has been growing since 2009 (after a steep drop in the preceding two years) but it is still below 2007 levels and well below increases in renewable energy generation. There's a lot of reasons for this short-term bump. The most important are: 1) strict new air pollution rules that ensure a huge amount of coal-fired capacity will be retired or constrained by 2016; 2) rock-bottom carbon prices; and 3) national level coal policies. But some of these same factors will conspire to have the exact opposite effect in the long run. ... "Europe's 'Coal Renaissance' Masks Industry Downfall" by Justin Guay, Washington Representative, Sierra Club
There's a lot of reasons for this short-term bump. The most important are: 1) strict new air pollution rules that ensure a huge amount of coal-fired capacity will be retired or constrained by 2016; 2) rock-bottom carbon prices; and 3) national level coal policies. But some of these same factors will conspire to have the exact opposite effect in the long run. ...
"Europe's 'Coal Renaissance' Masks Industry Downfall" by Justin Guay, Washington Representative, Sierra Club
Here in the UK, the usual opinion among energy consultants (those I've spoken to, at any rate) is that these rules will be ignored and the plants will stay online. Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
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