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zipperlip

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20/04/21

21:22

Post #: 52604359
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Originally posted by redpencil: ↑

Policy is changing fast. USA looks like imposing trade restrictions on those countries not meeting emission targets. EU, UK, Japan no doubt the same. Simple economics will win in the end. China will follow e.g.

Roger Harrabin
BBC environment analyst
April 15, 2021
China can save up to $1.6 trillion (£1.2 trillion) over 20 years by switching from coal power to renewables, a report says.

The authors say China must close 588 coal-fired power plants in a decade to meet climate pledges - but they insist the move will save cash.

That's because renewables are now so much cheaper than coal.

It mirrors the situation in the US, where coal tumbled from being the cheapest major fuel to the most expensive.

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I wonder if Roger has included the new coal fired plants they intend to build over the next decade or if he’s just referring to the existing ones?
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