WHC whitehaven coal limited

King Coal, page-3

  1. RVR
    6,570 Posts.
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    The article goes on to bell the renewables cat:
    ’….But the deeper pattern and perversity of the industrial politics of renewable energy revealed in the Indonesian nickel example occurs more broadly across Asia, especially in China. The production and sale of wind turbines is dominated by China. To make them so cheaply, China typically uses cheap coal-fired power. Coal power is still mostly the cheapest power in the world despite what the Albanese government tells you (more on that below).
    So the true carbon cost of even renewable energy ought to take into account the role of coal-fired power in making the renewable energy products. In any event, here’s the paradox of energy politics: to become a renewable energy superpower, you need lots and lots of cheap coal-fired power.
    China, India, Indonesia, Vietnam, The Philippines and in due course the poorer nations of Asia, and beyond that lots of African nations, are extremely unlikely to compromise their national development by embracing vastly more expensive and unreliable renewable energy over coal, gas and the like…..’
    …..
    Switching to renewables will make us poorer. They say the key policy dilemma for China is: will it grow rich before it grows poor?
    For us the question is: do we want to grow richer before we grow poorer? And how poor do we really want to be?’
    Last edited by RVR: 15/06/24
 
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