Australia's largest stock trading and investment forum Australia's #1 stock forum

Accelerate the World's Transition to Sustainable Energy - to fight Anthropogenic Climate Change, page-37245

First 37245 Last

Share
Profile

Follow
acorn

38,075 Posts.

4

26/08/24

17:06

Post #: 75379404
Share
Originally posted by walbrook: ↑

From the comments..........

There is a simple reason why wind and solar will never provide 100% of demand for base load power. There is a point at which the cost of building the additional wind turbine or solar cell becomes not economically viable and the necessary finance to build such projects cannot be raised. This is because you have to build excess supply to offset the intermittent nature of renewables. But when the sun and wind are reliable, the marginal value of the excess to demand energy produced is minimal due to oversupply unless the excess is stored or transported elsewhere. At the moment, there is no practical and cheap storage technology available and power poles and wires are expensive. Unless the taxpayer subsidises this fantasy, the 100% renewable target is nothing more than just that. Ignoring subsides, I think we are nearing the point where new renewable projects cannot be financed, a point of inflexion you might say.

Expand

Ho hum.

Another factless rant from wally .

wally
Share

/ˈwɑli/

/ˈwɔli/
IPA guide
Other forms: wallies

Definitions of wally
noun
a silly and inept person; someone who is regarded as stupid
see less
type of:fool, muggins, sap, saphead, tomfool
a person who lacks good judgment
https://www.vocabulary.com/dictionary/wally
1 Upvote

Reply

Top Stories

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

First 37245 Last