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02/08/17
12:40
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Originally posted by acorn
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Nice chart . It demonstrates the issue quite well .
Considering China and particularly India and going to westernize significantly more in the next couple of decades it follows that their emissions are going to increase massively .
So it makes sense to develop low emission technologies in order to offset those gains as China's and India's emissions rise . Already , because of the uptake of renewables around the world in places like Australia , the technology has been fast tracked . To the point where now it has become a genuine industry and companys are finding ways to make money out of it .
Unlike others , I am not going to say that renewables are cheaper than coal at the moment , however I would say that they are now getting very close . Based on the trajectory of the price of renewables and fast improvement of efficiencies , it would be fair to say that renewables will be cheaper than fossil before too long . Fast forward a decade or two and it should be considerably cheaper than fossil , never run out and produce almost no emissions .
Consequently , we are now on a global path to low emission energy production that wouldn't have occurred if we had done nothing . In a decade or two our emissions might be twice or more if we did nothing .
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I haven't seen anything other than propaganda to indicate that renewables can compete with traditional energy sources without massive subsidies and the proof lies in the fact that everywhere subsidies are withdrawn the renewables market collapses.