Renewables will overtake coal as largest global electricity source in 1 year

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  • Опубліковано 25 сер 2024
  • Renewables will overtake coal as largest global electricity source in 1 year
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КОМЕНТАРІ • 287

  • @tysonn4736
    @tysonn4736 7 місяців тому +18

    Here in Colorado, we just hit 42% of all generated energy from renewables.

    • @JAMESWUERTELE
      @JAMESWUERTELE 7 місяців тому +2

      I seriously don’t believe that. I run gas turbines in southern Colorado, and control 3 wind farms. Their monthly capacity factor is well below 35 percent.

    • @tysonn4736
      @tysonn4736 7 місяців тому +1

      @@JAMESWUERTELE It's on their website. I'd send you the link but youtube doesn't like that. Just google Xcel Energy Percentage Renewables.

    • @zen1647
      @zen1647 6 місяців тому

      Congratulations! Well done!
      For some friendly competition my state of Victoria, Australia is at about 30% for the grid and an estimated 12% from distributed rooftop solar over the last 90 days.

  • @tomtxtx9617
    @tomtxtx9617 7 місяців тому +22

    IEA long-term forecasts have been severely under-predicting solar and wind uptake literally for decades now.

  • @user-ek8iw4ut7w
    @user-ek8iw4ut7w 7 місяців тому +7

    It is not well known by Australians that electricity in Canberra has been 100% generated by renewable sources since 2020.

    • @tbonemc2118
      @tbonemc2118 4 місяці тому

      Maybe for six hours a day.
      What's supplying your base load power?

    • @user-ek8iw4ut7w
      @user-ek8iw4ut7w 4 місяці тому +1

      Grid scale batteries & existing pumped hydro from the snowy mountains scheme. Also, our wind generation contracts are spread across a wide geographical area outside the ACT to even out production.

    • @tbonemc2118
      @tbonemc2118 4 місяці тому

      Dream on if you want me to agree to your statement.
      Garbage.

    • @tbonemc2118
      @tbonemc2118 4 місяці тому

      It takes about 2 minutes on Google to find the ACT mainly gets its power from the National Grid which is powered by about 70% coal.
      Garbage in and garbage out.

  • @jimthain8777
    @jimthain8777 7 місяців тому +4

    Everyone forgets geothermal, and while it isn't a big player yet, it has begun to ramp up.
    The key is being able to exploit it in places where it isn't so easy to get at.
    That problem has been solved.
    Now we just have to build the plants to produce the power.

  • @tashiyann3262
    @tashiyann3262 7 місяців тому +44

    When China doesn't subsidize renewables we criticize them for pollution/climate change. When China does subsidize renewables we criticize them for subsidies/flooding. Very interesting.

    • @user-qh9lu5cl6n
      @user-qh9lu5cl6n 7 місяців тому +6

      Let them flood. Once the market's flooded (next century maybe?) it'll be dirt cheap to power anything. Energy will be essentially free. Or, hardly worth bothering to put a meter on it it's so cheap. I'll take that. Or, maybe my grand kids might see it. But it's a good place to aim for.

    • @camlegs2423
      @camlegs2423 7 місяців тому +5

      I live in the UK. If it wasn't for China subsidising solar panels in the early years, I wouldn't have been able to fit my set up in 2011. EU tried to stop China and keep the prices high. Thank you China, for giving me a good life style

    • @bozo5632
      @bozo5632 7 місяців тому +1

      We criticize China. Every topic every time. Most of the criticisms are baseless. We're the baddies.

  • @robertwhite3503
    @robertwhite3503 7 місяців тому +8

    I believe that the UK will close its last coal power station around September. We're still using too much natural gas, but i see more wind farms everywhere.

  • @hannes_k5666
    @hannes_k5666 7 місяців тому +23

    Seriously Thank You for bringing up these topics! Your channel and the optimistic attitude towards renewables, ev‘s gives me hope for the future.

    • @G82Watts
      @G82Watts 7 місяців тому

      "Optimistic" more like a PR vessel that lies about everything ice vs EV related. He picks and chooses what too report on. If it isn't good news about tesla he doesn't say a thing

    • @markmiller8903
      @markmiller8903 7 місяців тому

      EVS GIVE ME NO HOPE FOR THE FUTURE. JUST THE OPPOSITE.

    • @davidc2838
      @davidc2838 7 місяців тому +2

      @@markmiller8903 Learn more and stop with the FUD. Fossil Fuels are dying right in front of us. It will definitely tilt the balance of power away from OPEC+ in the near future. Not needing OIL / Gasoline / Diesel for Ground Transportation has massive benefits.

  • @MrArtist7777
    @MrArtist7777 7 місяців тому +38

    Here in the U.S., the last coal-fired power plant is due to shut down in: 2032. Some dates still show 204x, but they're incorrect as shut down and decommissioning dates have all been moved up. Many gas plants are shutting down here as well as they rarely ever turn on and aren't needed any longer. Solar, wind, hydro and nuclear will provide 100% of our power by 2040, or shortly thereafter.

    • @brucec954
      @brucec954 7 місяців тому +9

      Most US coal plants were built in the 1970's and are reaching the end of their lifetimes and will require expensive rebuilding so makes $sense to not extend another 20-30 years if marginal now.

    • @andrewday3206
      @andrewday3206 7 місяців тому +4

      Geothermal is a growing source as well. The point is getting free fuel.

    • @Suburp212
      @Suburp212 7 місяців тому +3

      Finally

    • @realestatenow
      @realestatenow 7 місяців тому +5

      This is the first time I am hearing of gas power stations shutting down as they are not needed. Last time I checked the US needed to double electricity production to be able to charge all EVs. I would be very surprised to see gas power stations shutting down.

    • @markmiller8903
      @markmiller8903 7 місяців тому +5

      We need more coal plants to charge the EVS.

  • @genieb
    @genieb 7 місяців тому +2

    The risk of underestimating or predicting is that the grid changes aren't done quickly enough, potentially slowing down investment and transition. The other thing is, there seems to be a focus on staying with large central grids, which makes sense in densely populated regions but not in more thinly populated countries or countries that don't have a grid, in those countries smaller grids make much more sense, as they're more cost effective !!! So much to learn we have.............

  • @DM-nr2eg
    @DM-nr2eg 7 місяців тому +5

    Did you give the Australian Minerals Council the heads-up on what is happening. This is something they need to know. In 2022 they exported $112 billion in coal. The coal industry employs about 46000 people. By 2025 they project to employ over 67000. This is just Australia now you have to take into account the rest of the world. Lot of change in one year.

    • @AllDogsAreGoodDogs
      @AllDogsAreGoodDogs 7 місяців тому +5

      They exported $112bbn in asthma, emphysema, bronchitis, and black lung - among others. You want to invest in that? I'll pass.

  • @bikepacker9850
    @bikepacker9850 7 місяців тому +5

    Why has my electricity bill doubled.

    • @douglaswatt1582
      @douglaswatt1582 7 місяців тому

      Under public utility, see privately owned and operating for the benefit of executives and shareholders. Also, see lobbying, corruption of public officials, conflict of interest, and obfuscation and climate denial, with foot-dragging on progressing to Renewables because they're cheaper. If you have a Cost Plus deal which almost all of these sleazy utilities have, the more money you spend providing electricity, the more money you make. In what world is there any incentive for these sleazeball groups to provide power more cheaply?

    • @paulbuckingham15
      @paulbuckingham15 7 місяців тому

      Because the price charged is twice as much as it used to be.

    • @bikepacker9850
      @bikepacker9850 7 місяців тому

      @@paulbuckingham15 Thank you for that clarification.

    • @paulbuckingham15
      @paulbuckingham15 7 місяців тому

      It wasn't that difficult to work out.

    • @bikepacker9850
      @bikepacker9850 7 місяців тому

      @@paulbuckingham15 you must be an Electrical Engineer.😁

  • @grafity1749
    @grafity1749 7 місяців тому +9

    Keep up the good content!

  • @bananacabbage7402
    @bananacabbage7402 4 місяці тому

    UK is in the process of closing down its one remaining coal power plant. Next step is to start reducing the number of gas-fired power plants.The only catch is the difficulty of expanding the grid, but it can be done.

  • @banyantree8618
    @banyantree8618 7 місяців тому +3

    An interesting pivot point will be when large scale commercial renewables result in an energy cost reduction such that the ROI on domestic rooftop solar simply doesn’t stack up. Of course, distribution gauging and legacy offsetting losses will probably keep energy prices at artificially high levels for years to come.

  • @timconder4909
    @timconder4909 7 місяців тому

    Solar on every practical surface, everywhere. Homes, businesses, skyscrapers, utility trucks, trains, those “Rascal” scooters old folks use, go karts, bicycle helmets, hats, baby jumper suits, pets, migratory birds, lazy and pointless birds, those lizards that are always sunning themselves on the sidewalk, beatles etc.
    Make a panel that mounts on the backs of livestock that not only harvests the suns energy, but captures and re-purposes their farts. Free energy you’re welcome.

  • @aarronwillett
    @aarronwillett 7 місяців тому +2

    Cheapest form of energy for domestic consumption only though? What about an aluminium smelter?

    • @freeheeler09
      @freeheeler09 7 місяців тому +1

      Aaron, the aluminum smelters in Washington State, USA, were powered by cheap hydroelectricity from dans on the Columbia River.

    • @gregorymalchuk272
      @gregorymalchuk272 7 місяців тому

      ​@@freeheeler09Nobody except crazy people oppose hydroelectricity. It's variable renewables we are talking about here.

  • @richdobbs6595
    @richdobbs6595 7 місяців тому +4

    I don't now about other places, but the bankruptcy of the coal companies in the USA is more related to winds of political change and their impact on excessive pollution abatement requirements than on any intrinsic cheapness of interruptables. If you shift enough of the costs to base load and give all the benefits to the interruptables, they will appear to be cheaper. But the only reason that the system hasn't fallen apart here is that there had been sufficient redundancy in the old system to allow the current deployment of interruptables, and that fracking has allowed widespread deployment of combined cycle gas turbines as peaker plants. We still mine massive amounts of coal, and it still provides a lot of electricity.

    • @davidc2838
      @davidc2838 7 місяців тому

      Baloney. We already see that this has occurred in other countries that have their shite together better. The US has sooooo much deferred maintenance on Old Power Generation Systems it's time to replace them anyway with Renewables and Battery Storage. Don't kid yourself, this is mismanagement, mostly by For Profit / Cost Plus Power Companies. Coal has been replaced Globally in the Advanced Western Economies. With GOOD reason...healthcare costs and respiratory diseases will go down from lack of burned pollution.

    • @jeremyvirin6532
      @jeremyvirin6532 7 місяців тому

      Take a look at electricitymaps before saying the US deployed gas turbine as peaker plant. It's totally false, they became a base load, representing around 40% of the power production at any given time

    • @gregorymalchuk272
      @gregorymalchuk272 7 місяців тому +1

      That's what I don't get. Why aren't wind and solar companies forced to eat the cost of their own backup rather than dump it on the grid? Companies used to be fined out of existence by the grid operator if they were unable to meet the specified amount of power in the power contract. Why not apply that to variable renewables companies? It would spur investment into storage.

    • @davidc2838
      @davidc2838 7 місяців тому

      @@jeremyvirin6532There are almost 1,100 Gas Peaker Plants in the US. Deal with it.

    • @dzcav3
      @dzcav3 7 місяців тому

      @@jeremyvirin6532 Natural gas provides BOTH base load and peak load. It's a fantastic energy source.

  • @rowanbroekman3929
    @rowanbroekman3929 7 місяців тому +5

    Coal power plants would be good locations for Megapacks.

    • @mnhsty
      @mnhsty 7 місяців тому

      I assume you mean defunct coal plants.

    • @Joe-lb8qn
      @Joe-lb8qn 7 місяців тому

      There is at least one, I cant recall which country IIRC they used the defuct plant because all the high power hookups to the grid were already in place.

    • @freeheeler09
      @freeheeler09 7 місяців тому

      Rowan, agreed! Build combination nuclear and solar power plants and utility-scale batteries on the sites of defunct coal plants.

  • @Longtack55
    @Longtack55 7 місяців тому

    Don't confuse thermal (heating) coal with coking coal used in steel production.

  • @MrGMawson2438
    @MrGMawson2438 7 місяців тому +4

    I just googled this
    In 2023, individual renewables contributed the following1: Wind power contributed 29.4% of the UK's total electricity generation. Biomass energy, the burning of renewable organic materials, contributed 5% to the renewable mix. Solar power contributed 4.9% to the renewable mix.

    • @mikefiatx19
      @mikefiatx19 7 місяців тому

      Biomass? You mean burning trees instead of coal? Yeah, that's a great idea, lets burn the one thing on the planet that eats CO2.

    • @Joe-lb8qn
      @Joe-lb8qn 7 місяців тому +2

      In 2024 it will be 4.900000000000000000001% (aprox) as I'm getting solar.

  • @inigoromon1937
    @inigoromon1937 7 місяців тому

    In Spain coal IS close to disappear, yet gas plants still hold stron with more than 20% production. Yet, Naturgy Spain claims their plants stay idle so long that they are actually broke!! The pity IS that nuclears are too old and Will soon have to be shut down. Either we install massive solar and wind or we are having a problem in 5 years, specially if electric cars gather pace at last.

    • @newyorker641
      @newyorker641 7 місяців тому

      The Spanish NPPs from Siemens/GE/Westinghouse could easily run for many more decades, outperforming solar and wind with high a CF and the cheapest system costs per kWh.

  • @mikefitzpatrick6618
    @mikefitzpatrick6618 3 місяці тому

    You might generate power but you can't store it and you can't guarantee it will be there when needed

  • @davidansley1731
    @davidansley1731 7 місяців тому +3

    The coal thats in the ground WILL BE dug up an used buy someone. Silly children.

  • @linuxman7777
    @linuxman7777 4 місяці тому

    If we are going to have an abundance of renewable power in the future, I think it may be the death of lithium Ion for energy storage for off peak times. Because at that point you can just use hydrogen, yes it is less efficient to store this way over lithium ion or pumped hydro, but it isn't as geologically dependent or dependent on rare earth's as lithium ion is

  • @MrGMawson2438
    @MrGMawson2438 7 місяців тому +4

    Googled this too
    How much of UK energy comes from wind and solar?
    According to the National Grid, 42.3 per cent of electricity from 2022 comes from fossil fuels compared to 35.9 per cent from renewable sources such as solar, wind, hydroelectric, nuclear power, and biomass, which comes from burning food, plants, and organic matter.

    • @justinr9753
      @justinr9753 7 місяців тому +4

      So electric prices have went down? Or up?

    • @markhathaway9456
      @markhathaway9456 7 місяців тому +3

      Just a few years ago the renewables percentage would have been more like 10-15%.

    • @davestagner
      @davestagner 7 місяців тому +5

      Make sure you’re looking at trends, not just points on a line. Singling out a year doesn’t really tell you what’s going to happen in ten years.

    • @darthsirrius
      @darthsirrius 7 місяців тому

      That's only 78%... where's the other 22%? Magic? I knew Hogwarts had to be important for some reason...

    • @douglascutler1037
      @douglascutler1037 7 місяців тому

      @@justinr9753 Chance of multi-$TRILLION downstream costs of unmitigated climate change have gone down slightly.

  • @BobBinghamNZ
    @BobBinghamNZ 2 місяці тому

    Somebody needs to talk to Peter Dutton and point out what an abject failure the Liberal government policy of building coal powered power plants was. Despite billions in subsidies nobody took it up' it will be worse with nuclear.

  • @joelado
    @joelado 7 місяців тому +7

    Tony Ceiba has a great graph that he shows at his presentations where every year the IEA has an upward sloping curve for the growth in renewables that flat lines in the coming years. Year after year the line slopes up and then curves to flat in the years beyond, while year after year the growth upwards continues exponentially. At this point renewable energy is being implemented at such a rate that it will most likely meet all our energy needs in the next 10 years. Warning, however, we have to think about the impact this is going to have on land use. We need to install solar in a way that we can still grow crops, graze animals and provide for wildlife, otherwise we are going to have severe negative impacts to deal with as well.

    • @fjalics
      @fjalics 7 місяців тому +2

      Tony Seba. Hopefully the new FERC rules speed up connection approvals in the US.

    • @mnhsty
      @mnhsty 7 місяців тому

      Fewer cattle is fine. With cheap energy, crops may be better grown indoors. Just a thought.

    • @newyorker641
      @newyorker641 7 місяців тому

      Renewable sources like solar and home storage will growth (we have installed it ourselves) but the rest - I'm not sure. Wind energy seems pretty crippled, the biggest onshore wind farm in Sweden faces a bankruptcy and most wind farms in Germany would have been shut down if not subsidized. We came from an era of cheap fossil energy, low material prices (copper, cement, steel...) and moderate labor costs. Since the pandemic and the war in Ukraine everything has changed, nuclear will win a big chunk of our future energy mix, its EROI is unmatched and the material througput per MWh is the lowest among all other methods of generating electricity.
      Speaking about future predictions - look at Prof. Tetlock: he has analyzed 82,000 predictions between 1987 and 2003 from hundreds of experts, almost all of them were wrong 10 years later, simply because circumstances change, acceptance changes, expectations change and so on. The miracle of plentiful cheap renewables will sooner or later come to an end, look at Germany. Meyer-Burger is closing their pv factory in Saxony - why, if solar power is so cheap? They could have put up their own panels?😂
      This is not a rant against renewables, just a dose of reality. 😉

    • @fjalics
      @fjalics 7 місяців тому

      @@newyorker641 China made solar pannels cheaper, and undercut them. I have a 6.2kw system in Ohio, love the stuff, but I make nearly 5x as many kwh in July as I do in December-January. Wind makes more power in winter. Nuclear seems hoplessly expensive. Have you seen prices for Hinkley Point C, or Flamanville? Vogtle 3 and 4 in the US went way over budget, and they gave up on Summer 2 and 3.

    • @newyorker641
      @newyorker641 7 місяців тому

      @@fjalics We have lost competence in building NPPs, yes, but these units could last up to 100 years, take that into consideration, the average life expectation of a wind turbine in Germany is 16.5 years in 2017, newer ones are better but getting 30 years out of most units seems impossible.
      The price per kWh cannot be compared between dispatchable power plants with electromechanical turboalternators and wind and sun with electronic inverters. The later ones deliver no, absolutely no inertia (instantaneoes reserve for frequency control) to the grid and are due to their volatility useless without a backup of conventional powerplats, on september 11th Germany has set a new record - only 0.11% of the nameplate capacity of its 28.000 wind turbines was fed into the grid requiring a complete backup. Renewables save only fuel (coal, oil, gas, U-235) in powerplants, but no infrastructure.
      Renewables do not provide any black start capability, they cannot create a grid, control reactive power and energize high voltage lines.
      In East Germany an experiment was started, parts of the 380 kV grid was unloaded and three power plants taken offline. A pumped hydro plant, a CCGT unit and a coal fired unit. At first the pumped hydro plant was performing a black start, energizing the isolated 380 kV section. The gas turbine of the CCGT plant was started, the steam part takes some time to heat up and an cold start of the coal plant was performed. Durning that experiment it was impossible to use any form of renewables, to the contrary operators insisted on keeping wind and solar farms offline, it would have been a too big hastle to keep the frequency in the tolerance to avoid damages to the low pressure turbine blades.
      How to factor that into feed in tariffs? Impossible.
      The NZZ (a swiss newspaper) has analized 18,000 wind turbines in Germany and came to the conclusion their capacity factor is so low they cannot be operated profitable without subsidies except in coastal area and offshore turbines.
      Similar news from Sweden where Europes largest onshore wind farm faces bancruptcy due to a lower than calculated performance.
      In our new era with increased capital and material costs onshore (not offshore) wind seems to be dead, a stranded asset.
      But bad news from South Korea where Kepco offered their APR-1400 to the UK outperforming offshore wind with lower system costs and SK seems to have done the math, many wind projects were cancelled.
      What are system costs?
      That is basically the price for the whole generating and distributing system including all, I repeat, all required elements to make it work.
      Sun and wind need a 100% backup and a far greater extended grid hence generation and consumption are more spread apart, the usual economic distance to transport electricity is 1 km per 1 kV. Wind farms far apart often need high voltage DC transmission which adds costs and complexity to the existing grid since the load distribution is far more complex (therfore more expensive). Sharp load variations due to the nature of volatile generation need specially (and more inefficient in their operation) designed power plants.
      Simply the grid extension is combined with extraodinary costs - Germany would require an investment of 237 Billion € in the 380 kV grid and a triple digit Billion € investment in the 110 kV grid to adapt more renewable sources. Backup plants (natural gas) add another 60 Billion € to the bill - so inexpensive...
      The 20 kV and 0.4 kV is NOT included since those are managed by 600 individual operators.
      Converting the gas plants to hydrogen in the future is not included, Siemens estimates roughly 20 years of R&D (total) for hydrogen gas turbines since the thermal conditions kn the combustion chamber are equal to the space shuttle while reentering the atmosphere.
      How expensive will mainyenance be on them?
      Controlling the NOx emissions in hydrogen combustion js very tricky, what if a SCR system has to be added? It would be required on the hot exhaust making usage of that energy in a steam generator quite tricky. So many things that are uncertain.
      If you compare France and Germany at the moment it is obvios who is the winner - France outperformes Germany by a facfor, yes factor, of 8 to 9 reguarding CO2eq/kWh. France spend 180 Billion on their nuclear fleet of NPPs (developed from a Westinghouse license starting with Chooz A) and Germany has spend a whopping 300 Billion € to not even beeing close to France.
      Germanies Energiewende is going on for 24 years, the main part of the french NPPs was errected within 15 years.
      Regaining expertise in the nuclear sector will be cheaper than the infantile experiment with medeval sources of energy like sun and wind.
      Their EROI is so low that any developed nation will drastically fall back, nuclear has an EROI of at least 75 where the other ones are often ten times behind.
      Renewables are due to their low energy density very labor intensive - an employee in the Finish NPP Loviisa is 26.7 times more productive compared to a German working in the renewable energy sector and that comparison is unfair. Unfair towards the nuclear generation since Loviisa is a rather small unit. Civaux or Chooz (Framatome N4 with almost 1.5 GW) would crush renewables and their low productivity.
      France produces almost twice the electricity with an industry that also makes equipment (like steam generators for Koeberg, South Africa) compared to Germany which gets 87% of its solar panels from China, so the manufactoring is not included.
      Jobs created by renewables are like jobs created in farming by removing agricultural machines - in 1850 almost 98% have worked there and still have only slightly enjoyed more wealth than the Romans almost 2,000 years earlier.
      Modern productive methods based on STEM principles simply win. Nuclear only exists 70 years. The (mostly failed) renewable experiment will be reevaluated after only 40 years.
      Yes to a home pv systems with a small battery.
      No to onshore wind (cf too low, high material usage)
      Yes/maybe to offshore wind with high cf and good locations close to 380/400 kV load dispatch centers.
      Maybe/no to solar farms, no inertia, often no storage, a burden to the grid if clouds pass by.
      No to batteries that once a day should store one night of a whole industrialized country.
      Hydrogen: only feasonable in grids with lots of NPP + renewables.
      Sweden has lifted the limited number of new NPPs - at least 50% should be nuclear in the future.
      Ukraine wants to build 9 Westinghouse AP-1000 units.
      Romania will finish Cernavoda unit 3 and 4 (Candu 600)
      Bulgaria will build 2 Westinghouse AP-1000 in Kozloduy.
      Slovenia is interested in an AP-1000 to extend Krško NPP.
      Slovakia will start hot testing unit 4 of the Mochovce NPP (Škoda/Rosatom VVER 440)
      Italy will reenter nuclear power (can you imagine the beatiful scenery ruined with ugly wind turbines and solar panels?)
      Finland needs another unit.
      France will start with the construction of 14 Framatome EPR2 plants.
      The Czech republic is looking for investors for 2 units.
      Poland will replace coal with nuclear (Westinghouse and Kepco).
      I think those promises of renewables will age like milk.

  • @markwiegard8384
    @markwiegard8384 4 місяці тому

    Wind and solar aren’t free. Look up maintenance costs on windmills. How long will the manufacturer’s keep parts for repairs? Solar panels degrade by 15% in 25 years which means if not replaced or expanded solar farms you’ll have less power. As more electricity is needed because of EV’s and government restrictions every year your free energy collection goes backwards.
    Free energy is a money pit. You’ll never reach the consistency of fossil fuels with intermittent wind and solar. Nuclear will probably win in the long run. We probably won’t be using U228, a lesser half-life material that is safer to use.

  • @user-ih5ii4tp3w
    @user-ih5ii4tp3w 7 місяців тому +1

    Hundred dollars a ton for coal I burn 2 to 4 tons a year to heat a house with a small garage. No amount of solar panels will do that without massive battery storage. I have a small off-grid setup 15 KW storage to get electric heat would be ridiculous I calculated well over 100 kilowatt-hours it's not feasible in my climate heat pumps literally don't work are winners average 30 below

  • @frankcoffey
    @frankcoffey 7 місяців тому +4

    Analyst need to look closely at companies that rely on coal and see how much of their revenue could be at risk. Railroads and shipping to start. On the environmental side if you get rid of coal power plants you also save a LOT of fuel used by trains and ships to transport coal and the energy used to make that fuel.

    • @davidc2838
      @davidc2838 7 місяців тому +1

      Yes, well said! Same for Huge OIL Tankers and Trucks.

    • @frankcoffey
      @frankcoffey 7 місяців тому

      @@davidc2838 Trucks don't serve power plants that much mainly rail cars. But when gas stations start to shut down we will start seeing fewer taker trucks. Those things can take out a billion dollar bridge when they wreak.

  • @thinking-laaf
    @thinking-laaf 7 місяців тому

    Both wind and solar have a huge problem. They are intermittent.

  • @markwiegard8384
    @markwiegard8384 4 місяці тому

    What does your numbers include? Tracking solar panels or a fix solar panel. Tracking panels are expensive and require maintenance. Cost comparison between fixed and tracking, a fixed panel cost less to maintain in the long run. Depending what latitude your solar farm is on the best collection hours are from 9am - 4pm. The early morning and after 4 pm doesn’t justify the extra cost to track the sun.
    Hydro power isn’t an environmental option. Nuclear has the best potential.
    Bottom line: it’s all about storage capacity for wind and solar. Both sources are intermittent and vary every year. Like farming, you have good and bad harvest years.
    The only consistent thing about solar and wind power is it’s inconsistent.
    A note about home solar. You would need about 22 acres of solar panels and a storage system to be self sufficient. 13KW a year to live at the same comfort level as coal power..

  • @MrGMawson2438
    @MrGMawson2438 7 місяців тому +1

    Cheers matr

  • @bozo5632
    @bozo5632 7 місяців тому

    What fraction of UA-cam comments are industry bots, government bots, quasi-governmental dubiously legal propaganda bots, intelligence agency bots?
    I assume it's a lot more than half of the most ridiculous ones.

  • @rhemschroeder6207
    @rhemschroeder6207 7 місяців тому

    Why are coal companies making record profits and paying huge dividends?

  • @locodriver601
    @locodriver601 6 місяців тому

    You need coal and oil to produce all this equipment.

  • @heavenlyReza
    @heavenlyReza 7 місяців тому

    Can somebody tell me how much does a 360 watts panel cost wholesale

  • @MrGMawson2438
    @MrGMawson2438 7 місяців тому

    Afternoon mate

  • @EmilNicolaiePerhinschi
    @EmilNicolaiePerhinschi 7 місяців тому +1

    Up to this point I thought the electric viking was at least sincere if not always correct.
    Please, dear Viking, explain us why did electricity price skyrocket in Germany, and why did energy consumption in industry fall by almost 20 percent also in Germany ?
    In some countries coal power plants are being closed because they are forced to stay up even when not selling into the grid, because they need to start producing very fast when the intermittents (solar and wind) stop producing, and the coal plants are not paid for the time they're not pushing energy into the grid despite them being used as backup.
    In my country the changes in intermittents production are being compensated by hydropower, which is cheaper and starts faster, but not everybody has that option.
    In this particular case you are lying, and you know you are lying. This is my last visit here.

    • @glennmartin6492
      @glennmartin6492 7 місяців тому +1

      Your last visit? Good. don't let the door hit on your way out.

  • @mikefiatx19
    @mikefiatx19 7 місяців тому +7

    Consumers are turning away from EV's, that means fossil fuels are not going away soon. The government push to net zero is also going to collapse their economies which will lead to new governments who move back to fossil fuels.

    • @jurgenwehner3607
      @jurgenwehner3607 7 місяців тому

      No way I’d turn away from my EV!

    • @3rdrock
      @3rdrock 7 місяців тому +3

      EV sales says otherwise.

    • @mikafiltenborg7572
      @mikafiltenborg7572 7 місяців тому +1

      Lol😂

    • @charleslefeuvre5267
      @charleslefeuvre5267 7 місяців тому +1

      😂check Tesla sales 3rd qtr 2023 compared to 2022 lol

    • @i6power30
      @i6power30 7 місяців тому +1

      Fossil fuel will never go away but continue to shrink.. heating and aviation still need fossil fuel but passenger vehicles will likely be 80% EVs in the future

  • @andreandre1051
    @andreandre1051 7 місяців тому +1

    👍👍

  • @jackxiao9702
    @jackxiao9702 7 місяців тому +4

    It'd be hilarious if after we switch to renewables, the Ice Age starts, and it turns out it was Global Warming that has delayed the Ice Age.

  • @KhanR1-qm2xi
    @KhanR1-qm2xi 7 місяців тому +2

    Solar came from nowhere to be 6% of US electricity generation. This number will only increase as the price of solar declines, more residential solar is deployed, and more large solar power plants with battery storage are built. The declining price of wind and solar will cause it to replace dirty coal, nuclear, and natural gas in 20 years.

    • @chetsaxton1526
      @chetsaxton1526 7 місяців тому +1

      The one thing I don't get is the lack of open land space for solar farms. Why don't they use at least half of the open land area around every major airport, it's not being used for anything anyway.

    • @KhanR1-qm2xi
      @KhanR1-qm2xi 7 місяців тому

      @@chetsaxton1526 I agree. These endless NIMBY fights are ridiculous. They need to put more solar over parking lots, homes, commercial buildings, retired landfills, brownfields, floating solar on lakes, and any open unused land.

  • @ahaveland
    @ahaveland 7 місяців тому +2

    Mr Coal, he dead.

  • @bnk9477
    @bnk9477 7 місяців тому +4

    China is not closing coal power plants. They still build new ones:(

    • @Joe-lb8qn
      @Joe-lb8qn 7 місяців тому +2

      They can still close (for example) two innefficient old plants and build one new one in its place.

    • @changliu3915
      @changliu3915 7 місяців тому

      The new ones are all supercritical coal plants that are far more efficient and less polluting. Been next to some in Beijing suburbs while cycling, thought they were nuclear, because only white steam can be seen emitted. Read subtext, do your own research. Most of the anti-China headlines are designed to fear-monger and make you stupid.

    • @jeremyvirin6532
      @jeremyvirin6532 7 місяців тому +3

      In fine, it's not very important if they build more, the most important is the fact that, globally, they run less. Those power plants are design to be more flexible, so they will run like peakers plants. It's not the best, batteries could be better, natural gas at minima but China doesn't have that, so they turn to coal for energy security

    • @clehaxze
      @clehaxze 7 місяців тому

      They are. But reportedly newer models supporting faster production load change. So to make space for the renewables.

  • @starlord8973
    @starlord8973 7 місяців тому +1

    Data published by industry body SMMT this morning reveals that just shy of 315,000 new electric cars were registered in the UK in 2023 - a figure the trade association noted represented more sales than in 2020 and 2021 combined.5 Jan 2024

  • @Dashdecent
    @Dashdecent 7 місяців тому

    Not convinced that this is a good thing. Fossil fuel will have to continue as a back up to renewables for some time until batteries can tide us over the quiet times.

  • @beautifulgirl219
    @beautifulgirl219 7 місяців тому +2

    China's coal imports surged 61.8% to a record high in 2023. Imports for the year totaled 474.42 million metric tons, the highest on record, according to China's General Administration of Customs. Coal burning grew 6% in 2023 in China and grew 8% in India in 2023. Wind and solar energy in China and India are complements, not substitutes, to massive growth in fossil fuels. In Davos the billionaire / trillionaire elite aren't mentioning climate, and when it is brought up they say fusion and carbon capture, which don't exist meaningfully and may never exist meaningfully, will "one day" have to solve that problem. Really.

  • @ClimateRealism
    @ClimateRealism 7 місяців тому +9

    Sorry but that is totally absurd. renewables today are about 2 to 3% of global energy supply!

    • @G82Watts
      @G82Watts 7 місяців тому +3

      Electric viking is still not reporting on teslas not working in cold weather right now in the USA. 😂 dude is a 🤡 he's face just pisses me off now

    • @douglaswatt1582
      @douglaswatt1582 7 місяців тому +2

      As one of the leading climate change deniers commenting on this channel, I'm sure that's your view. Please get educated about physics because you're trying to rewrite the physics textbook on CO2. Please change your name to reflect this, in other words, change it to Climate Unrealism. Add clueless about the facts

    • @G82Watts
      @G82Watts 7 місяців тому +2

      @@douglaswatt1582 oh look its the guy that makes fun of bmws when he think teslas are good looking cars 😂 😂 man forehead bigger then the bmw grille he hates on. I rather have a grille then a plain jane blob that looks like basic traffic. Also this guy above is 100% correct their have been many studies showing EV batteries are just as bad if not worse then gas cars.

    • @ClimateRealism
      @ClimateRealism 7 місяців тому

      @@douglaswatt1582 Who is that comment addressed to?

    • @markhathaway9456
      @markhathaway9456 7 місяців тому

      @@G82Watts ICE vehicles need warming because there are fluids in them. EVs have some of that too. Heat 'em up, then DRIVE.

  • @koenraad4618
    @koenraad4618 7 місяців тому +1

    Ultra cheap energy storage makes solar/wind energy non-intermittent, which is required to replace fossil energy. Electricity networks in Europe don't have the capacity to support full electrification of all energy transmission (for EVs, heating, etc). Perhaps electricity networks in other parts of the world have sufficient capacity, in Europe this is a problem. Politicians underestimate the complexity of a non-intermittent energy infrastructure, a colossal mistake and potential disaster. Governments only invest in wind energy, assume this will be more than enough "to save the planet". The costs of energy storage must come down dramatically, otherwise we return to medieval times with very low standard of living.

    • @markhathaway9456
      @markhathaway9456 7 місяців тому +1

      Isn't it wild to realize that our coal-burning or gas-burning or nuclear powered electricity-generating plants have always produced electricity at the moment you're using it, with absolutely no buffering or battery to store it? One second, it's generated, and almost simultaneously, you're using it. Astounding how we never noticed until renewables and batteries entered the discussion.

    • @geraldbutler5484
      @geraldbutler5484 7 місяців тому +2

      @@scottglossopThe sun doesn’t need to shine on solar panels to produce power. My panels regularly produce 50% on cloudy days. The transition is now a runaway event and totally unstoppable. Clean air, clean cities here we come.

    • @dzcav3
      @dzcav3 7 місяців тому

      Unfortunately, ultra-cheap energy storage doesn't exist, and won't in the near future. Until it does, we need to keep dispatchable (fossil, nuclear, hydro) electric generators running.

    • @davidrink1291
      @davidrink1291 7 місяців тому

      ⁠@@dzcav3Fortunately for
      Fossil fuel companies their production is highly subsidized and the cost of the environmental damage caused by the mining, refining, transporting and burning of their product not accounted for.

    • @henrylicious
      @henrylicious 7 місяців тому

      ​@@davidrink1291As opposed to the mining required for lithium batteries?

  • @MrGMawson2438
    @MrGMawson2438 7 місяців тому +1

    👍

  • @noleftturns
    @noleftturns 7 місяців тому

    So I asked AI (Copilot) this question:
    Q: what are the worldwide sources of energy for generation of electricity currently in a table
    AI:
    Here is a table that shows the global share of electricity production by source in 2021, based on the web search:
    Source Share
    Coal 36%
    Natural gas 23%
    Hydro 15%
    Nuclear 10%
    Wind 7%
    Solar 4%
    Other 5%
    ===========================
    Hard to believe Coal is going to be replaced by solar and wind anytime soon

    • @markhathaway9456
      @markhathaway9456 7 місяців тому +2

      In the aggregate, hydro, nuclear, wind, and solar are 15 + 10 + 7 + 4 ==> 36 ==== 36 for coal
      Increase the renewables a few points and the currently struggling zombie coal plants have to close. That might be 10% of them.
      So, increase the left side of the equation 1 percentage point for each makes 40% and decrease the coal side 10% and you get 33%
      The renewables side gains momentum and acceptance and profitability. That trajectory won't change for a while.

    • @noleftturns
      @noleftturns 7 місяців тому

      @@markhathaway9456 There is another way to ask an even better question.
      So I asked AI (Copilot) this question:
      Q: what percentage of worldwide energy production is done with burning biomass?
      AI:
      Conclusion:
      Based on renewable energy consumption, which only includes the energy from sources that are not fossil fuels or nuclear. In this case, biomass accounts for about 55% of the global renewable energy mix, making it the largest source of renewable energy.
      ------------------------------
      Details
      The percentage of worldwide energy production from biomass depends on how we define biomass and what types of energy we include. According to the web search results, there are different ways to measure this percentage, such as:
      Based on primary energy consumption, which includes all forms of energy used for electricity, heat, transport, and other purposes. In this case, biomass accounts for about 12% of the global energy mix, mostly from traditional biomass such as wood, crop waste, and charcoal1.
      Based on electricity generation, which only includes the energy used to produce electricity. In this case, biomass accounts for about 2% of the global electricity mix, mostly from modern biomass such as wood pellets, biogas, and biofuels23.
      Based on renewable energy consumption, which only includes the energy from sources that are not fossil fuels or nuclear. In this case, biomass accounts for about 55% of the global renewable energy mix, making it the largest source of renewable energy.
      These are some of the estimates that I found from the web search results. However, they may vary depending on the data sources, methods, and assumptions used. If you want to know more about the worldwide sources of energy for generation of electricity, you can check out these sources:
      =======================
      Burning wood and coal still outnumbers anything else for energy production - heating.

    • @gregorymalchuk272
      @gregorymalchuk272 7 місяців тому

      ​@@markhathaway9456Yet somehow environmentalists have come up with a way to hate both hydro and nuclear.

  • @stickynorth
    @stickynorth 7 місяців тому +2

    Even Tar Sands Alberta will have phased out coal in the last few months. We went from 80% coal powered 10 years ago to 0% as of this summer... It's possible even if you have to rely on natural gas peaker plants to fill in the renewable gaps it's worth it since NG has a carbon footprint half of coal... Is it perfect? Hell no, but don't let good be the enemy of perfection... Better is better than nothing! And if our dingbat premier ever wants to get serious about a carbon-free grid (she isn't) she'd remove the renewables ban she put in place 6 months ago to bolster her fossil fuel backers!

    • @capnkirk5528
      @capnkirk5528 7 місяців тому

      Holy crap! An intelligent voice in Alberta? I thought the species had gone extinct.
      But I think I'm with you, Canada should sell a crap ton MORE oil - because what we DON'T sell the RUSSIANS will to finance a war. When everyone else - including the holier-than-thou Norwegians - stop selling oil THEN we should be shutting it down as well. In the meantime, "Pretty Boy" Trudeau is screwing his country to appease a bunch of EU hypocrites, which is clearly going to provoke a right-wing backlash.
      Yes, I agree the world needs to get off oil. But it's exactly like nuclear disarmament, if you do it unilaterally like our idiot PM is trying you just become a target for everyone else. When the US gets off oil, THEN.

  • @AllDogsAreGoodDogs
    @AllDogsAreGoodDogs 7 місяців тому +2

    Told ya. Coal is toast.

    • @rhemschroeder6207
      @rhemschroeder6207 7 місяців тому

      Aussie Coal made record profits last year, Whitehaven Coal, Yancoal etc. Just read their financial reports online

    • @AllDogsAreGoodDogs
      @AllDogsAreGoodDogs 7 місяців тому

      @@rhemschroeder6207 Last year.

    • @rhemschroeder6207
      @rhemschroeder6207 7 місяців тому

      Yancoal recent quarterly report released on Friday, another $470bn cash over Oct to Dec 2023 quarter. Amazing for a $7.5bn market cap, no debt and $1.4bn cash in the bank. The only thing that can replace coal and gas is nuclear. But most people don't want it. You also need coal for steel and cement production. Will be around for a while

  • @Sacto1654
    @Sacto1654 7 місяців тому +2

    Coal will really need to go away in China and India, by far the largest users of burning coal for electricity production. China will need to aggressively switch to at least using natural gas, and India will have to import a lot more natural gas until they take advantage of thorium-fuel nuclear reactors. Small wonder why China is building gas pipelines from Russia.

    • @jurgenwehner3607
      @jurgenwehner3607 7 місяців тому

      Finger pointing

    • @Sacto1654
      @Sacto1654 7 місяців тому +3

      @@jurgenwehner3607 Nope. China and India have some of the worst air pollution in the world because of the heavy use of coal burning to generate electricity.

    • @i6power30
      @i6power30 7 місяців тому +2

      China is nervous about being too reliant on Russia resources.. They haven't always been buddies

    • @Sacto1654
      @Sacto1654 7 місяців тому +1

      @@i6power30 But the Chinese may not have a choice. Especially with the highly vulnerable transport of oil and possibly natural gas through the Malacca Strait, which the Indian Navy can quickly cut off.

    • @justinr9753
      @justinr9753 7 місяців тому

      ​@@jurgenwehner3607 they produce more pollution than the rest of world combined

  • @simonpannett8810
    @simonpannett8810 7 місяців тому

    Transition in India where Coal & Oil owned by political elite looks to be slow given the advantage to the Country and its assets of wind and solar?? So many reasons for Solar & Wind-relable and produced close to country, chaperons than existing power supplies, non polluting giving better health outcomes to inhabitants, generate more domestic jobs, increases agricultural output when combined with farming, allows "off grid" developments and lastly the Public Demand it!!!

  • @td97hde
    @td97hde 7 місяців тому +1

    First you are dreaming however I hope you are right second we will see 3rd what material will you use to build your EVs plastics and petrochemical and many more perhaps trees would be perfect substitute 😂 when the weather become extreme cold and electricity is cut of due to wind how will you warm your house solar and wind 😂

  • @terrulian
    @terrulian 7 місяців тому +2

    Unfortunately, this is definitely not what is happening in China and India.

  • @danielmadar9938
    @danielmadar9938 7 місяців тому

  • @flybeta
    @flybeta 7 місяців тому

    Problem with solar and wind is when you need it say "ice storms" its not available or reliable would you hire someone that couldn't come into work today because there was no wind?

  • @johannesdippenaar5087
    @johannesdippenaar5087 7 місяців тому +1

    Countries like South Africa have no choice but to use coal as electricity source for about 20 years. Otherwise there will be not electricity. There are to many problems to go without coal.

  • @unfixablegop
    @unfixablegop 7 місяців тому

    The weirdest effect that is slowing renewable expansion is the expectation that the cost for renewables will keep plunging. If you run a utility and put in a large renewable investment and then the price drops 30% in a year you wish you would have waited. And that logic gets extended from year to year. Of course at some point the cost is so low compared to non-renewables that you have to ignore this, but we haven't reached that point yet. Waiting still pays.

    • @davidc2838
      @davidc2838 7 місяців тому +1

      Nonsense. That's why Coal is dropping like a big rock. ;-)

  • @anniemayflower9187
    @anniemayflower9187 3 місяці тому

    It already did overtake coal you're in past

  • @markwiegard8384
    @markwiegard8384 7 місяців тому +2

    And to mention, in 25 years solar panels will be 15% less efficient.
    Wind generators will need to be replaced or repaired raising electric bills.
    Recently, with gasoline at $3 a gallon it cost more to charge your EV per mile when not at home. Any guesses when your home electric bill will double or triple? The excuse will be a new tax on electric bills to fund the highway maintenance. Electric cars are heavier than ICE cars wearing out the highways. If you don’t think that’s possible ask truckers why they pay more to operate large heavier trucks.
    I’m not against solar and wind but it’s not the total answer to replace fossil fuels. Nuclear maybe.

    • @rtmclean484
      @rtmclean484 4 місяці тому

      You know the machines and parts in coal, gas and oil fired power plants have to be repaired and replaced all the time right? The upkeep of those plants is a lot more expansive than replacing solar panels every 26 years is.

    • @markwiegard8384
      @markwiegard8384 4 місяці тому

      @@rtmclean484 100 aces of solar panels is $135 million dollars. A small town of 23,000 people will take 6500 acres to power the city. Do the math. It’s way cheaper to rebuild a coal/natural gas power station.
      You would also need a terawatt of batteries for backup.
      That wouldn’t include MN or Chicago areas.

    • @rtmclean484
      @rtmclean484 4 місяці тому

      @@markwiegard8384 Your numbers are way off, solar panels in 2024 cost around $400-500,000 per acre, so way way less than what you said and they are getting cheaper all the time. So a pretty good investment for something that lasts 25 years and needs basically no upkeep. People can install panels on their homes and become energy independent and businesses can do this too. As more and more people go this route the strain/need to pull electric from the grid diminishes. The complete energy picture of the future will be made from a mix of wind, solar, nuclear, hydropower and geothermal thus reducing the need for large scale battery storage. There are countries in the world right now like Brazil, Norway, France and Sweden who already get over 90% of their energy from renewable sources. Sweden and Brazil have been nearly completely renewable for many years now getting most of their electricity from hydropower.

    • @rtmclean484
      @rtmclean484 4 місяці тому

      @@markwiegard8384 Also in your calculations you seem to forget your precious coal, oil and gas plants need fossil fuel inputs to work,. How much does 25 years worth of oil, gas and coal cost? must be in the hundreds of billions if not trillions of $. So you need to add that on when comparing the price of these plants to solar or wind as solar and wind is generated for free from the wind and sun after the plant is built. Your gas/coal/oil plants will need tens of billions of dollars worth of fossil fuels as inputs over their lifetimes.

    • @markwiegard8384
      @markwiegard8384 4 місяці тому

      Thorium will probably be the next nuclear fuel of the future. The safest nuclear fuel first tested in the 1950’s. The reason went with U228 is we already had the technology.

  • @redneckReno
    @redneckReno 7 місяців тому

    welcome to the dark ages my friends....

  • @marcleblanc2026
    @marcleblanc2026 7 місяців тому +2

    meanwhile in canada, -38c & I'm still seeing Teslas driving around, despite ICE lovers saying otherwise.

    • @justinr9753
      @justinr9753 7 місяців тому +1

      And fast charging for 2 hours?

    • @realestatenow
      @realestatenow 7 місяців тому +1

      @@justinr9753what used to take 45 minutes in cold weather takes about 2 hours. It is just battery chemistry.

    • @Tom-dt4ic
      @Tom-dt4ic 7 місяців тому

      @@justinr9753 If you can charge at home, or at work, or more and more likely, at your apartment complex, then the charge time over night is about the same, no matter how cold. In otherwords, you'll wake up to a full charge every morning of the year.

  • @MrElifire84
    @MrElifire84 7 місяців тому +2

    Sorry. This is magical thinking ungrounded in reality.

  • @peteinwisconsin2496
    @peteinwisconsin2496 7 місяців тому

    In the USA, our Sierra Club has been pushing for no new fossil-fueled electricity generation. The inability to move to the more dispatchable combined cycle natural gas electricity generation is what is forcing the grid operators to keep running our old coal plants. Maybe the coal plants will be shuttered anyways and a summer of brownouts will soften up the SC to accept more CCNG electricity generation.

    • @davidc2838
      @davidc2838 7 місяців тому

      Both Distributed Electricity Generation and Storage will being to make this not an issue. There are already VPPs that allow Battery Storage from Residential / Warehouse / Commercial to feed back to the Grid during peak hours. As Scale for Battery Storage increases, the answer will become clear. Easier for Utilities and Communities to used Electricity Stored in Batteries that cycle plants up and down or use Peaker Plants.

  • @MrGMawson2438
    @MrGMawson2438 7 місяців тому

    Verge TS Ultra: The Future of Electric Motorcycling | CES 2024
    Munro Live
    413K

  • @coldnnh6983
    @coldnnh6983 7 місяців тому

    China and India are building a slew of coal plants, my brother’s apartment and the hundreds around him heated by coal, solar and wind will never replace fossil fuels, solar does not work at night and having thousands of batteries is absurd given there lifespan.

  • @billcichoke2534
    @billcichoke2534 7 місяців тому +6

    No, solar and wind are bankrupting ratepayers and utility companies.
    I don't know about you, but I want cheap, reliable power. And the best ways to get that are still coal, natural gas, and nuclear. Period.
    By the way...how much actual generated power that you use comes from coal, Sam? Is it still around 69% or has it gone up? I know you guys had two new interconnections installed with Victoria to get more of their COAL power, so...

    • @gigglehertz
      @gigglehertz 7 місяців тому

      Solar and Wind bankrupting ratepayers and utility companies? LOL! In my state a failed nuclear plant project bankrupted a utility and several executives went to jail for lying about cost overruns. But hey keep spouting whatever makes you feel good and "owns the libs"

    • @douglascutler1037
      @douglascutler1037 7 місяців тому +1

      In 2020, the highly credible and historically conservative International Energy Agency (IEA) declared solar energy the cheapest form of electricity in history! That was 4 years ago and prices have only dropped since.
      IEA is a long-standing, go-to, data aggregator and forecasters for all things related to the global energy sector. All the pros in business, investment and government look to the IEA for reliable energy data. Now IEA says solar is cheapest.

    • @billcichoke2534
      @billcichoke2534 7 місяців тому +1

      @douglascutler1037 Interesting. Because in Germany, Spain, the UK, Australia, and states in the U.S., the rates for power have gone UP where more solar and wind have been added, and coal and gas and nuclear baseload has been removed. It's really bad, because their contribution to ACTUAL GENERATED POWER has been less than 5%. That's per the countries' own government information, and posted per kWh rates.
      Since solar and wind cannot generate baseload, and never have, it means coal and gas and nuclear plants have to be run in a very inefficient manner. This is because BY LAW, utilities have to use ANY power coming from those sources FIRST, no matter how erratic or unusable it might be. They then have to balance out the rest of the demand load with the ACTUAL generating sources, and pay FINES for doing so. The only time costs drop, is when only those ACTUAL sources of power are being used, as the unreliables generate NOTHING...usually at night.
      I don't take stock in reports that aren't even posting the actual paid power rates. That is so much advocate and agenda propaganda, not meaningful or accurate information.

    • @gregorymalchuk272
      @gregorymalchuk272 7 місяців тому +1

      ​@@billcichoke2534It should be the other way around. Variable renewables should be fined by the grid operator for failing to meet a specified power delivery. Make them eat the cost of storage. Just like conventional power plants. It would spur research into storage technology.

    • @douglascutler1037
      @douglascutler1037 7 місяців тому

      @@billcichoke2534 You said: "It's really bad, because their contribution to ACTUAL GENERATED POWER has been less than 5%. That's per the countries' own government information, and posted per kWh rates."
      But then you fail to specify WHICH country or countries after rattling off several names: " . . . Germany, Spain, the UK, Australia, and states in the U.S."
      So, citations please. Specific jurisdiction(s) named.
      Here is a credible citation that Germany, for example, is now getting not 5% but 55% of his grid power from renewables. Maybe you just read it wrong.
      Search Reuters story: Renewable energy's share on German power grids reaches 55% in 2023

  • @lesliecarter4295
    @lesliecarter4295 7 місяців тому +2

    LNG is replacing Coal !

    • @muskrat3291
      @muskrat3291 7 місяців тому +2

      Yes, it replaced coal but solar, wind, and batteries will replace natural gas. It's a matter of economics.

    • @info88w11
      @info88w11 7 місяців тому +4

      @@muskrat3291 Nuclear will replace all comers

  • @frankcoffey
    @frankcoffey 7 місяців тому

    Saving 10 trillion is a lot. The trick for investors is to determine where that saved money is going to go.

    • @mnhsty
      @mnhsty 7 місяців тому

      70% for the 1%. The rest for the rest.

  • @truhartwood3170
    @truhartwood3170 7 місяців тому

    A lot of places will be seeing an increase in electricity demand due to electrification. Are the predictions taking this into account? Eg. EVs have been growing in popularity rapidly, but still only represent about 1% of cars in the road. As they continue to ramp production toward 100% of new vehicles being electric, they will start replacing 10 - 20% of of vehicles on the road every year. That's a LOT of new energy demand. I suspect that the growth of renewables will just keep up with the growth in demand and that fossil fuel plants will still be needed for a while yet in some (not all) areas.

    • @justinr9753
      @justinr9753 7 місяців тому +2

      They are already asking people not to charge EVs because the grid

    • @inigoromon1937
      @inigoromon1937 7 місяців тому

      In some countries like Germany or Spain electricity demand has gone down due to industry delocation but also due to efficiency increases. So Who knows?
      I think what this means IS that renewables Will displace coal as the preferred energy source, and coal Will be come obsolete sooner than we expect.

    • @truhartwood3170
      @truhartwood3170 7 місяців тому

      @@inigoromon1937 Oh for sure, I just think it might be a decade or two earlier than some people think and a decade later than the most optimistic projections.

    • @ronwalker4998
      @ronwalker4998 7 місяців тому

      ​@@inigoromon1937 .. there's a problem with your opinion .. jevons paradox

    • @mnhsty
      @mnhsty 7 місяців тому +1

      The growth in renewables is obviously much faster than the growth in overall demand.

  • @larryc1616
    @larryc1616 7 місяців тому

    F- Fossil fuels and russia, Saudi Arabia

  • @dzcav3
    @dzcav3 7 місяців тому

    Sam does an AMAZING JOB of conflating wind, solar, and hydro and being unable to differentiate between them when referring to renewable energy. Hydro makes up the vast majority of renewable electricity generation. It is the combination of hydro with wind and solar that is projected to overtake coal. Overall renewable energy is NOT growing nearly as fast as Sam claims. In fact, coal is STILL GROWING worldwide as China, India, and other nations continue to add capacity. Germany, Australia, California, and other areas that go overboard with renewables have MUCH HIGHER ELECTRIC RATES than other areas that don't, and suffer economically as a result. Solar and wind have A place in the energy picture, just not nearly as big a place as claimed by their advocates. Sam should slow down, take some deep breaths, and read the reports more carefully before making silly statements that reduce his credibility.

  • @donwilson39
    @donwilson39 7 місяців тому +1

    What a joke

  • @Beatles4Sale.
    @Beatles4Sale. 7 місяців тому

    This story should be on the Chinese channel. Let’s focus on where the real problem is with coal. Come back when you want to talk about natural gas and oil issues in the USA.

  • @patrickmckowen2999
    @patrickmckowen2999 7 місяців тому

    👍