WOOD MACKENZIE SEES EXTENDED ‘SUNSET’ FOR COSTLY COAL POWER
https://s.yimg.com/ny/api/res/1.2/3vo84VtkF0zP6V21G.VbZg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/utility_dive_591/212be127be2cdf5784e2897b828a0ca7
✍️ A report by Wood Mackenzie suggests that rising electricity demand and a slowdown in the buildout of alternative sources of power generation could extend the use of coal globally, potentially displacing 2,100 GW of gas and renewables by 2050.
👉 Rising electricity demand and a slowdown in the buildout of alternative sources of power generation could extend the use of coal globally 👉 Coal-fired power generation could peak in 2030, four years later than the base case forecast 👉 The economics and politics of coal are strongest in Asia 👉 Coal is more expensive than gas or solar and storage in the United States 👉 The cost of building new gas power plants has nearly doubled in the United States 👉 Long-duration energy storage technology is not yet mature enough to convert solar and wind into true 'baseload' resources 👉 Hybrid solar and storage will undercut coal and gas in all three regions by 2030 👉 Carbon emissions from unabated coal could rise by 2 billion tonnes by 2050 👉 The world faces a growing risk of drifting towards a 3°C pathway if urgent actions are not taken
-- #AnthonyKnutson #JamesHansen #DavidBrown #Asia #UnitedStates #Europe #PJMInterconnection #NorthDakota #Texas #SouthKorea #Japan #Michigan #energy
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