.Over all, 1,600 coal plants are planned or under construction in 62 countries, according to Urgewald’s tally, which uses data from the Global Coal Plant Tracker portal. The new plants would expand the world’s coal-fired power capacity by 43 percent.
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All of these green raving articles like the one below quote nameplate capacity and omit the fact that wind and solar will average only 25% of nameplate while thermal electric will make 90% and for twice the service life. Intentionally or ignorance?
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Reuters
APRIL 5, 2018 / 6:08 AM / 3 DAYS AGO
Solar power eclipsed fossil fuels in new 2017 generating capacity: U.N.
Nina Chestney, Alister Doyle
LONDON/OSLO (Reuters) - Chinese solar power led a record 157 gigawatts (GW) of new renewable energy capacity added worldwide last year, more than double the amount of new generation capacity from fossil fuels, a U.N.-backed report showed on Thursday.
Globally, a record 98 GW of solar power capacity was installed last year with China contributing more than half, or 53 GW, according to U.N. Environment, the Frankfurt School-UNEP Collaborating Centre and Bloomberg New Energy Finance.
The new renewable energy generating capacity, also including wind, biofuels and geothermal energy, dwarfed the 70 GW of net new capacity from fossil fuels in 2017, it said.
“We are at a turning point ... from fossil fuels to the renewable world,” Erik Solheim, head of U.N. Environment, told Reuters. “The markets are there and renewables can take on coal, they can take on oil and gas.”
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The real takeaway is that new fossil fired electrical generation is still leading rebuildable generation installs 2:1 which tells us that the majority of new capacity isn't replacing anything. It is being installed to keep up with GDP growth as the three Billion people that still burn sticks in order to cook claw there way up to a modern standard of living.
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I'm not pro fossil fuel. I'm not pro rebuildable. I am pro human civilization. Energy underpins everything. Every item or service starts with an energy input. Debt is a claim against future energy consumption. World banking has been operating on a fractional (nearly creationist) model. Loans are created from thin air with no actual money taken out of circulation to balance it. The virtual money anihlates itself as it is paid back but the interest becomes real added debt. The only way this has always worked through all time, and continues to work, is if GDP growth outpaces the interest rates. If energy growth outpaces the interest rates. But there is a limit to growth on a planet with finite resources.
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The free market also functions only from growth. Workers labor hard for a better tomorrow. What if tomorrow is always a little worse. 50% of Americans have been in that boat since 2000 due to inequity of wealth even with continual growth. Investors will stop if the best payback is 90% over 20 years. Our cornucopian economic model will cease to function as resources continue to get more remote. And then what?
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We need to find a different way.
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