On the Blogs: Coal and Gas Are Cheap. So Are Renewables.

first_img FacebookTwitterLinkedInEmailPrint分享Katherine Tweed for Greentech Media:Coal is cheap and relatively abundant. So is natural gas. We can now say the same for renewables. By 2040, carbon-free electricity will make up 60 percent of installed power capacity worldwide, according to a new analysis from Bloomberg New Energy Finance (BNEF).The demise of coal is largely driven by the slowdown in consumption in China, and to a lesser extent coal’s decline in North America and Europe.Just last year, there were questions about whether coal use in China was actually falling, given the inconsistencies in government data. At the beginning of 2016, new data showed a 4 percent drop in electricity generation from coal-fired power plants in China, according to the Institute for Energy Economics and Financial Analysis.IEEFA now has new data from the Chinese government suggesting a more dramatic decline for coal. Overall coal production is down by 15.5 percent, IEEFA reports.“Electricity demand has decoupled from economic activity,” Tim Buckley, IEEFA’s director of energy finance studies for Australasia, wrote in a blog post. “China is diversifying away from coal faster than anyone expected.”China’s relatively sluggish economy and shift away from manufacturing to a service-sector economy is largely responsible for the decoupling. At the same time, nuclear, solar and wind are up 20 percent year-over-year in China, according to government data.Emerging economies will be responsible for much of the increase in installed renewables in coming years. China is already leading the world in installing solar and wind. China has plans for 30 gigawatts of wind capacity additions this year alone, and expects to add 15 to 20 gigawatts of solar annually for the next five years.In its latest New Energy Outlook, BNEF forecasts that renewables will make up 61 percent of deployment in non-OECD countries, led by China and India.Are We Reaching Peak Fossil Fuel for Power Generation? On the Blogs: Coal and Gas Are Cheap. So Are Renewables.last_img read more


Decatur County EMA director announces plans to step aside

first_imgGreensburg, Ind. — Decatur County Emergency Management Director Rob Duckworth has announced his departure from the position to focus on his duties as a school resource officer and a lieutenant with the Decatur County Sheriff’s Department.He has held the position for the last six years. Local officials have expressed gratitude to Duckworth for his service. In turn, Duckworth says he’ll offer his advice to the incoming director.last_img