For better or worse, consumers (also known as “people”) typically organize products in their heads using simple descriptors or tags. Pre-Tesla, electric cars were not that well known. Among those who knew what an electric car was, the prevailing summary of them was that they were slow like golf carts, geeky, and only for a certain (weird) kind of person. Elon Musk and other early birds at Tesla blew those stereotypes out of the water
“Many of the pressures have hit here much earlier and more intensely than in other world regions,” said Thorsten Reusch, a marine ecologist based here at Germany’s largest ocean research … expansion …
The Trump & Russian chaos — no matter how extensive it is and where it goes — is a tiny preview of the massive disruption we have coming as the global carbon bubble pops
Trump + Russia Chaos Is Tiny Preview Of Carbon Bubble Popping was originally published on CleanTechnica.
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A freak storm provides a possible preview of Hong Kong's extreme weather future
Was this a freak event, or a precursor of extreme weather to come in Hong Kong as the oceans warm and temperatures rise? With its high population density, sea level altitude and forests of glass skyscrapers, Hong Kong is uniquely positioned to suffer …
Giant hailstones batter Hong Kong as Observatory warns of heavy rain for days …
I’m morbidly fascinated by the way conventional wisdom lags behind evidence, like the CW that renewable energy is expensive and fossil fuels cheap. In fact, there is a tectonic shift underway. Renewable energy prices are declining as technology improves, economies of scale kick in, financing mechanisms mature, and public policy begins to take some (inadequate) account of the negative externalities of fossil fuels.
Meanwhile, the cost of coal-fired electricity is heading up. It’s getting harder to finance coal plants in the face of competition from clean(er) energy, activist opposition, and the inevitability of some kind of carbon policy. Construction costs are rising. Transportation costs are rising. It’s getting harder to reach the coal that’s left in the ground. Etc.
The two lines — falling RE costs and rising coal costs — are going to cross. It’ll happen everywhere eventually. According to a Bloomberg New Energy Finance analysis, it’s already happened down under: "Renewable energy now cheaper than new fossil fuels in Australia."
No new wind farm can compete with existing fossil fuel generators that are already paid off. So it’s not like Australia’s climate battle is won or anything. (They’re exporting all that coal anyway.) But when power companies consider new generation assets in Australia, wind is the way to go:
The study shows that electricity can be supplied from a new wind farm at a cost of AUD 80/MWh (USD 83), compared to AUD 143/MWh from a new coal plant or AUD 116/MWh from a new baseload gas plant, including the cost of emissions under the Gillard government’s carbon pricing scheme. However even without a carbon price, wind energy is 14% cheaper than new coal and 18% cheaper than new gas.
(BNEF projects that large-scale solar PV will be cheaper than coal or gas by 2020.)
The lines will cross in different places at different times; much depends on changes in technology and policy that are difficult to predict. But they will cross. As BNEF head Michael Liebreich puts it, "The perception that fossil fuels are cheap and renewables are expensive is now out of date."
How long will it take conventional wisdom to catch up?
Filed under: Article, Business & Technology, Climate & Energy
The new documentary by campaigner and film-maker Nicola Peel looks at the damage inflicted by oil companies in Ecuador Blood of the Amazon is a new documentary by Nicola Peel, an environmental activist and film-maker who has spent time in Amazonian Ecuador looking at environmental damage at the hands of oil companies. She has also found time to institute some fixes herself: such as rainwater …
Canaccord Genuity maintains a ‘Hold’ on US Ecology (Nasdaq: ECOL ), price target $16. Canaccord analyst says, “We maintain our HOLD rating in advance of ECOL’s Q2 earnings report (July 27 prior to market open), as we …