Coal returns from the dead to power the world as renewables fall short

Market Watch ^ | Oct. 27, 2021 at 8:42 a.m. ET | Debbie Carlson

[Hojczyk]

Coal was supposed to be headed to the dust bin of history as the world increasingly embraces renewable energy.

After all, many countries were shutting down these sooty, air-choking power plants. Mines closed, coal companies went bankrupt, and utilities started to replace coal-fired electricity generation with natural gas or wind and solar energy.

But it turns out that weaning the world off fossil fuels, particularly the dirtiest fuel of them all, isn’t going to be easy or quick, as coal’s price and demand have been revived this year. Transitions take time.

“From our point of view, the energy transition was always a multi-decade story,” said Biff Ourso, senior managing director, Nuveen Real Assets. “And there’s invariably going to be periods of spikes in demand, or supply/demand imbalances that was going to cause a resurgence in carbon-based generation sources.”

Coal is likely to stick around as countries rely on it to ensure the lights stay on and the economy hums along. Coal’s resurgence also shines a light on the need for improved battery storage for renewables if the world is going to decarbonize.

[Tell It Right]

Cheyna has a yuge demand on coal. Chenya is suffering from "green" energy woes about as much as Europe. To the point where Cheyna has some of their factories operating only 2 or 3 days per week to save on power.

Too bad we no longer have a real man in the White House to take advantage of this.

[KC_Lion]

(Coal was never dead to begin with)

[antidemoncrat]

“Coal returns from the dead to power the world as renewables fall short”

But I’m sure Biden will continue to push for renewables despite all the problems with the current technology.

[SmokingJoe]

Just freeze the far left, climate change activists and they will be begging for coal.

[proust]

Hillary hit the hardest!

[SmokingJoe]

Correct.
Coal has been very much alive all over the world all along. Even in Germany.

[TheConservativeTejano]

Coal returns from the dead to power the world as renewables fall short

This idiotic Congress still does not get it but "Oil is with us at least for another 100 years.

I will not be here but get use to it you dumb liberal DemonRats.

The "MSM" will not say a thing about this oil business and the "MWM" is keeping too quiet just like the caravan of thousands of Illegal Aliens coming to our border to get into the U.S.A.

[rlmorel]

It isn’t like a lot of us were predicting this…

[PIF]

For the world to fully “decarbonize”, all trees and vegetation will have to be removed ...

[Red Badger]

Now you know why $0R0$ was buying up bankrupt coal mines for literally pennies on the dollar................................

[Red6]

Oh what will they do when the put millions of cars on the electrical grid?

On another note:

Coal is also green. It's also from the sun. It's stored power just like a battery if you really think about it. Sun power from a million years ago. LOL

Even nuclear, sun/star power! All elements past Fe are created when a star goes boom.

Natural gas, sun.

Diesel, gasoline... all sun.

***All energy we have, comes from the sun originally.***

Fossil fuels are simply a biological energy storage mechanism, and it is frankly MORE efficient than any man made battery (energy density by mass and volume). If you look at a battery and consider the energy used to make it, the energy lost when you are over coming the resistance to charge it (why it gets hot), the energy loss in transformers, moving the power over miles of cables, the fact that the battery has a very finite cycle life, a vehicle that gets heavier because of the batteries, do you really think that it's all that much more energy efficient?

At the end of the day, it takes energy to move a mass. That is true with a battery or a combustion motor and the formula doesn't change. But battery cars get heavier (a lot), a small Tesla 3 weighs in at 3,700 lbs! A Mitsubishi Mirage weighs in at 2,045 lbs.

I'm happy that Musk is making billions and the government is subsidizing him, because someone somewhere decided that the electric car is “green.” Hahaha

[DJ MacWoW]

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[Chauncey Gardiner]

Coal-fired cars on the rise...

[Magnum44]

[Little Ray]

Nuclear power is renewable if you use fast breeder reactors.
Just sayin’.
Nukes are the only real ‘green’ energy.

[Diana in Wisconsin]

GMTA!

[Renfrew]

One of the main causes is that China has decided to switch from coal to natural gas, mostly to fight the smog in their cities.

As China goes around the world buying up NG, it is increasing the price for everyone else.

[TnTnTn]

It it weren’t for coal and oil we would still be living as peasants around the strong man’s castle…and we are heading back that way with rat policies…

[Revel]

Oh come on. There is noting green about generating waste that is deadly for more then 100,000 years. There is nothing green about the disasters in Russia and Japan. And there is nothing more insane than having a 100,000 year dirty bomb that you can’t simply shut down and walk away from when an impending disaster is imminent. Be it natural or man made.

Here is a man made example. A nuclear bomb is detonated in a large city. Horrible enough. But not as horrible as what comes next. With no manpower or infrastructure left to run the nuke plants nearby then they all meltdown and explode within hours. Doing far more permanent damage than the original bomb.

There a hundred more scenarios that are just as bad. Never has man done anything more insane.

I get a kick when watching apocalyptic movies where society had been severely disrupted and people wander in the aftermath. The real ending to those movies is that all the nuclear power plants all go boom within hours(Due to lack of cooling) spreading radioactive waste across the entire world. Leaving few long term survivors.