Discover and read the best of Twitter Threads about #coal

Most recents (19)

Thread: @BillGates claims fossil fuel #divestment has 'zero' climate impact, and #climatechange activists are 'wasting their time' lobbying investors to ditch #fossilfuel stocks ft.com/content/21009e…
@BillGates Gates: “#Divestment, to date, probably has reduced about zero tonnes of emissions. It’s not like you’ve capital-starved [the] people making steel and gasoline” ft.com/content/21009e…
@BillGates As @350 note: arguments against fossil fuel #divestment miss a larger point. The idea is not to starve companies of capital but to remove their “social licence to operate” & make it easier for Govts to act on climate issues by breaking #fossilfuel companies’ hold on politicians.
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Recent @bradplumer article for @nytimes asks - will utilities replace #coal with #naturalgas or #renewableenergy? Utilities are diverging along those paths, but the math for renewable and storage economics is more compelling than many understand. A thread:
1/ If you concede that natgas or some "firm" capacity is for balancing and to meet peak, it's fair as a rule of thumb to say solar plus storage replaces that service until we get to much higher penetrations of renewables. We can rely for now on 450 GW of existing gas.
2/ @Lazard LCOE v12 puts the LCOE of natgas at $41-74. Consider two interesting numbers. The first is yesterday's contracts for 1200MW solar and 590MW storage in Nevada. Only one contract for 200/100 MW of solar + 4hr battery announced prices. greentechmedia.com/articles/read/…
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1. #News ~ China’s President Xi in Russia: President Trump Is My “Friend”
– China, US Too Intertwined to Break Up Over Trade War thegatewaypundit.com/2019/06/chinas…

#Trump #Qanon @realDonaldTrump #WWG1WGA
2. #News ~ Far-Left Vice News Celebrates Prepubescent Boys Dressed in Drag, “Next Generation of Drag Queens” (VIDEO) thegatewaypundit.com/2019/06/far-le…

#Trump #Qanon @realDonaldTrump #WWG1WGA #ChildSexAbuse
3. #News ~ Protesters Who Dumped Glitter-Lube Concoction On Police Receive Jail Sentences thegatewaypundit.com/2019/06/protes…

#Trump #Qanon @realDonaldTrump #WWG1WGA
Read 96 tweets
Huge #cleanenergy news to kick off week!

@GuzmanEnergy offering to buy three of @TriStateGT's #coal-fired power plants (and a coal mine), shut them down, replace them with #renewables.

Tri-State would be crazy to pass up this deal,

energynews.us/2019/05/28/wes…
Deal would shutter @TriStateGT's Craig power plant in NW #Colorado, also Escalante plant in #NewMexico.

@GuzmanEnergy would replace costly #coal w/more affordable #cleanenergy, saving Tri-State's rural electric co-op members higher rates, promoting local economic development.
According to @GuzmanEnergy release, proposal would also provide, "substantial financial assistance to communities negatively impacted by the early retirement of coal plants, to be driven by engagement directly with those
communities and other local partners."

#JustTransition
Read 9 tweets
So China's MacMines shelves its decade long development of its Galilee Coal project, China Stone. A $6.7bn high ash, low energy (HALE) thermal #coal export proposal. abc.net.au/news/2019-05-2… by @LGartry
Why? 🇨🇳 is moving to decarbonise & transition its economy as fast as it can. China is the world's biggest producer, consumer & importer of coal. But China's coal consumption peaked in 2014. 🇨🇳 will probably cease thermal coal imports medium term, relying on their domestic mines.
China just announced a 21GW subsidy free wind & #solar tender, for construction completion by next year. Grid parity for renewables in China by 2020. That is well ahead of target. Zero pollution, zero emissions domestic production. bloomberg.com/news/articles/… by Feifei Shen @business
Read 10 tweets
In April, Alberta, Canada, will elect a new provincial government. Many may be unaware that the current @rachelnotley govt has adopted a globally significant #climate plan. Here is what's in it, what it has done, and what is at stake next month. A THREAD #abvote 1/24
First, where did Alberta’s Climate Leadership Plan plan come from? (George Soros, perhaps? Foreign-funded radicals?) No. It came from Albertans. A volunteer panel led by @andrew_leach spoke w 1K residents in-person and heard from 25K+ online. 2/24
The panel also engaged with 350+ stakeholders and met w Aboriginal Peoples in three cities, and received hundreds of detailed submissions from NGOs, industry groups and others. 3/24
Read 26 tweets
Globally significant financial institutions are exiting the thermal #coal sector. To-date, over 100 firms have restricted coal finance, ceased thermal coal insurance and/or divested coal and coal-fired power plants globally from their portfolios. ieefa.org/ieefa-report-e…
Capital is fleeing the rising stranded asset risk of thermal coal as more and more globally significant financial institutions move to a policy framework more aligned with the Paris Climate Agreement. The growing global focus on TCFD means this will accelerate. @ieefa_institute
Since the start of 2018, 34 globally significant financial institutions have announced new coal divestment/restriction polices. In 2019 to-date, VIG of Austria, Varma of Finland, Nedbank of South Africa, Barclays Bank UK & Export Development Canada have all announced.
Read 11 tweets
I thought it worth a thread suggesting something material might just have changed in Australia's #1 thermal #coal export destination - Japan 🇯🇵. We at IEEFA have written about this quite a bit, but mainly about the growing momentum to exit #coal. ieefa.org/ieefa-japan-ea…
On the other side, @JoshSHill wrote about TEPCO, Japan's biggest thermal power generation firm. They just announced a joint venture MoU with @Orsted for offshore #wind.
Anyone else seeing a Japanese corporate pivot towards #RenewableEnergy internationally?
reneweconomy.com.au/japan-looks-to…
TEPCO also this week announced it will co-seed CleanGrid Partners' US$60m #solar infrastructure fund for South East Asia, starting with distributed, off grid solar replacing imported diesel applications in Philippines. A smallish step, but a good one. ✔️ straitstimes.com/business/compa…
Read 5 tweets
Read 7 tweets
President Trump upended decades of U.S. policy that started with Richard Nixon when he declared that the goal of the U.S. was no longer “energy independence” but rather “American energy dominance.” This wasn’t Trumpian hyperbole. latimes.com/opinion/op-ed/…
/2 Few policies have been pursued by the administration with more cohesiveness, zeal, and success — or with more potential to yield great and lasting harm. Trump has unleashed a massive, untethered expansion of oil, natural gas and coal production.
/3 Trump's "American Energy Dominance" policy seeks to make the U.S. the world’s foremost fossil fuel powerhouse. Its origins are in the radical writings of 2 Trump campaign advisers who call fossil fuels "The Master Resource,"as I wrote in @RollingStone rollingstone.com/politics/polit…
Read 12 tweets
France presented today its #energy and #climate strategy. It has four goals:
1 - To cut #energy consumption
2 - To turn away from #fossilfuels
3 - To diversify its #energy mix
4 - To keep things affordable, increase jobs and innovate medias.businessimmo.com/default/0002/3…
The overall target of France's strategy for #energy and #climate is to achieve carbon neutrality by 2050 through cutting GHG emissions down significantly and also increasing carbon sinks
France wants to cut #CO2 emissions down to 227 Mt in 10 years by cutting final #energy consumption 14% and primary #energy from #fossilfuels by 35%. Also, increasing #renewable heating and doubling the #electricity from renewables. Note: transport emissions vanish by 2050.
Read 11 tweets
#2918SHA O'Hara: policing is done by a variety of different agents. Wood: SC Gov. Cole Blease (rabid racist & passionate defender if lynching), but also used pardon powers liberally; wrote about penal reform = Southern exceptionalism?
#2018SHA Wood: reinforced the racial hierarchy of Jim Crow = what @Lankwa calls the paradox of Southern #Progressivism. Blease directly appealed to poor whites, engendering racism. But also ended convict leasing.
Read 14 tweets
So @AdaniAustralia's low quality means they would only receive half the #coal benchmark price, even if they use a huge amount of Townsville's drinking water for washing to make it saleable. A stranded asset the @IPCC_CH says we can't afford. @mattjcan afr.com/business/minin…
Is @ScottMorrisonMP proposing a $200m upgrade of Townsville's water supply to offset the free upstream of Townsville water being gifted by @DrAnthonyLynham to a foreign tax haven based billionaire to export yet more low quality thermal coal the world can't afford to burn?
South Korean Government SOEs rule out any financing nor EPC involvement in @AdaniAustralia's proposed Carmichael #coal mine. thewire.in/business/gauta… by @kabira_tweeting
Read 5 tweets
Today much of the world's population lives safer, more comfortable, healthier, longer, more productive lives than ever before. And yet, around half of the global population currently lacks access to enough electricity, and 1.2bn people have no access at all. #IPCC 1/n
Global electricity access is rising, which is improving the lives of millions. But this means our decarbonisation challenge is even greater, since we not only have to replace our entire fossil fuel infrastructure, but probably double it to meet rising global energy demand. #IPCC
The question is where will this energy to come from? A: Right now, mainly from #coal. #IPCC
Read 25 tweets
Steeling myself with a strong coffee to sit down and read major new report on avoiding dangerous #climatechange (@IPCC_CH #SR15, available here: ipcc.ch/report/sr15/). My takes to follow (1/n)
As always, the #peerreview effort by @IPCC_CH is Herculean. A couple hundred volunteer scientists read & cited 6,000+ studies to support conclusions w/ evidence. Responded to 42,001 comments in 3 rounds of review. The most robust process there is to establish scientific consensus
Now, this #SR15 report title is descriptive, but doesn't exactly roll off the tongue...
Read 59 tweets
Thread) Well there you go: the Minerals Council of Australia rep #BHP, #RioTinto & #Glencore couldn't resist responding to the Kerry Schott's comments that the push for new #coal plants in Australia doesn't stack up financially #lignite #auspol
2) On an earlier thread I thought the MCA would duck for now & respond in the future - but the #coal lobby in Australia are getting desperate & can see how fast the case for new coal globally is collapsing. Desperate times breed desperate PR #auspol
3) There’s a few things worth noting about their latest media release – the MCA have opted to focus their criticism on Kerry Schott
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#Probablemente ([#EO]#probable🍀/[#EN]#Probably🏴󠁧󠁢󠁥󠁮󠁧󠁿)
Read 357 tweets
Six #nuclear reactors closed since 2013. By my count, up to 23 more reactors may retire w/o policy or market conditions improving: 21.6 GW = ~1/5th of US fleet, 4% of US #electricity--and crucially, 12% of emissions-free generation.

So what's killing nuclear power in the U.S.?
In a new @MIT CEEPR paper -- 1 part #energy #economics & 1 part film noir murder mystery! -- I provide the 1st empirical estimates of what's driving down #electricity market prices & killing profitability of 19 #nuclear power plants across @pjminterconnect ceepr.mit.edu/publications/w…
You can read a short policy brief summarizing the paper & key conclusions @MIT CEEPR here: ceepr.mit.edu/files/papers/2…

Abstract & paper here: ceepr.mit.edu/publications/w…

Slides presented at #ASSA2018 here: dropbox.com/s/b6192hrvn331…
Read 34 tweets
1/x Removing the Clean Energy Target will weaken the Australian Electricity Sector in the Long Term. #auspol #energypolicy #energycrisis
2/x Clean Energy Target is a mechanism to facilitate the electricity sector as it responds to a CO2 constrained future #energypolicy #auspol
3/x The stationary energy sector is one of the largest emitters of CO2
Read 100 tweets

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