- cross-posted to:
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- cross-posted to:
- [email protected]
Five years after virtually every world leader agreed to “phase down” the burning of coal for climate reasons, the fuel is more widely used than ever.
Five years after virtually every world leader agreed to “phase down” the burning of coal for climate reasons, the fuel is more widely used than ever.
Sh*t! (Self censoring because I have a small kid /s)
I thought a bit part of the difference was made up by renewables. Guess for once I was too optimistic…
Replacing LNG with coal is basically not much of a difference in terms of emissions. Although burning gas is cleaner then coal, methane leaks and the energy it takes to liquefy the gas make total emissions pretty similar.
It also does not mean that nothing has been replaced by renewables. There are also some other factors, like higher EV sales, which need electricity to charge. That is long term a good thing, as even with pure coal electricity BEVs are better then ICE cars. When you then add renewables it becomes much better.
Our entire society is built on fossil fuels. We are not even close to transitioning out of fossil fuels unfortunately. This Iran war is a lot more dangerous than people think it is. The loss of fossil fuels getting to the market will result in the loss of economic output the global market (macroeconomics afterall).
So we have bought ourselves some time with strategic reserves. The collapse (or at best a contraction of 20%) of the global economy is still possible though. We are heading towards the cliff slowly, but we are still heading there.