The coal era is over, long live renewables

The coal era is over, long live renewables

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In Italy the first coal-fired power plants fail and in the world a series of events send the first signs that indicate the end of the coal era. Talking about it is Carl Pope, former president of Sierra Club, the organization founded in 1892 for the protection of terrestrial ecosystems. Carl Pope lists numerous indicators that would signal the imminent end of the coal era, in this article we will report a few.

With i alternative combistables and theclean energy, coal becomes an expensive and difficult resource to manage. In many countries there are aggravating CO2 emissions and tax breaks for greener industries. So the renewables they begin to spread and the coal giants give the first signs of regression.

-In March, the Tata group, a large Indian power producing energy from coal sources, announced that coal-based projects were becoming impossible, they did not guarantee any economic development and for this reason all sorts of investments in coal have ceased . The Tata group has decided to invest inwind energy is solar.

Coal is more abundant than Petroleum but that doesn't make it cheaper. In the United States, the largest coal supplier manages to produce each ton for only $ 12 but, if you add the running costs of supplying a power plant to coal of Ohio, the cost reaches $ 60 per ton. In China, the economic situation is worsening: there are large coal reserves in the Mongolian regions. Here China can extract coal for $ 25 a ton, and while the coal from the producer gets to the plants, the price exceeds $ 125 per ton.

- China and India had planned to buy coal for $ 40 a ton. The industries of the two countries are currently importing coal at "cheap”For a whopping 120 dollars per ton. A cost three times higher than initial expectations. There Reserve Bank of India has implemented information campaigns to alert investors of the big risks ofcoal industry.

- India and China are among the countries with the world's largest reserves of coal. A major hitch, however, is in the geographic location of these reserves. The coal mines they are found in remote areas, poorly connected with the coast. The existing railway systems are not sufficient to ship the volumes necessary for current needs. In addition, transporting coal by rail is very expensive. In addition, a large part of the transport costs consists of the purchase of PetroleumThus, when the price of oil increases, it also increases the price of coal.

Wind energy it has very competitive costs. L'wind industry China is planning to sell clean electricity at a price ranging from 7 to 12 cents per kilowatt-hour. India, with its solar parks offers clean electricity at 15 cents per kilowatt-hour. Prices of clean energies are destined to decline while the coal industry is destined to fail because it is unable to hold its own against renewable.

Credits | Illustration by Baptiste / Château-vacant

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