GREEN NEW DEAL = BLIZZARD OF LIES

[Ron Wagner + 710]

15 hours ago, Boat said:

Oil and coal may recover to previous levels or they may not. One thing for sure if new consumptions levels are reached, don’t expect big gains. It won’t take long for renewables and nat gas to fill the void caused by Putin. The electric car will kill transportation oil consumption along with oil producers influence in politics. Coal will stay on a reduced plateau then return to stranded assets. This transition has been a couple decades in the making but is unstoppable. 

Wait until there are a large number of electric vehicles. They will be getting their electricity mainly from fossil fuels just as they are right now. Especially in China.

Have you been following the price of lithium lately?  

Edited September 19, 2022 by Ron Wagner

[Ron Wagner + 710]

https://www.wsj.com/articles/dont-believe-the-hype-about-antarcticas-melting-glaciers-ice-sheet-climate-change-global-warming-sea-levels-greenland-iceberg-ocean-11663618509?mod=hp_opin_pos_1

 

Don’t Believe the Hype About Antarctica’s Melting Glaciers

Two studies carefully explore the factors at play, but the headlines are only meant to raise alarm.

 

By Steven Koonin

Sept. 19, 2022 6:27 pm ET

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The Thwaites Glacier in Antarctica, Sept. 5.PHOTO: COVER IMAGES/ZUMA PRESS

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Alarming reports that the Antarctic ice sheet is shrinking misrepresent the science under way to understand a very complex situation. Antarctica has been ice-covered for at least 30 million years. The ice sheet holds about 26.5 million gigatons of water (a gigaton is a billion metric tons, or about 2.2 trillion pounds). If it were to melt completely, sea levels would rise 190 feet. Such a change is many millennia in the future, if it comes at all.

Much more modest ice loss is normal in Antarctica. Each year, some 2,200 gigatons (or 0.01%) of the ice is discharged in the form of melt and icebergs, while snowfall adds almost the same amount. The difference between the discharge and addition each year is the ice sheet’s annual loss. That figure has been increasing in recent decades, from 40 gigatons a year in the 1980s to 250 gigatons a year in the 2010s.

But the increase is a small change in a complex and highly variable process. For example, Greenland’s annual loss has fluctuated significantly over the past century. And while the Antarctic losses seem stupendously large, the recent annual losses amount to 0.001% of the total ice and, if they continued at that rate, would raise sea level by only 3 inches over 100 years.

Many fear that a warming globe could cause glaciers to retreat rapidly, increasing discharge and causing more rapid sea-level rise. To get beyond that simplistic picture, it is important to understand how glaciers have flowed in the past to predict better whether they might flow faster in the future.

Two recent studies reported in the media focus on the terminus of glaciers—i.e., where the ice, the ocean and the ground come together. One study used an underwater drone to map the seabed at a depth of 2,000 feet, about 35 miles from the terminus of the Thwaites Glacier in Antarctica. Detailed sonar scans showed a washboard pattern of ridges, most less than 8 inches high. The ridges are caused by daily tides and serve as a record of where ice touched the seabed in the past. Researchers could read that record to infer that at some time in the past the glacier retreated for half a year at more than twice the fastest rate observed between 2011 and 2019.

The cause of the specific event at the Thwaites Glacier remains unknown, in part because the time of the rapid retreat hasn’t yet been determined. It likely happened more than 70 years ago, if not several centuries ago. But the media goes with this angle: “A ‘doomsday glacier’ the size of Florida is disintegrating faster than thought.” A correct headline would read: “Thwaites Glacier retreating less than half as rapidly today as it did in the past.”

A second study tested the idea that freshwater from the melting of one glacier could be carried by currents along the shore to accelerate the discharge of nearby glaciers. Because global climate models are insufficiently detailed to describe the ocean near the coast, researchers constructed a special model to prove out their idea. If ocean currents can connect the discharges of distant glaciers, that would add to the complexity and variability of changes in the Antarctic ice sheet.

Under scenarios deemed likely by the United Nations’ Intergovernmental Panel on Climate Change, a connection between ocean currents and discharge would increase the overall discharge rate in one region of the continent by some 10% by the end of the century. But to emphasize the idea being tested, the modelers used human influences almost three times larger. Even though that fact is stated in the paper, reporters rarely catch such nuance, and the media goes with headlines such as “Antarctic Ice Melting Could Be 40 Percent Faster Than Thought” with the absurd statement that “a massive tsunami would swamp New York City and beyond, killing millions. London, Venice and Mumbai would also become aquariums.” A more accurate headline would read: “Ocean currents connecting antarctic glaciers might accelerate their melting.”

These two studies illustrate the progress being made in understanding a dauntingly complex mix of ice, ocean, land and weather, with clever methods to infer past conditions and sophisticated computer modeling to show potential future scenarios. These papers describe the science with appropriate precision and caveats, but it is a shame that the media misrepresents the research to raise alarm. That denies the public the right to make informed decisions about “climate action,” as well as the opportunity to marvel at the science itself.

Mr. Koonin is a professor at New York University, a senior fellow at the Hoover Institution and author of “Unsettled: What Climate Science Tells Us, What It Doesn’t, and Why It Matters.”

[Boat + 1,324]

On 9/18/2022 at 9:01 AM, Ecocharger said:

This creates problems for cobalt sources, squeezes EV prices upwards, which means EVs are not the answer for universal personal transportation.

I think Tesla uses around 60% LFP batteries avoiding cobalt and nickel constraints at least for a couple years. We’ll see when the pickup and Semi kick in. Despite your assertion that the electric transition is not the answer, the tech moves forward. 

[Boat + 1,324]

On 9/18/2022 at 8:07 PM, Ron Wagner said:

Wait until there are a large number of electric vehicles. They will be getting their electricity mainly from fossil fuels just as they are right now. Especially in China.

Have you been following the price of lithium lately?  

I think lack of chips is still the biggest issue for any vehicle. I think Tesla has their lithium needs covered. They are the only EV car company with volume in the US. That makes the other hype kinda non consequential for a couple years. Grid storage batteries still have plenty of supply for the new factories. We’ll see. It’s a fast moving industry. 

[Boat + 1,324]

On 9/18/2022 at 6:59 PM, Jay McKinsey said:

How Illegal Coal Mining Became One Of The Most Dangerous Jobs In India  https://youtu.be/V5J33TWm4Cs

A few years back China coal mining was ranked as one of the most dangerous jobs in the world. Some of these Putin types don’t care about human deaths. Some leaders are Mafia type and let scant morals rule their decision making. I have hopes for better conduct but hoping doesn't get change. Aspiration won’t take down a greed driven tyrant. Bad morals won’t stop their drive for loyalty.  

I had hoped India was turning the page and was moving towards the ideas of fairness and free trade. It was disappointing they chose corrupt countries for cheap energy. 

 

Edited September 21, 2022 by Boat

[Boat + 1,324]

On 9/18/2022 at 8:07 PM, Ron Wagner said:

Wait until there are a large number of electric vehicles. They will be getting their electricity mainly from fossil fuels just as they are right now. Especially in China.

Have you been following the price of lithium lately?  

That is not new news Ron. The tech of solar and wind just hit the break even point with nat gas around 3 years ago. The energy market is huge. Just transportation will take a couple decades to kill market share for oil. Oil will also lose to nat gas. Maybe you don’t remember that. Nat gas is a Fossile fuel. Obama preached nat gas as the bridge fuel of the future. I guess you missed that part. 
Meanwhile the solar swarm is just getting rolling. That $8 nat gas is helping. The South will go nuts the next 10 years with batteries for storage jumping to the forefront. Even a year from now we’ll be looking at the charts jump. 

[Michael Sanches + 187]

In recent months, China has significantly boosted its coal production, following government orders for more coal supply. Faced with power shortages last autumn, Chinese authorities ordered an increase in domestic coal production as global coal prices soared.

China has put more emphasis on energy security since the autumn of 2021. Earlier this year, China said it would continue to maximize the use of coal in the coming years as it caters to its energy security, despite pledges to contribute to global efforts to reduce emissions.

China gave the green light to as many as 8.63 gigawatts (GW) of new coal-fired power plants in the first quarter of 2022 alone

[Ecocharger + 1,474]

On 9/18/2022 at 5:14 PM, notsonice said:

the death of coal one solar panel at a time..........

 

https://www.mprnews.org/story/2022/09/16/solar-power-station-set-becker-minnesota-regulators-approve

Minnesota regulators OK building massive solar power station near Becker

Xcel says it expects the Sherco Solar project to be fully operational by late 2025

Mathew Holding Eagle III

September 16, 2022 11:11 AM

 

The Sherco Solar project will be built adjacent to the existing Sherco coal-fired power plant. All three units of the coal plant are scheduled to be retired by 2030.

Kirsti Marohn | MPR News file

Share

State regulators have signed off on Xcel Energy’s plan to start construction on the largest solar-energy project in the Upper Midwest.

The Minnesota Public Utilities Commission reported that, once completed, the Sherco Solar project near Becker, northwest of the Twin Cities, is expected to cut carbon emissions by nearly 300,000 tons annually as the electricity it produces replaces some of the power generated by the Sherco coal-fired plant that's set to close by 2030.

The cost of the solar project is estimated at $575 million. Regulators say the project will generate approximately $240 million for the local economy over its lifetime. The Public Utilities Commission gave final approval for the plan Thursday.

Xcel says it expects the Sherco Solar project to be fully operational by late 2025. When finished it will produce 460 megawatts of power.

In a statement, Xcel said the project is vital to its plan to transition power generation from coal and have all its electricity production be carbon-free by 2050.

In approving the solar project Thursday, the commission noted broad support for the plan from surrounding communities and deemed it a cost-effective energy investment.

Here is the reality of renewables, old man, coming to to a theatre near you.

This where you want to take us.

https://oilprice.com/Latest-Energy-News/World-News/Thousands-Take-To-The-Streets-In-Belgium-Against-Soaring-Energy-Prices.html

"Thousands of people protested against soaring electricity prices and costs of living in the Belgian capital Brussels on Wednesday, following a similar protest the day before in Slovakia, and earlier this month in the Czech Republic.

In what has been dubbed “a national day of action”, as reported by the Associated Press, some 10,000 people protested across the country, demanding solutions to soaring electricity and natural gas prices and skyrocketing costs of living.

According to AP, citing a Belgian media poll, at a time when electricity and gas bills have nearly doubled from a year ago, some 64% of Belgians are concerned they may not be able to pay their energy bills. 
"

 

Edited September 22, 2022 by Ecocharger

[Ecocharger + 1,474]

22 hours ago, Boat said:

A few years back China coal mining was ranked as one of the most dangerous jobs in the world. Some of these Putin types don’t care about human deaths. Some leaders are Mafia type and let scant morals rule their decision making. I have hopes for better conduct but hoping doesn't get change. Aspiration won’t take down a greed driven tyrant. Bad morals won’t stop their drive for loyalty.  

I had hoped India was turning the page and was moving towards the ideas of fairness and free trade. It was disappointing they chose corrupt countries for cheap energy. 

 

EVs breed bad morals, child slave labor in Africa.

[Ecocharger + 1,474]

On 9/18/2022 at 7:59 PM, Jay McKinsey said:

How Illegal Coal Mining Became One Of The Most Dangerous Jobs In India  https://youtu.be/V5J33TWm4Cs

How about EVs breeding child slave labor in Africa?

[notsonice + 1,255]

11 hours ago, Ecocharger said:

Here is the reality of renewables, old man, coming to to a theatre near you.

This where you want to take us.

https://oilprice.com/Latest-Energy-News/World-News/Thousands-Take-To-The-Streets-In-Belgium-Against-Soaring-Energy-Prices.html

"Thousands of people protested against soaring electricity prices and costs of living in the Belgian capital Brussels on Wednesday, following a similar protest the day before in Slovakia, and earlier this month in the Czech Republic.

In what has been dubbed “a national day of action”, as reported by the Associated Press, some 10,000 people protested across the country, demanding solutions to soaring electricity and natural gas prices and skyrocketing costs of living.

According to AP, citing a Belgian media poll, at a time when electricity and gas bills have nearly doubled from a year ago, some 64% of Belgians are concerned they may not be able to pay their energy bills. 
"

 

"Thousands of people protested against soaring electricity prices and costs of living in the Belgian capital Brussels on Wednesday, following a similar protest the day before in Slovakia, and earlier this month in the Czech Republic.

Those people were not protesting against renewables, they were protesting against the cost of Fossil Fuel generated electricity.

The reason for the soaring electicity prices are all from the soaring costs of fossil fuels and your master , Putins war.

Enjoy the costs of fossil fuels is driving an increase in renewables across Europe and the world. 

The Death of Coal , One Solar Panel at a Time.

[notsonice + 1,255]

 

https://renews.biz/80608/us-bill-will-accelerate-critical-grid-permitting/

US Bill ‘will ‘accelerate critical grid permitting’

American Council on Renewable Energy welcomes proposed legislation by Senator Joe Manchin

 22 September 2022 09:38

 

 

 

The US renewables industry has welcomed a new Bill that aims to speed up permitting for electrical infrastructure.

 

Senator Joe Manchin has introduced legislation that proponents say will help streamline the transmission approval process.

 

The American Council on Renewable Energy said if enacted the laws would improve the ability to meet the nation’s decarbonization goals by better connecting our key renewable resources to our largest population centres.

“We know we need to expand and upgrade the nation’s electrical grid to fully realize the renewable energy growth expected under the Inflation Reduction Act,” it said.

 

“Yet, it remains very difficult to get new transmission lines sited, permitted and built in this country, with successful efforts rare and typically taking more than a decade.

 

“We look forward to working with members of Congress to move these important policies into law and help our nation forward on its path to a clean energy future.”

[specinho + 470]

On 9/19/2022 at 4:26 AM, notsonice said:

you still holding onto your horse drawn world? I bet you are doing the same with your coal powered steam engine

 

the meaning is two folds.

1. animal carts release no pollutant when in used or during production. Defecate from animals ( eating normal herbivore diets) in service can be natural fertilizer. Products from animals e.g. milk, meat, bones, skin etc can be used to feed the community.

What could be cleaner form of transport and multi-purpose than these?

 

2. we need to redefine the need of rapid massive development and to recreate cities so that traffic congestion, out of bad road and town shed designs, too many cars on the road, would no longer be an issue. Horse carts can be conveniently accommodated despite the lightning-walking speed........

 

Open you eyes to see wider than EV vs non EV; solar-wind vs non renewable.

 

Bigger things in more massive scale of usages are causing climate change than the said culprit fossil fuel alone......

We overlooked the simple causal agents. Our targeted solutions are skewed. We will never achieve the aim of helping the earth to recover shall we insist on looking at the wrong things and going the wrong ways.......

[specinho + 470]

On 9/21/2022 at 11:22 AM, Boat said:

I think Tesla uses around 60% LFP batteries avoiding cobalt and nickel constraints at least for a couple years. We’ll see when the pickup and Semi kick in. Despite your assertion that the electric transition is not the answer, the tech moves forward. 

saw this somewhere........

[notsonice + 1,255]

2 hours ago, specinho said:

the meaning is two folds.

1. animal carts release no pollutant when in used or during production. Defecate from animals ( eating normal herbivore diets) in service can be natural fertilizer. Products from animals e.g. milk, meat, bones, skin etc can be used to feed the community.

What could be cleaner form of transport and multi-purpose than these?

 

 

2. we need to redefine the need of rapid massive development and to recreate cities so that traffic congestion, out of bad road and town shed designs, too many cars on the road, would no longer be an issue. Horse carts can be conveniently accommodated despite the lightning-walking speed........

 

Open you eyes to see wider than EV vs non EV; solar-wind vs non renewable.

 

Bigger things in more massive scale of usages are causing climate change than the said culprit fossil fuel alone......

We overlooked the simple causal agents. Our targeted solutions are skewed. We will never achieve the aim of helping the earth to recover shall we insist on looking at the wrong things and going the wrong ways.......

so the answer to the question.....

are you still holding onto your horse drawn world? or are doing the same with your coal powered steam engine ???

 

is yes????

 

enjoy cleaning up after your horse and enjoy shoveling coal at the same time you are puttering along at 5 mph......

An EV has neither problems

 

 

[TailingsPond + 1,008]

21 minutes ago, notsonice said:

so the answer to the question.....

are you still holding onto your horse drawn world? or are doing the same with your coal powered steam engine ???

is yes????

enjoy cleaning up after your horse and enjoy shoveling coal at the same time you are puttering along at 5 mph......

An EV has neither problems

I laugh at how the EV haters think that strengthening the electrical grid is somehow impossible, but having gas stations near everywhere is practical.

 

[Michael Sanches + 187]

Fortunately, coal is coming to the rescue.

In China 104 coal plants of a total of 102 gigawatts (GW) in 26 countries are planned, considered, or in construction under either Chinese financing or engineering, procurement and construction (EPCs) agreements, CREA and its partner in the report, People of Asia for Climate Solutions, said.

7.6 GW or 14 plants, have already entered into operation over the past year. Another 27 plants with 23 GW capacity are near completion, and they will likely enter into operation soon.

[notsonice + 1,255]

China forecasts 50% non-fossil fuel energy sources by end of 2022

on: January 30, 2022In: Power

 

 

 

 

 

 

*China’s national power-generating mix for four scenarios in 2020, 2025, and 2030

OpeOluwani Akintayo

Lagos — China’s energy council has forecast its non-fossil fuel energy sources to hit half of its total power generation capacity by the end of the year.

A report issued by the China Electricity Council, CEC late Thursday, said the country is expected to add 180 gigawatts (GW) of renewable sources in 2022, increasing its non-fossil fuel capacity to 1,300 GW.

China is currently the world’s biggest greenhouse gasses emitter and coal consumer.

That equates to half of the CEC’s forecast of total installed power generation capacity in China of 2,600 GW by the end of 2022, of which 1,140 GW would be coal-fired power capacity, the report said.

 

[Michael Sanches + 187]

• China forecasts 50% non-fossil fuel energy sources by end of 2022

China also says it is not responsible for fentanyl deaths despite being responsible for 100,000's of fentanyl deaths. Why do you let them lie to your face?

China’s energy council has forecast . . . 

Translation: China's energy council, knowing that stupid people will believe them despite all their previous lies, has forecast . . . 

[notsonice + 1,255]

56 minutes ago, Michael Sanches said:

• China forecasts 50% non-fossil fuel energy sources by end of 2022

China also says it is not responsible for fentanyl deaths despite being responsible for 100,000's of fentanyl deaths. Why do you let them lie to your face?

China’s energy council has forecast . . . 

Translation: China's energy council, knowing that stupid people will believe them despite all their previous lies, has forecast . . . 

China is also lying about their GDP growth and the construction of new coal fired power plants. The are also lying about their coal output.... Yet you bought their BS and posted it here..........

 

Fentanyl......Dude what are you babbling about????? are you on the pipe again?

[notsonice + 1,255]

Ecochump, how you doing with your robust demand you were spouting about last month?????? You supported your BS claims with the GS year end estimates..... A sucker is born every day ......

 

$86 Brent and $78 WTI today sure looks like Oil is taking a big dump .......Now if your claim of big robust demand was true ......oil should be skyrocketing....yet today ......

Enjoy

 

 

 

 

Goldman Sees $5 Gasoline, $130 Brent By Year End

By Julianne Geiger - Aug 11, 2022, 5:30 PM CDT

The price of retail gasoline just dipped below $4 per gallon, AAA data showed on Thursday, but prices could rise to $5 per gallon by the end of the year, Goldman Sach’s Head of Energy Research Damien Courvalin told Bloomberg TV on Thursday.

“We think that’s the level at which we need to see sustained pricing to eventually solve the market deficit,” Courvalin told Bloomberg.

As for crude oil prices, Courvalin sees Brent climbing to $130 by the end of the year. “So we think Brent goes to $130 per barrel at the end of this year to reflect this need for sustained high prices.”

 

“We’re still in deficit. Despite growth slowing, prices still have work to do, and that’s higher from here.”

Goldman’s forecast assumes China’s demand for jet fuel and diesel only grows moderately from here until the end of 2023, pressured by its zero-Covid policy. 

That scenario could shift, Courvalin points out. “If we’re talking half a million barrels per day of Chinese demand going back to its prior highs, just on our pricing model, that’s $15 upside per barrel to Brent prices.”

In the shorter term, Courvalin sees gasoline and diesel prices going up as refiners head into turnaround season due to the lack of a typical inventory buffer that is currently not present in the market.

As of the latest EIA data, total motor gasoline inventories in the United States were 6% below the five-year average for this time of year, while distillate fuels were 24% below the five-year average.

Brent crude was on the upswing on Thursday, trading $2.38 (2.44%) higher on the day at $99.78, pressing to reclaim its position above $100 per barrel—a position the international crude oil benchmark has held for most of the summer.

By Julianne Geiger for Oilprice.com

 

 

Edited September 23, 2022 by notsonice

[notsonice + 1,255]

On 7/2/2022 at 2:16 PM, notsonice said:

Big Oil thanks for the upcoming recession....Big oil sure knows how to screw everyone........ Demand destruction is happening fast ...........A switch to renewables and EVs  is the result

 

MSN

🛢Ditch Dangerous Oil Stocks Before the Recession Hits

Luke Lango - Yesterday 12:38 PM

 

 

 

This year has been one to remember for oil stocks. But what goes up must come down. So, if you own red-hot oil stocks, you’ll want to sell them and look elsewhere to thrive during a recession.

Hey, you’ve had a good run with crude. While the first six months of 2022 saw the stock market’s worst run since 1970, oil prices rose about 50%. That’s crude oil’s biggest breakout since the first half of 2008.

But the second half of 2008 was a different story.

A recession hit, and oil prices slumped into their biggest crash in decades. All told, “black gold” lost roughly 80% of its value in six short months.

Now, the data suggests history is about to repeat itself.

© Provided by InvestorPlaceOil barrel and spilled oil in form of United States isolated on white.

A Repeat of 2008

The bear thesis on oil is a simple one. Oil always gets crushed by more than 40% in recessions. And right now, we’re walking hand-in-barrel into a recession. Black gold is trading near all-time highs ahead of demand destruction and massively overstated supply constraints. So, get ready because oil prices could get crushed in a big way.

This is exactly what happened in 2008.

During the first half of the year, oil prices surged. And stocks struggled on worries of supply constraints, underinvestment in refining capacity, and a still-strong demand for oil. Yet, in the back half of the year, a recession hit. And suddenly, demand collapsed, rendering the supply constraints meaningless. Oil prices dropped 80% in six months.

The parallels to 2022 are eerily similar, right down to the price action. Just look at the following chart. The current oil bull market (blue) is trending in step with the 2007-08 bull market (orange).

© Provided by InvestorPlaceis the current oil bull market about to crash

Both soared from $50 per barrel to $100-plus in about 300 days. Both took another 50 to 75 days to climb to $120-plus oil. And both started to show signs of weakness about 375 days in.

As of today, we’re about 390 days past $50 oil in the current cycle. At present, oil prices are 15% off their recent highs. At this point in the 2008 oil bull market, oil prices were about 17% off their recent highs.

The rally. The peak. The decline. They all line up almost perfectly. That means that if the U.S. economy does spiral into a recession in 2022-23, what comes next could be an epic crash in oil prices.

We think that’s exactly what’s going to happen. As a result, the strategy here should be to ditch oil and buy recession-proof stocks.

 

Edited September 23, 2022 by notsonice

[Ron Wagner + 710]

On 9/20/2022 at 10:53 PM, Boat said:

That is not new news Ron. The tech of solar and wind just hit the break even point with nat gas around 3 years ago. The energy market is huge. Just transportation will take a couple decades to kill market share for oil. Oil will also lose to nat gas. Maybe you don’t remember that. Nat gas is a Fossile fuel. Obama preached nat gas as the bridge fuel of the future. I guess you missed that part. 
Meanwhile the solar swarm is just getting rolling. That $8 nat gas is helping. The South will go nuts the next 10 years with batteries for storage jumping to the forefront. Even a year from now we’ll be looking at the charts jump. 

The cost of lithium is soaring, so will the cost of the batteries you take for granted. The cost of  other "rare" metals is also. The cost of new electrical lines and towers etc has not been factored in. Solar is not even as competitive as wind. Wave has not yet been successful that I know of. 

Natural gas, is the best clean answer for the volumes needed. It is still being flared worldwide. It is the best and simple answer IMHO. It can be produced from any biomass. See my topic on biogas https://docs.google.com/document/d/1N-TLMeHsKYBCirxS0vbqMGHpU2SmyLuCc7bqp8eYXVM/edit

[footeab@yahoo.com + 2,191]

7 hours ago, notsonice said:

China forecasts 50% non-fossil fuel energy sources by end of 2022

on: January 30, 2022In: Power

 

 

 

 

 

 

*China’s national power-generating mix for four scenarios in 2020, 2025, and 2030

OpeOluwani Akintayo

Lagos — China’s energy council has forecast its non-fossil fuel energy sources to hit half of its total power generation capacity by the end of the year.

A report issued by the China Electricity Council, CEC late Thursday, said the country is expected to add 180 gigawatts (GW) of renewable sources in 2022, increasing its non-fossil fuel capacity to 1,300 GW.

China is currently the world’s biggest greenhouse gasses emitter and coal consumer.

That equates to half of the CEC’s forecast of total installed power generation capacity in China of 2,600 GW by the end of 2022, of which 1,140 GW would be coal-fired power capacity, the report said.

 

Meanwhile, here in REALITY: https://www.cnn.com/2022/08/23/economy/china-coal-reliance-heat-wave-intl-hnk/index.html

~TLDR: Coal consumption and generation capacity hit ALL TIME HIGH's in China rising from 67% to 69% from coal in 2022, ... NOT the pathetic utopian dream BS you posted

[Jay McKinsey + 1,490]

Here in reality renewables are growing faster than fossil in China:

China could exceed renewables generation target of 33% by 2025

 

Renewables likely to reach 36% of electricity consumption by 2025

China's renewable resources concentrate in north and west regions

Cross-provincial trading key to boost nationwide renewable consumption

China is on track to meet its 33% electricity consumption target from renewables by 2025 and could comfortably exceed it amid ongoing efforts to debottleneck the power grid to accommodate more renewables, analysts and clean energy project developers said.
 

 China's energy regulator National Energy Administration, or NEA, Sept. 16 published its 2021 annual evaluation report for renewable power development under which it stated that renewable electricity consumption totaled 2,444.6 terawatt-hours in 2021, accounting for 29.4% of total electricity consumption.

This is already close to China's 14th Five-Year Plan target of requiring 33% of electricity consumption to come from renewables by 2025 that has generally been considered a conservative target by market participants. The five-year plan was unique in that its renewable energy target was consumption based, instead of generation based, which improves the likelihood of increasing actual clean energy consumption and changing demand-side behavior.

"We forecast renewable energy's share could reach 36% by 2025. The [33%] target is certainly achievable considering current solar and wind development momentum," Caroline Zhu, senior analyst of low-carbon electricity at S&P Global Commodity Insights, said.

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/energy-transition/092322-china-could-exceed-renewables-generation-target-of-33-by-2025

Edited September 23, 2022 by Jay McKinsey