coal – Things Are Good

Ireland Ditches Coal

Ireland joins the ranks of other countries that have officially ditched coal, yes coal. Coal that 20th century power source that gave us global warming which too many places, like Canada, still use. We used to say that the future is renewable energy and it’s no longer the future: it’s today. Renewables are cheaper, more reliable, and not victim to the whims of an authoritarians who randomly attacks other countries. Renewable power gives Ireland predictable energy costs. It’s only a matter of time that no country uses coal so it’s in every country’s interest to get on the renewable generation as soon as possible.

“Ireland has quietly rewritten its energy story, replacing toxic coal with homegrown renewable power,” said Alexandru Musta??, campaigner on coal and gas at Europe’s Beyond Fossil Fuels.

“But this isn’t ‘job done’. The government’s priority now must be building a power system for a renewable future; one with the storage, flexibility, and grid infrastructure needed to run fully on clean, domestic renewable electricity,” Musta?? warned.

Jerry Mac Evilly, Campaigns Director at Friends of the Earth Ireland, appealed to the government to ensure oil backup at Moneypoint is kept to an absolute minimum and ultimately decommissioned. He also appealed for the government to prevent further development of data centers, which he said are increasing Ireland’s reliance on fossil gas.

Solar Soars Above Coal as World’s Biggest Source of Electricity

Solar panels on grass

Believe it or not there are places love coal so much that they seem to despise their citizen’s health and wellbeing. The rest of the world is moving to renewables rather quickly and this year marks is the first that solar is now the biggest single source of electricity. That’s right: just one source of renewable electricity has overtaken the most harmful source of electricity. The future is 100% renewable!

Solar power delivered the lion’s share of growth, meeting 83% of the increase in electricity demand. It has now been the largest source of new electricity globally for three years in a row.

Most solar generation (58%) is now in lower-income countries, many of which have seen explosive growth in recent years.

That’s thanks to spectacular reductions in cost. Solar has seen prices fall a staggering 99.9% since 1975 and is now so cheap that large markets for solar can emerge in a country in the space of a single year, especially where grid electricity is expensive and unreliable, says Ember.

Coal Continues Collapse

AI generated image of energy efficient home

One of the worst ways to generate electricity is to burn coal to heat water to spin turbines, the only reason this power generation exists is due to the cheap cost of coal. OF course, when coal is brunt it releases radiation and carbon into the atmosphere worsening local areas and the planet. Thankfully the use of coal is decreasing in totality around the world. This past year the USA produced more power from renewable sources than coal, which is a step in the right direction. Ideally the nation will ge their coal use to zero.

According to the Energy Information Administration, a federal statistical agency, combined wind and solar generation increased from 12 percent of national power production in 2021 to 14 percent in 2022. Hydropower, biomass, and geothermal added another 7 percent — for a total share of 21 percent renewables last year. The figure narrowly exceeded coal’s 20 percent share of electricity generation, which fell from 23 percent in 2021.

The growth in renewable electricity was largely driven by a surge in added wind and solar capacity, the agency said. Texas was the top wind-generating state last year, producing more than a quarter of all U.S. wind generation. It was also the leading state for natural gas and coal power. Iowa and Oklahoma landed at second and third in wind generation, accounting for 10 percent and 9 percent of national wind power respectively.

Let the Coal Corpse Lay

Why don’t we just let it die already? Coal companies keep getting bailed out by governments around the world despite the climate crisis, this needs to stop. Over at Climate Town they have a great idea (above) that captures coal’s contentious use and how governments prop up the industry. The concept of clean coal was just a way to keep the carbon intensive industry running at the expense of all of us.
Already renewable sources are cheaper than coal and waaaaaaaaaaaay better for the planet and people’s health. It’s time to let the coal industry go the way of the knocker uppers.

Eliminating fossil fuel subsidies would save billions in revenue for the federal government. For climate advocates and budget hawks, eliminating these subsidies is a win-win. The Biden administration projected savings of $121 billion over a decade, which could be used to fund critical public health, education, infrastructure, and social initiatives instead of raising taxes.

Pricing fossil fuels efficiently would cause a dramatic decline in global emissions. The International Monetary Fund found that efficient oil, gas, and coal pricing by 2025 would lead to a 36% decline in global emissions. This puts us well on track to keep warming below 2 degrees Celsius. Current global fossil fuel subsidies reached $5.9 trillion in 2020, or $11 million every minute.

Fossil fuel companies spend public money on private lobbying. Fossil energy companies earn a greater than 13,000% return on investment while slashing thousands of jobs. In 2020, the oil, gas, and coal industries spent more than $115 million lobbying Congress in defense of their $15 billion in giveaways. Eliminating subsidies to the industry is a step toward fighting corruption and preventing the abuse of taxpayers’ hard-earned money.

Fossil fuel subsidies are economically inefficient policies. They price carbon at far below its social cost to society, and on a global scale, they are economically regressive policies that benefit the wealthiest 20%. Externalities from supporting the fossil fuel industry cost the U.S. $649 billion every year.

Ending fossil fuel subsidies is politically popular. According to polling from Data for Progress, 54% of voters are in favor of rolling back all tax incentives for fossil fuel companies, compared to only 30% opposed.

Building New Solar Energy Plants Cheaper than Running Coal

Since the inception of Things Are Good we’ve been following the demise of dirty fossil fuel usage and the rise of clean energy. A few highlights from over the years:
Solar Power Is Cheaper Than Nuclear
Solar And Wind Outgrow Subsidies
Wind Power: One Of The Cheapest Sources Of Energy
German Coal And Gas Power Plants Closing Due To Cheap Renewable Energy

The rise of renewable energy is even more impressive given the massive subsidies given to fossil fuel industries. Despite the bailouts for companies operating in the tar sands, the car subsidies, and other related government handouts, renewable energy just gets cheaper and cheaper.

This past month the International Energy Agency declared solar to be the cheapest source of electricity in history. Cheaper than coal!

Now, the IEA has reviewed the evidence internationally and finds that for solar, the cost of capital is much lower, at 2.6-5.0% in Europe and the US, 4.4-5.5% in China and 8.8-10.0% in India, largely as a result of policies designed to reduce the risk of renewable investments.

In the best locations and with access to the most favourable policy support and finance, the IEA says the solar can now generate electricity â€œat or belowâ€ $20 per megawatt hour (MWh). It says:

â€œFor projects with low-cost financing that tap high-quality resources, solar PV is now the cheapest source of electricity in history.â€

The IEA says that new utility-scale solar projects now cost $30-60/MWh in Europe and the US and just $20-40/MWh in China and India, where â€œrevenue support mechanismsâ€ such as guaranteed prices are in place.