Coal is becoming a stranded aset

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Coal is becoming a stranded aset

Postby HBS Guy » 26 Jan 2018, 09:51

Lloyd’s of London will no longer allow their trading platform to be used for investing in coal, because this fuel is the main driver of climate change. Some interesting challenges lie ahead in this space:

http://www.smh.com.au/comment/insurance-companies-have-a-role-to-play-in-equipping-us-for-challenges-of-climate-change-20180125-h0o5c9.html

RWNJs rave on about all the HELE (High Efficiency Low Emissions) being built all over the world. They are no more efficient or low emissions than any other kind of coal fired power station. Funny that the price of coal keeps heading down.

Lloyds action just underlines how coal is becoming a stranded asset.

I would love to see renewable power backed by a nuke or two powering Australia. Forget solar except as local, single homes, offices or a microgrid—you need HUGE installations, 20Km by 20Km of cells preferably in a desert up north for utility–scale power.

But coal is on the way out. Good riddance.
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Re: Coal is becoming a stranded aset

Postby Miranda » 26 Jan 2018, 11:00

Now all we have to do is convince China.
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Re: Coal is becoming a stranded aset

Postby HBS Guy » 26 Jan 2018, 11:13

China is pulling hundreds of millions of people out of poverty so they have been allowed to wait to reduce emissions.

China and India have an excellent reason to reduce emissions: the Himalayan ice sheet, the meltwater of which waters 25% of the worlds population, is retreating. This is a major looming threat, a consequence of AGW.
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Re: Coal is becoming a stranded aset

Postby Miranda » 26 Jan 2018, 11:42

Maybe we should provide global funding for the capital works needed to make all nations reliant on renewables, with GDP used to decide how much funding each Nation needs to allocate to that fund. Then, work could begin with those Nations that generate the most pollution first.
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Re: Coal is becoming a stranded aset

Postby HBS Guy » 26 Jan 2018, 11:53

Miranda wrote:Maybe we should provide global funding for the capital works needed to make all nations reliant on renewables, with GDP used to decide how much funding each Nation needs to allocate to that fund. Then, work could begin with those Nations that generate the most pollution first.


Oh dear. This is the sort of plan that would get every rightwing nutjob into a lather, even ones that can see AGW is happening (and some can.)

It is rational, it is idealistic, it is completely unworkable, never get off the ground.
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Re: Coal is becoming a stranded aset

Postby Miranda » 26 Jan 2018, 12:17

Actually, it is completely workable, but it will never get off the ground until we globalize, forgoing National agendas.
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Re: Coal is becoming a stranded aset

Postby HBS Guy » 26 Jan 2018, 18:06

Yeah, then it might be workable, until then, no way.
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Re: Coal is becoming a stranded aset

Postby BigOl64 » 11 Feb 2018, 12:03

Miranda wrote:Maybe we should provide global funding for the capital works needed to make all nations reliant on renewables, with GDP used to decide how much funding each Nation needs to allocate to that fund. Then, work could begin with those Nations that generate the most pollution first.



Exactly how does one become reliant on intermittent power?


I would have thought that having power that drops off regularly, daily in fact would make you extremely non-reliant.



Fucking brilliant idea, Im surprised not one single industrialised nation has taken it up. :rofl :rofl :rofl :rofl
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Re: Coal is becoming a stranded aset

Postby MilesAway » 11 Feb 2018, 16:18

Miranda wrote:Now all we have to do is convince China.

You know nothing love: :Hi
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Re: Coal is becoming a stranded aset

Postby MilesAway » 11 Feb 2018, 16:19

Miranda wrote:Maybe we should provide global funding for the capital works needed to make all nations reliant on renewables, with GDP used to decide how much funding each Nation needs to allocate to that fund. Then, work could begin with those Nations that generate the most pollution first.

Who's 'we'?

YOu really know absoultely fuck all don't you sweetheart :bgrin
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Re: Coal is becoming a stranded aset

Postby MilesAway » 11 Feb 2018, 16:21

Miranda wrote:Actually, it is completely workable, but it will never get off the ground until we globalize, forgoing National agendas.

Um, so what you are saying is it's completely unworkable... :OMG :OMG :OMG :OMG

Get a life pumpkin face :beer
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Re: Coal is becoming a stranded aset

Postby MilesAway » 11 Feb 2018, 16:23

BigOl64 wrote:
Miranda wrote:Maybe we should provide global funding for the capital works needed to make all nations reliant on renewables, with GDP used to decide how much funding each Nation needs to allocate to that fund. Then, work could begin with those Nations that generate the most pollution first.



Exactly how does one become reliant on intermittent power?


I would have thought that having power that drops off regularly, daily in fact would make you extremely non-reliant.



Fucking brilliant idea, Im surprised not one single industrialised nation has taken it up. :rofl :rofl :rofl :rofl

Big Ol still hasn't heard of cogeneration: and he works in what again?

:tweed

...oh, and he reckons he comes from queensland but has no clue about this shite :huh

:roll :roll :roll :roll :roll :roll

Mate we all know people from Queensland WAY smarter than you pretend to be :thumb :thumb :thumb
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Re: Coal is becoming a stranded aset

Postby HBS Guy » 17 Mar 2018, 14:45

Abbott & Co are going to cause the mother and father of all recessions—be prepared!
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