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Renewable energy becoming so cheap US will meet Paris commitments even if Trump withdraws
Posted on 7/17/17 at 9:19 am
Posted on 7/17/17 at 9:19 am
Morgan Stanley Research Analysis
Sorry to keep posting about renewable energy, this will be my last post about renewable energy for the time being
quote:
“By our forecasts, in most cases favorable renewables economics rather than government policy will be the primary driver of changes to utilities’ carbon emissions levels,” they wrote. “For example, notwithstanding president Trump’s stated intention to withdraw the US from the Paris climate accord, we expect the US to exceed the Paris commitment of a 26-28% reduction in its 2005-level carbon emissions by 2020.”
quote:
Globally, the price of solar panels has fallen 50% between 2016 and 2017, they write. And in countries with favorable wind conditions, the costs associated with wind power “can be as low as one-half to one-third that of coal- or natural gas-fired power plants.” Innovations in wind-turbine design are allowing for ever-longer wind blades; that boost in efficiency will also increase power output from the wind sector, according to Morgan Stanley.
Sorry to keep posting about renewable energy, this will be my last post about renewable energy for the time being
33
Posted on 7/17/17 at 9:22 am to Bison
quote:
Renewable energy becoming so cheap US will meet Paris commitments even if Trump withdraws
even further proof that the melt was literally insanity
Posted on 7/17/17 at 9:22 am to Bison
So the Paris accord was pointless.
Trump wins again
Trump wins again
Posted on 7/17/17 at 9:22 am to Bison
But the necessity of muh 'non-binding' Paris accord...
Posted on 7/17/17 at 9:23 am to Bison
quote:
Sorry to keep posting about renewable energy, this will be my last post
Wish you had stopped there.
Posted on 7/17/17 at 9:24 am to CptBengal
i think it's becoming more and more clear that the reason why Europe was so upset with the US pulling out was that we'd stop helping to pay the subsidies to the developing countries, which will lead them to violate the agreement. the real issue was the myth that the developing world was adopting these standards out of the goodness of their hearts, when it was really to get a subsidy from the developed world (and this whole system relies on those transfers)
Posted on 7/17/17 at 9:24 am to Bison
quote:
Renewable energy is simply becoming the cheapest option, fast.
I have a really hard time believing this includes the exorbitant cost of buying, repairing, and replacing solar panels and wind turbines. Especially on a level where they would be producing for cities of millions.
Posted on 7/17/17 at 9:24 am to Bison
Totally cool if the market truly supports it.
I don't know why anyone would want to gaze over windmills though unless they are getting paid.
I don't know why anyone would want to gaze over windmills though unless they are getting paid.
Posted on 7/17/17 at 9:25 am to Bison
If renewables win out in the open markets then that is the way it should be.
It's government picking winners and losers that I have a problem with.
It's government picking winners and losers that I have a problem with.
Posted on 7/17/17 at 9:25 am to Bison
So if the free market is allowing renewable energy to become so cheap than why did we need to put billions in the Paris Climate Accord? I think you are too stupid to see you just agreed with President Trump.
This post was edited on 7/17/17 at 9:25 am
Posted on 7/17/17 at 9:26 am to SlowFlowPro
quote:Follow the money...
when it was really to get a subsidy from the developed world
Posted on 7/17/17 at 9:26 am to TrueTiger
quote:
If
When.
It's not up for debate.
Posted on 7/17/17 at 9:26 am to Bison
dont worry bout it. i wouldnt have heard about it if not for you. Just a little more ammo to battle and counter liberals with.
Posted on 7/17/17 at 9:27 am to Bison
The Paris climate accord was nothing more than a giant money transfer away from the USA, good for Trump.
Posted on 7/17/17 at 9:28 am to Bison
in other news......
Morgan Stanley: Trump market rally may be over…
Investors have greeted Donald Trump’s surprise win with the biggest stock market rally for any new U.S. president. Morgan Stanley is cautioning, however, that his coming inauguration may mark an end to these post-election good times.
The S&P 500 Index jumped 1 percent on Tuesday, pushing its gain since Nov. 8 toward 6 percent, on speculation Trump and policies pushed by the Republican-controlled Congress will boost growth. That’s all well and good, but near-record levels for U.S. stocks already reflect that sentiment, and the start of the Trump administration on Jan. 20 presents as good a time as any to scale back on equity holdings, the bank said.
predictions are like arseholes, everybody has them
since that prediction the dow has added 1500 additional points.
Morgan Stanley: Trump market rally may be over…
Investors have greeted Donald Trump’s surprise win with the biggest stock market rally for any new U.S. president. Morgan Stanley is cautioning, however, that his coming inauguration may mark an end to these post-election good times.
The S&P 500 Index jumped 1 percent on Tuesday, pushing its gain since Nov. 8 toward 6 percent, on speculation Trump and policies pushed by the Republican-controlled Congress will boost growth. That’s all well and good, but near-record levels for U.S. stocks already reflect that sentiment, and the start of the Trump administration on Jan. 20 presents as good a time as any to scale back on equity holdings, the bank said.
predictions are like arseholes, everybody has them
since that prediction the dow has added 1500 additional points.
Posted on 7/17/17 at 9:28 am to CptBengal
quote:
Trump wins again
Really? Somehow you're going to twist this into victory for Trump?
it's a victory DESPITE his best effort to derail an industry he and his friends could't profit from. Part of what you say is correct in that trump will probably take credit for this.
Posted on 7/17/17 at 9:29 am to Knight of Old
quote:
Follow the money...
the developing/developed schism is a crucial issue with adapting to climate change
the developed world can afford to pay a premium (both in technology and energy/consumeables) to enact these changes
if these changes are mandated across the globe, we're literally sealing the fate of the developed world. they cannot afford the investment or higher prices and would face serious economic, health, and political conflict. that's why these agreements pretty much always include wealth transfer (and why we pulled out). the progs lying about these agreements being part of Paris was just terrible at the time of the melt
Posted on 7/17/17 at 9:29 am to Bison
The Paris accord was all about money. I'm glad we pulled out of it. This article seems to show that the market will take care of itself as usual.
Personally, I have solar panels already, but only due to the HUGE subsidies from fed and state. Without them, it wouldn't have been worth it. Renewable energy is the future, it's just not the present.
Personally, I have solar panels already, but only due to the HUGE subsidies from fed and state. Without them, it wouldn't have been worth it. Renewable energy is the future, it's just not the present.
Posted on 7/17/17 at 9:29 am to olddawg26
quote:
It's not up for debate.
"The debate is over"..."the science is settled".."There is a consensus"... You're part of a cult.
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