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Comment they are just protecting their stranded assets (Score 0, Troll) 81

by wtvrtje (#64813695) Attached to: World's Biggest Banks Pledge Support For Nuclear Power
As these banks are heavily invested in fossil assets, they know that if they support the nuclear dream they will sustain our reliance on fossil. At least for another 20-30 years. As the building of nuclear power plants is so slow and usually gets delayed by more than 200% (read Flyvberg's book how big things get done) the banks know they can hold on to their fossil assets. Now, if we move to renewables, batteries included, the movement from fossil going to happen must faster. The US is a bit slow but in many other countries the growth of EV is replacing oil consumption already quickly. In order that not to happen, these banks want to pour (our not their) money into slowly built nuclear power plants and delay the energy transition. That is what they are promoting. Let's see if that is going to work. Nuclear power can not compete with the cheap and yearly getting cheaper solar, wind and batteries.

Submission + - China is installing renewables equivalent of five large nuclear plants per week

Submitted by AmiMoJo
AmiMoJo writes: New figures show the pace of China's clean energy transition is roughly the equivalent of installing five large-scale nuclear power plants worth of renewables every week. A report by Sydney-based think tank Climate Energy Finance (CEF) said China was installing renewables so rapidly it would meet its end-of-2030 target by the end of this month — or 6.5 years early. It's installing at least 10 gigawatts of wind and solar generation capacity every fortnight.

Because its large cities of the eastern seaboard are dominated by apartment buildings, China hasn't seen an uptake of rooftop solar like in other countries. To find space for all the solar panels and wind turbines required for the nation's energy needs, the planners of China's energy transition have looked west, to areas like the Gobi Desert. The world's largest solar and wind farms are being built on the western edge of the country and connected to the east via the world's longest high-voltage transmission lines.

Comment Re:this is one of the reasons why flying on H2 may (Score 1) 85

Please learn the difference between ozone layer and climate change. These water emissions on that altitude will create lots of additional climate change. H2 leakage will cause ozone depletion AND will keep methane longer in the atmosphere, creating climate change. All together flying on H2 may not be such a great idea

Comment Re:clueless writer (Score 1) 206

by wtvrtje (#63891521) Attached to: Will EVs Send OPEC Into a Death Spiral?
what is your source of this statement? Mine tells me that transport uses about 2/3 th of oil production and of wich only 9 % of that is for air. All the other 90% is being replaced by electrical innovations at this very moment. (cars, buses, suv's, ships, trucks, etc). The oil percentage being replaced by electricity is about 50% (transport related). On top of that part of the oil in industry is also being electrified (mainly heath production). see: https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fwww.globalpetrolprices... and: https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fwww.eia.gov%2Fenergyexpl...

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