JohnRawls wrote:You are being overly optimistic as i said. Current production is large while price is very low. This is decreasing adoption of renewables, especially in places that do not invest a lot of time, money and regulations in to it: USA, Developing countries, India, China etc And those places are the most important ones to fight climate change. Even in Europe, it highly decentivizes Germany from switching from Gas to Renewables for example.
You are repeating yourself without taking onboard the realities of the current situation.
USA renewables just overtook coal. Gas power is beginning to lose ground. Investment companies now recommend investing in renewables over fossil fuels due to poor returns in gas and oil. Thousands of wells are now stranded assets without the means to pay for clean up costs. Coal plants across the US are closing without ever being profitable because the future is only to accrue more losses.
India has one of the largest renewable plans in the world, having just awarded a 6GW plan to Adani. I could go on, but ultimately the variation in cost of gas or oil is a fraction of the cost of running these power plants, construction and running costs means most power stations take many years to become profitable while renewables are providing a return in a few years.
There is no decreasing adoption of renewables, the acceleration of adoption has slowed which is unsurprising considering how fast the rate has been.
US will add at least 51 GW in the next 3 years while fossil fuel generation will fall.
India are a real hotspot of renewables and the low oil price has done nothing to change thathttps://www.climatechangenews.com/2020/ ... lar-power/
China has now capped coal and announced a big spend on renewables in only the last couple of days.
This is the reality, electricity generation is increasingly moving to renewables, transport is increasingly moving to electric.
The last bastions of fossil fuels will soon be flying and heating. The fossil fuel industry will shrink as a result.