alt Hacker NewsSo, the devil comes to Davos and says: "You can enjoy cheap energy, but some poor people in the global south will suffer and die" And after a long silence the US president says: "I feel like there is a catch there, but I just can't figure out what it is"
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newsclues • today at 11:09 AM
If global climate change is a problem, you can't just have some countries deindustrializing and reducing CO2 while others go full bore on scale manufacturing with any form of cheap energy including coal being used.
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Except it's not cheaper. 70% of the world import fossil fuels. Many changes are happening because it is cheaper to not do that and use renewables instead. US Presidents are getting involved to stop cheaper energy getting built.
Offshore wind, which is more expensive than onshore wind, is cheaper than new coal in China. New solar and onshore wind competes with fuel costs for existing coal plants.