Given the revelations at the annual UN’s COP22 meeting in
Marrakech, are coal and crude oil on the way out to be replaced by renewable
energy sources?
By: Ringo Bones
Maybe the American president-elect Donald J. Trump should
pay close attention to the “revelations” of this year’s COP22 climate
conference held in Marrakech which shows that renewable are increasingly
getting more economically viable and coal is on the way out because more and
more developing countries are rejecting its use due to the harm it can do to
the environment offsets any profit gained. Maybe president-elect Trump should
offer America’s coal industry alternative jobs instead.
International Energy Agency representatives and industry
analysts during this year’s COP22 Conference in Marrakech have shown figures
that, if current trends continue, in the subsequent decades, renewable could
become more economically viable than coal and crude oil due to China and scores
of African states choosing to adopt renewable energy infrastructures for power
generation. The only fossil fuel that could remain economically viable in the
subsequent decades is natural gas – that is if the environmental downsides of
fracking are solved.
Ever since China has adopted renewable energy sources big
time since 2005 and the country’s increased impetus to adopt renewable energy
sources in the wake of the air pollution threatening to spoil the 2008 Beijing
Olympics, the current economies of scale has driven coal and crude oil less
economically viable in comparison to large-scale wind turbine and solar power
installations. Look like environmentalists around the world could get the most
of what they want and, sadly, America’s coal industry could die an ignominious
death from an environmentalists’ perspective.
