CelloMom On CarsNov 13, 2024

@FantasticalEconomics @dan613

It's both, right?
Renewables aren't growing fast enough (see IEA reports) and the burning of fossil fuels isn't going down fast enough.

There really is a case to be made for the EU and US to extend financial help to the rest of the world in the decarbonisation push. But the political climate is not conducive to that.

Show threadDan Neuman 🇨🇦Nov 13, 2024
@CelloMomOnCars @FantasticalEconomics Fossil fuels won’t go down until renewables consistently grow faster that energy demand grows. That will be in a couple of years. Fossil energy use is completely dependent on availability of alternatives.
Show threadcaffeinatedgeek 🇺🇦🇨🇦Nov 13, 2024
@dan613 @CelloMomOnCars @FantasticalEconomics wish I had your optimism re: couple of years. We (capitalists) will just find more ways to consume any new energy coming online #ai #crypto. The economics must change radically to create an energy supply surplus.
Show threadTheClothesHaveNoEmperor
@caffeinatedgeek @dan613 @CelloMomOnCars @FantasticalEconomics
Capitalism abhors excess capacity.
Nov 13, 2024 at 9:32pmWeb
Show threadDan Neuman 🇨🇦Nov 13, 2024
@GTMLosAngeles @caffeinatedgeek @CelloMomOnCars @FantasticalEconomics Maybe. China's coal generators are running at less than 50% capacity.
Show threadTheClothesHaveNoEmperorNov 13, 2024

@dan613 @caffeinatedgeek @CelloMomOnCars @FantasticalEconomics
Rule two: authoritarian governments love overbuilding physical infrastructure.

I’m just making this stuff up as I go, of course.

Show threadDan Neuman 🇨🇦Nov 13, 2024
@GTMLosAngeles @caffeinatedgeek @CelloMomOnCars @FantasticalEconomics The excess coal plants are probably due to make work project by the Chinese provinces to prop up GDP. There seems to be some power struggles between the levels.
Show threadTheClothesHaveNoEmperorNov 13, 2024
@dan613 @caffeinatedgeek @CelloMomOnCars @FantasticalEconomics
My Chinese father-in-law who grew up farming in Southern China liked to rant about the huge concrete factories polluting the water supply (while likely running way below “capacity”).