Sobering analysis of the Juggernaut that is coal. There’s that “If” word again:
“If we can’t divert that river, if we can’t find some way of urbanizing the developing world with low-carbon power, we are well and truly screwed.”
Kevin Moore may want to do a lesson here on thermodynamics, our growth and fossil fuel dependent economy, and the myriad other factors which come into play when hoping for change in a world of self-delusion and backstabbing.
Let me coin a new word here: “descendantcide” – the killing of our descendants.
In my last post, I referenced a new report from Goldman Sachs analysts showing that the market for seaborne thermal coal (overseas imports and exports used to fuel power plants) is likely to fall from 7 percent annual growth to around 1 percent, and stay there for the foreseeable future. This is great news, in that it has the potential to render several new large-scale coal-extraction projects around the world — including export terminals in the U.S. Pacific Northwest — unprofitable before they are completed or, in some cases, begun.
However, this bit of good news should not distract from the larger picture, which is decidedly grim. As oil prices remain stubbornly high, the rapidly urbanizing developing world has turned to coal, which has been growing at a furious pace and is on the verge of becoming the world’s primary energy source. Even if its momentum is slowing slightly…
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