Extreme Temperature Diary- Wednesday October 14th, 2020/ Main Topic: A Good Sign Of The Times: Solar Pushes Aside Coal as the Cheapest Fuel for Power

The main purpose of this ongoing blog will be to track United States extreme or record temperatures related to climate change. Any reports I see of ETs will be listed below the main topic of the day. I’ll refer to extreme or record temperatures as ETs (not extraterrestrials).😉

Main Topic: A Good Sign Of The Times: Solar Pushes Aside Coal as the Cheapest Fuel for Power

Dear Diary. I’ve been reporting so much bad news on the climate front this fall that it is high time for something encouraging to read. Well ahead of schedule, solar power has made great strides competing with coal to generate electricity. In fact, according to the International Energy Administration, solar as of 2020 is the cheapest way to generate power. In a world run by capitalism, this is fantastic news if we want to save civilization from the ravages of a completely broken climate. Here is more from Bloomberg:

https://www.bloomberg.com/news/articles/2020-10-13/solar-pushes-aside-coal-as-the-favorite-fuel-for-power-iea-says?srnd=green

Solar Pushes Aside Coal as the Cheapest Fuel for Power, IEA Says

By Will Mathis and Jeremy Hodges October 12, 2020, 9:00 PM PDT Updated on 

  •  Renewables forecast to overtake coal-fired generation by 2025
  •  Falling costs and plans to cut emissions spur cleaner energy

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Renewables are set to overtake coal this decade as the world’s favorite fuel to generate electricity, the International Energy Agency says.

Solar photovoltaics are now cheaper than plants fired by coal and natural gas in most nations, the Paris-based researchers concludes in its annual report on global energy trends. Those cheaper costs along with government efforts to slash climate-damaging emissions will increasingly push coal off the grid and give renewables 80% of the market for new power generation by 2030, the IEA says.

The findings mark a profound shift away from fossil fuels in the world’s energy supply at a time when governments everywhere are looking for ways to rein in the greenhouse gases blamed for global warming. While hydro-electric plants will continue to be the biggest source of renewable power, solar is catching up quickly because the cost of manufacturing and installing panels has come down so much.

“I see solar becoming the new king of the world’s electricity markets,” Fatih Birol, executive director of the IEA, says in a statement with the report on Tuesday. “Based on today’s policy settings, it’s on track to set new records for deployment every year after 2022.”

The IEA’s projections are based on what it calls the Stated Policies Scenario, which assumes Covid-19 is gradually brought under control next year and the global economy returns to levels seen before the outbreak. The scenario includes currently announced policy intentions and targets that the IEA considers to be backed up by detailed measures for the plans to be enacted.

MORE ON THE IEA
IEA Sees Oil Demand Suffering Long-Lasting Blow From Coronavirus
World’s Top Energy Agency Is Pressing for Aggressive Carbon Cuts

Goodbye to Coal

It also anticipates natural gas demand slowly easing in developed nations, especially Europe, and coal dropping everywhere. About 275 gigawatts of coal-fired capacity worldwide, 13% of the 2019 total, will be shut off by 2025, mostly in the U.S. and European Union. That will more than offset increases in coal demand in developing economies in Asia.

Coal’s share of the global power supply is set to fall to 28% in 2030 from 37% in 2019. By 2040, the fuel that once was a staple of utilities will fall below 20% for the first time since the industrial revolution, the IEA concludes. That decline could be even sharper if governments pick up the pace on decarbonization.

Potential Gridlock

The assumptions require a massive investment in power grids, which need upgrades to absorb supply from more diverse sources that only work when the sun shines or the wind blows.

Investment to modernize, expand and digitize the grid will need to reach $460 billion in 2030, two thirds more than the cost last year. That spending will help roll out 2 million kilometers of new transmission lines and 14 million kilometers of distribution networks, 80% more than was added in the last 10 years, according to the IEA.

Again, this is all good news, but we must keep pressing our utility companies to make the switch. I know that all of my readers will do so.

Of course, on the same front, the price of electric vehicles is also coming down, I’m delighted to continue to report:

We have one big “ET” report for today:

Also:

Here is more climate and weather news from Wednesday:

(As usual, this will be a fluid post in which more information gets added during the day as it crosses my radar, crediting all who have put it on-line. Items will be archived on this site for posterity. In most instances click on the pictures of each tweet to see each article. The most noteworthy items will be listed first.)

Now here are some of today’s articles and notes on the horrid COVID-19 pandemic:

(If you like these posts and my work please contribute via the PayPal widget, which has recently been added to this site. Thanks in advance for any support.) 

Guy Walton “The Climate Guy”

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