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In the discussion thread: US and Japan leave G7 stuck on coal [View all]

Response to PerceptionManagement (Reply #1)

Mon Jun 14, 2021, 11:09 AM

5. Not necessarily,

There was a major push to help third world country's get clean alternatives. If the cost of building a clean source power plant is cheaper or even similar to a coal plant, the best economic choice. In addition, they have not taken the concept of border adjustment charges to essentially add a carbon tax for dirtier economies off the table.

I suspect that, where it would be great to issue a CLEAR "this is the end date for using coal" which would send a very unambiguous signal if it comes at the political cost of potentially losing the majority in the Senate, it is too high a price for what may not be the big deal it sounds like.

In the US, no new coal power plants were built even in the 4 Trump years - when Trump would have likely to even subsidize one. I think the reason is that any company looking at making an investment for a plant that would be expected to be used for decades would be fiscally irresponsible to have chosen a coal power plant.

That leaves only old coal power plants. I have no idea if the best idea is to include subsidies to convert them to cleaner natural gas, which would reduce the carbon footprint, or if subsidizing clean energy only as a replacement makes more long term sense.

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