China Aims to Spend at Least $360 Billion on Renewable Energy by 2020

Discussion in 'Energy' started by ScienceRocks, Jan 6, 2017.

  1. ScienceRocks
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    ScienceRocks Democrat all the way!

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    China Aims to Spend at Least $360 Billion on Renewable Energy by 2020
    Source: NY Times

    Read more: http://www.nytimes.com/2017/01/05/world/asia/china-renewable-energy-investment.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region®ion=top-news&WT.nav=top-news&_r=0

    This is why china will be the next super power and we will be looked down on as a failure.
     
  2. frigidweirdo
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    frigidweirdo Platinum Member

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    China is able to get things done that need to be done. The US is so partisan that nothing good ever happens.

    China is building infrastructure that'll make it easier to make money, making energy that will mean it won't have so many problems with oil rich countries. China is on the way up and the US is on the way down.
     
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  3. The Great Goose
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    The Great Goose Gold Member

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    [​IMG]
     
  4. esf90068
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    esf90068 Rookie

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    Does anyone know how much the US currently spends?
     
  5. Shrimpbox
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    Shrimpbox Gold Member Gold Supporting Member Supporting Member

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    No country with the energy reserves, Silicon Valley, and entrepreneurial spirit we have is on its way down. And no country with a proposed trillion dollar infrastructure build out is on its way down. Actually, as obama likes to cite, of all the developed countries in the world, we have fared economically better than anyone else in the last eight years.
     
  6. Old Rocks
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    Old Rocks Diamond Member

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  7. Old Rocks
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    Old Rocks Diamond Member

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    How wind and solar are winning the day
    According to Lazard, wind costs have fallen 66 percent since 2009, from $140/MWh to $47/MWh.


    [​IMG]
    Large-scale solar’s cost declines have been even more dramatic, falling 85 percent since 2009 from more than $350/MWh to $55/MWh.


    [​IMG]
    Compare this with the cheapest form of conventional fuel-fired generation today — natural gas-fired combined cycle power plants whose LCOE averages $63/MWh.


    [​IMG]

    Wind And Solar Are Our Cheapest Electricity Sources — Now What Do We Do? – America’s Power Plan

    Given this, I think that in the US we will be spending a lot more on renewables than anyone imagined 5 years ago.
     
  8. Old Yeller
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    Old Yeller Gold Member

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    I would hope any "renewable energy" spending is Private and not from my tax dollars. Too much overhead to run money through the giant sink-hole FED GOVT.

    If renewable energy is profitable.......private will do it.
     
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  9. Old Rocks
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    Old Rocks Diamond Member

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    There have been subsidies for both wind and solar. Subsidies to utilities and to individuals using these for power for private residences. I do not think that they are needed now. Both renewables are more than competitive with fossil fuels. And both, especially solar, scalable, to from residential to giga-watt installations.

    Where the government should be involved is large grid out to the areas that have the highest potential for these sources of power. Do it in the same manner that the Interstates were built. And then charge the utilities for the amount of power they put over the lines. Cost plus enough cover future maintenance.
     
  10. gipper
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    gipper Libertarian/Anarchist

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    Subsidies are nothing but government approved racketeering. The kind of racketeering the Mafia can only dream of committing.

    Government subsiding ANYTHING means only failure...but politicians and their cronies get rich. How the fuck a simple man like you does not know this, is appalling.
     
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