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While Democrats Try To ‘Kill Coal’ In US, Asia Heads In The Opposite Direction

The Purge

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Nation and State ^ | 09/21/2021 | Tyler Durden

Congressional Democrats and the Biden administration are working towards an ambitious goal of eliminating coal-fired electricity and 'decarbonize' the US electric grid by 2035.

To meet such an aggressive deadline, House Democrats unveiled a $150 billion 'clean electricity' program to incentivize utility companies to phase out fossil fuels for clean energy. The Clean Electricity Performance Program, or CEPP, would reward utility that boost their percentage of electricity supplied to the grid from green sources - such as solar, wind and hydro, between 2023 and 2030.


Exhaust rises from the East Bend Generating Station, a coal-fired power plant owned and operated by Duke Energy, along the Ohio River in Union, Kentucky, U.S., September 14, 2017. (REUTERS/Brian Snyder)



S&P Global explains more about the program:

To qualify for such a grant, electricity suppliers would have to boost the amount of clean electricity they supply to customers by 4% compared to the previous year. The supplier would receive $150 for each MWh of clean electricity provided that exceeds the amount supplied the previous year by 1.5%. Electricity supplies must use the grants exclusively to benefit customers, including for direct bill assistance, investments in qualified clean electricity and energy efficiency, and worker retention.
An electricity supplier that does not meet the criteria by increasing its clean electricity percentage by at least 4% over the prior year would owe a payment to the Energy Department based on its shortfall. For example, if an electricity supplier only increases its clean energy by 2%, the supplier would owe $40 for each MWh that represents the 2% shortfall.
In short, Democrats are asking power companies to take a huge gamble on renewable energy - which would effectively 'kill' coal-fired electricity in the US.

"The CEPP would eliminate coal-fired electricity by 2030, if not sooner," according to a letter to House reps by Michelle Bloodworth, CEO of America's Power - which represents top miners, who added that the program would also "eliminate or at least drastically curtail the use of natural gas to generate electricity."

Biden's plans to decarbonize the power sector by 2035 is an enormous task, however according to America's Power, utilities are already making the switch - rushing headfirst into solar and wind projects which have inherent stability risks.

For example, there have been three significant grid issues this year involving renewables, the first in Texas, then California, and the UK. In Texas, a cold snap in early 2021 froze wind turbines and nearly crashed the entire power grid in the state. In California, wildfires strained the clean energy grid where state officials requested the federal government to relax air quality rules to burn natural gas turbines. And in the UK, wind power generation has dropped, straining the grid.

Not all Democrats agree


In a break from Democrats, Sen. Joe Manchin from the mining state of West Virginia mentioned last month that the coal industry "will be saved, has to be saved, because the country can't survive without it." He believes that there will eventually be "a transition" to other energy sources like atomic fusion, hydrogen gas, and nuclear power.

While coal generation has dropped by half over the past two decades, its use has sharply risen since the pandemic began - increasing from 15% to 23%.



And while US progressives may be able to 'kill' coal in the West (at potentially great cost to grid stability), Asia is headed in the opposite direction.

Last month, TIME reported that China is planning to build 43 new coal-fired power plants and 18 new blast furnaces, despite the world's largest polluter pledging to bring its emissions to a peak before 2030, and achieve carbon neutrality by 2060.


China is leading the world in new coal power plants, building more than three times as much new coal power capacity as all other countries in the world combined in 2020. It isn’t alone in its reliance on coal, however. China and four other countries, India, Indonesia, Japan and Vietnam, account for more than 80% of the coal power stations planned across the world, according to a June report by the think-tank Carbon Tracker. -TIME
As FreightWaves' Greg Miller noted in July, bulk ships full of coal are headed to Asia.

"Turns out the news of the demise of coal has been greatly exaggerated," said Stifel analyst Ben Nolan in a new client note. "Despite an unseemly carbon footprint, coal demand is actually accelerating this year" across much of Asia.

In other words, China is leading a coal recovery by restarting dozens of shuttered coal mines to increase power demand, while other Asian nations are engaged in their own coal projects.



So as Democrats stage a dramatic 'kill the coal' campaign in the United States - an effort which will only be passed along to consumers (hurting low-income families the most), many other parts of the world, including China, Australia, South Africa, and South America, continue to use traditional energy sources as demand shows no signs of abating.

--------------------

One truly wonders how true satire really is...

Joe,

We’re going to burn more coal so you need to speed up the purchase of Chinese-made solar panels.

Xi
 

Gabe Lackmann

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I don't think this will really hit home in the west until covid lockdowns morph into climate lockdowns.

These people are not messing around. They want the west deindustrialized.
 

JackOfNoTrades

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Nation and State ^ | 09/21/2021 | Tyler Durden

Congressional Democrats and the Biden administration are working towards an ambitious goal of eliminating coal-fired electricity and 'decarbonize' the US electric grid by 2035.

To meet such an aggressive deadline, House Democrats unveiled a $150 billion 'clean electricity' program to incentivize utility companies to phase out fossil fuels for clean energy. The Clean Electricity Performance Program, or CEPP, would reward utility that boost their percentage of electricity supplied to the grid from green sources - such as solar, wind and hydro, between 2023 and 2030.


Exhaust rises from the East Bend Generating Station, a coal-fired power plant owned and operated by Duke Energy, along the Ohio River in Union, Kentucky, U.S., September 14, 2017. (REUTERS/Brian Snyder)


S&P Global explains more about the program:


In short, Democrats are asking power companies to take a huge gamble on renewable energy - which would effectively 'kill' coal-fired electricity in the US.

"The CEPP would eliminate coal-fired electricity by 2030, if not sooner," according to a letter to House reps by Michelle Bloodworth, CEO of America's Power - which represents top miners, who added that the program would also "eliminate or at least drastically curtail the use of natural gas to generate electricity."

Biden's plans to decarbonize the power sector by 2035 is an enormous task, however according to America's Power, utilities are already making the switch - rushing headfirst into solar and wind projects which have inherent stability risks.

For example, there have been three significant grid issues this year involving renewables, the first in Texas, then California, and the UK. In Texas, a cold snap in early 2021 froze wind turbines and nearly crashed the entire power grid in the state. In California, wildfires strained the clean energy grid where state officials requested the federal government to relax air quality rules to burn natural gas turbines. And in the UK, wind power generation has dropped, straining the grid.

Not all Democrats agree


In a break from Democrats, Sen. Joe Manchin from the mining state of West Virginia mentioned last month that the coal industry "will be saved, has to be saved, because the country can't survive without it." He believes that there will eventually be "a transition" to other energy sources like atomic fusion, hydrogen gas, and nuclear power.

While coal generation has dropped by half over the past two decades, its use has sharply risen since the pandemic began - increasing from 15% to 23%.



And while US progressives may be able to 'kill' coal in the West (at potentially great cost to grid stability), Asia is headed in the opposite direction.

Last month, TIME reported that China is planning to build 43 new coal-fired power plants and 18 new blast furnaces, despite the world's largest polluter pledging to bring its emissions to a peak before 2030, and achieve carbon neutrality by 2060.



As FreightWaves' Greg Miller noted in July, bulk ships full of coal are headed to Asia.

"Turns out the news of the demise of coal has been greatly exaggerated," said Stifel analyst Ben Nolan in a new client note. "Despite an unseemly carbon footprint, coal demand is actually accelerating this year" across much of Asia.

In other words, China is leading a coal recovery by restarting dozens of shuttered coal mines to increase power demand, while other Asian nations are engaged in their own coal projects.



So as Democrats stage a dramatic 'kill the coal' campaign in the United States - an effort which will only be passed along to consumers (hurting low-income families the most), many other parts of the world, including China, Australia, South Africa, and South America, continue to use traditional energy sources as demand shows no signs of abating.

--------------------

One truly wonders how true satire really is...

Joe,

We’re going to burn more coal so you need to speed up the purchase of Chinese-made solar panels.

Xi
Why are you still parroting this horseshit? Honestly, this is a dead subject. Democrats aren't killing coal. Republicans aren't killing coal. Governors aren't killing coal. Regulations aren't killing coal.
The Texas power issue had almost nothing to do with renewables.

The COAL COMPANIES are killing coal. Why? Because it's cheaper to produce natural gas.

If the Chinese want to build coal plants, that's their perogative. It will catch up to them eventually.
 

initforme

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The air in china is toxic now. I suppose it's so bad it can't get any worse.
 

elektra

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Why are you still parroting this horseshit? Honestly, this is a dead subject. Democrats aren't killing coal. Republicans aren't killing coal. Governors aren't killing coal. Regulations aren't killing coal.
The Texas power issue had almost nothing to do with renewables.

The COAL COMPANIES are killing coal. Why? Because it's cheaper to produce natural gas.

If the Chinese want to build coal plants, that's their perogative. It will catch up to them eventually.
Technically, Democrats did kill coal with rules and regulations that made it too expensive. Trump cutting regulations is not enough to open, what the Democrats bankrupted and closed.

Trump's cutting of regulations do however, save the few remaining coal plants.
 

Old Rocks

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Why are you still parroting this horseshit? Honestly, this is a dead subject. Democrats aren't killing coal. Republicans aren't killing coal. Governors aren't killing coal. Regulations aren't killing coal.
The Texas power issue had almost nothing to do with renewables.

The COAL COMPANIES are killing coal. Why? Because it's cheaper to produce natural gas.

If the Chinese want to build coal plants, that's their perogative. It will catch up to them eventually.
Not only that, now it is cheaper to replace running power plants with renewables than to continue to run those power plants. Wind and solar have two huge advantages. You don't need pipelines or railroads to bring in fuel, and the fuel that powers them is free. And both are getting cheaper every year while the cost of gas and coal is increasing.
 

Old Rocks

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The air in china is toxic now. I suppose it's so bad it can't get any worse.
The Chinese are putting in more renewables than anyone. They are planting more forests than the rest of the world put together. They know that they are endangering their own existence with the burning of coal, but are looking at the short run and the rising expectations of their population. They are also producing and using more electric vehicles than any other nation on Earth.
 

justoffal

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Nation and State ^ | 09/21/2021 | Tyler Durden

Congressional Democrats and the Biden administration are working towards an ambitious goal of eliminating coal-fired electricity and 'decarbonize' the US electric grid by 2035.

To meet such an aggressive deadline, House Democrats unveiled a $150 billion 'clean electricity' program to incentivize utility companies to phase out fossil fuels for clean energy. The Clean Electricity Performance Program, or CEPP, would reward utility that boost their percentage of electricity supplied to the grid from green sources - such as solar, wind and hydro, between 2023 and 2030.


Exhaust rises from the East Bend Generating Station, a coal-fired power plant owned and operated by Duke Energy, along the Ohio River in Union, Kentucky, U.S., September 14, 2017. (REUTERS/Brian Snyder)


S&P Global explains more about the program:


In short, Democrats are asking power companies to take a huge gamble on renewable energy - which would effectively 'kill' coal-fired electricity in the US.

"The CEPP would eliminate coal-fired electricity by 2030, if not sooner," according to a letter to House reps by Michelle Bloodworth, CEO of America's Power - which represents top miners, who added that the program would also "eliminate or at least drastically curtail the use of natural gas to generate electricity."

Biden's plans to decarbonize the power sector by 2035 is an enormous task, however according to America's Power, utilities are already making the switch - rushing headfirst into solar and wind projects which have inherent stability risks.

For example, there have been three significant grid issues this year involving renewables, the first in Texas, then California, and the UK. In Texas, a cold snap in early 2021 froze wind turbines and nearly crashed the entire power grid in the state. In California, wildfires strained the clean energy grid where state officials requested the federal government to relax air quality rules to burn natural gas turbines. And in the UK, wind power generation has dropped, straining the grid.

Not all Democrats agree


In a break from Democrats, Sen. Joe Manchin from the mining state of West Virginia mentioned last month that the coal industry "will be saved, has to be saved, because the country can't survive without it." He believes that there will eventually be "a transition" to other energy sources like atomic fusion, hydrogen gas, and nuclear power.

While coal generation has dropped by half over the past two decades, its use has sharply risen since the pandemic began - increasing from 15% to 23%.



And while US progressives may be able to 'kill' coal in the West (at potentially great cost to grid stability), Asia is headed in the opposite direction.

Last month, TIME reported that China is planning to build 43 new coal-fired power plants and 18 new blast furnaces, despite the world's largest polluter pledging to bring its emissions to a peak before 2030, and achieve carbon neutrality by 2060.



As FreightWaves' Greg Miller noted in July, bulk ships full of coal are headed to Asia.

"Turns out the news of the demise of coal has been greatly exaggerated," said Stifel analyst Ben Nolan in a new client note. "Despite an unseemly carbon footprint, coal demand is actually accelerating this year" across much of Asia.

In other words, China is leading a coal recovery by restarting dozens of shuttered coal mines to increase power demand, while other Asian nations are engaged in their own coal projects.



So as Democrats stage a dramatic 'kill the coal' campaign in the United States - an effort which will only be passed along to consumers (hurting low-income families the most), many other parts of the world, including China, Australia, South Africa, and South America, continue to use traditional energy sources as demand shows no signs of abating.

--------------------

One truly wonders how true satire really is...

Joe,

We’re going to burn more coal so you need to speed up the purchase of Chinese-made solar panels.

Xi
I've been saying it for the past 5 years China is laughing their asses off at us while we torture ourselves starving our grid as they feast upon the cheap and reliable energy source of coal.
 

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