Coal power in Canada currently represents close to 10% of greenhouse-gas emissions coming from four provinces—Alberta, Saskatchewan, Nova Scotia and New Brunswick. Provinces will have the option to choose between phasing out coal entirely and replacing it with lower-emitting resources, or using carbon capture and storage technology.Does it matter?
This is easier for Canada than the U.S. because half its power already comes from waterfalls; Canada gets 10% of its electricity from coal versus about 31% in the U.S. But it’s still a big chunk of coal, and one among many that’s weakening in a secular way.Canadian energy link here.
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China May Waste Half Trillion Dollars On Unneeded Coal Plants
Bloomberg link here. Data points:
- $490 billion: coal power plants than it needs
- currently: 895 gigawatts of operating coal capacity being utilized less than half the time
- another 205 gigawatts under construction
- installed a record 46.9 gigawatts of solar and wind last year
- additional coal capacity beyond existing plants is only required by 2020 if power generation growth exceeds 4% / year and coal plants are run at a utilization rate of 45% or less
- even existing capacity may come under financial pressure by 2020
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