If they are still building a ton of coal they’re making a colossally foolish mistake.
Solar is already far cheaper than coal for new installations, and the price is still falling.
Solar is already far cheaper than coal for new installations, and the price is still falling.
Up until this year coal has been cheaper than batteries for this task. That changed this year and they're now building some very large battery farms and i invasive their coal builds will drop.
This is an under-considered point: just because energy sources like coal or solar, etc. are being installed NOW doesn't mean they will be there forever. Here in the UK, there is often a lot of opposition to solar and wind farms. But I would expect those eventually to be phased out in the same way as coal once better/cheaper forms of generation come along.
If AI and crypto use 2% of a country's electricity, that's a big deal relative to the average growth in electricity usage of 1% per annum.
But the challenge is converting 100% of the power to carbon-free. If you can do 100% you can do 102%.
https://www.theguardian.com/business/2024/sep/30/end-of-an-e...