As China realises the unpriced costs of coal power, such as air pollution, coal production is starting to fall.
New figures show China’s use of coal has continued to fall dramatically over first four months of 2015.
The kind of numbers reported by China’s largest coal producer is signal that most populous country continues to step back from coal.
Even with an early start, nuclear power is surpassed by wind power in China and India, and will soon be overtaken in Brazil, South Africa.
Under the Dome, a documentary on pollution in China that has been viewed by more than 200 million people, could turn the tables against fossil fuels in the world’s biggest polluter. Merrill Lynch says the video could have as big an impact Al Gore’s “An Inconvenient Truth”. Bad news for coal and oil; good news for solar, wind.
Solar module prices averaged around 72 cents per watt in the U.S. and 56 cents in Chile in Q4 2014.
The continued buildup of coal-fired power plants in China represents an investment bubble that will burst as overcapacity becomes too large to ignore.
Chile is now emerging as the southern hemisphere’s renewable energy giant, so what can we learn from our Pacific neighbours?