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Joined 11 months ago
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Cake day: June 9th, 2023

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  • Between 2012 and 2022 electricity generation from coal has gone down from 2400TWh to 1427TWh for the G7. Most of that comes down to the US, Japan and Germany in that order.The UK and France have basicaly no coal left, besides some rarely running plants and Italy and Canada do exit coal a bit slowler, but do not have too much left anymore.

    To look a bit closer. The US has the inflation reduction act and is building out renewables at record pace, while gas is killing coal in most places. The speed in decline is rather rapid. Japan has closed down its nuclear power plants after Fukushima, but is restarting them about now, so a decline in coal consumption is possible. Germany did phase out all its nuclear power plants until last year, but still managed to have a decline in coal electricity generation, due to building out renewables fairly quickly. This means that should go even faster.

    So yeah, this might happen. Japan is the one to watch though. It really does not built much clean energy these days.












  • Sure, but LNG is more expensive then pipeline gas and Europe has some reserves in Norway and gas pipelines to Northern Africa, Central Asia and somewhat the Middle East. That means as soon as Russian gas supply becomes zero, the US LNG supply to Europe is going to decrease.

    There is also a lot of gas storage in the EU, which is meant mainly to work for the seasonal demand changes coming from heating with gas. Since wind is stronger in the North Sea region in winter, that means besides some non windy days, peaker plants will be used less and less. Grid sized battery storage and better grids are really being deployed relativly quickly, so that should fall as well. The big question is how quickly gas consumption is going to decline as most European countries focus more on shutting down coal power plants.