Drudge Retort: The Other Side of the News
Monday, June 19, 2017

Solar power, once so costly it only made economic sense in spaceships, is becoming cheap enough that it will push coal and even natural-gas plants out of business faster than previously forecast. That's the conclusion of a Bloomberg New Energy Finance outlook for how fuel and electricity markets will evolve by 2040. The research group estimated solar already rivals the cost of new coal power plants in Germany and the U.S. and by 2021 will do so in quick-growing markets such as China and India.

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By 2040, wind and solar will make up almost half of the world's installed generation capacity, up from just 12 percent now, and account for 34 percent of all the power generated, compared with 5 percent at the moment, BNEF concluded.

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Oh but it's unsustainable. You know who.

#1 | Posted by LauraMohr at 2017-06-19 11:00 AM | Reply

Cool deal if it pans out the way it's being predicted in the linked article.

#2 | Posted by JeffJ at 2017-06-19 11:04 AM | Reply

I am going to bring your coal mining jobs back. Buhlieve me. First thing is to make it okay to pollute your rivers with coal ash. As soon as the owners make a few hundred million in profits, they will bring back the jobs instead of increasing productivity with machinery. Buhlieve me. Winning. Sad.

- Little d.

#3 | Posted by 726 at 2017-06-19 11:07 AM | Reply

Well, Market forces at work, imagine that.

#4 | Posted by Daniel at 2017-06-19 01:10 PM | Reply

Well, Market forces at work, imagine that.

#4 | POSTED BY DANIEL

Not precisely. Actually, it was backed heavily by government investment during the Obama administration which helped push the technology further.

Now we are reaping the rewards.

#5 | Posted by Sycophant at 2017-06-19 01:31 PM | Reply

It started before that when the Feds introduced the 30% tax credit. My state had a 50% tax credit. I had 18 solar panels installed costing $25000. Between the state and federal credits, my real expense was only $5000. I've now had them long enough that they have produced enough electricity to have paid for my 5K investment.

#6 | Posted by jamesgelliott at 2017-06-19 01:47 PM | Reply | Newsworthy 1

President Moron would rather save 50,000 horrible pointless polluting coal mining jobs than invest in the industry of the future.

So china will lead the way and take all the prosperity and gains we could have had for ourselves. This is what happens when the population of morons reaches a critical mass where they start winning elections and setting the national economic agenda. Morons behind the wheel = heading down a very dumb road.

#7 | Posted by SpeakSoftly at 2017-06-19 01:54 PM | Reply | Newsworthy 2

That's the conclusion of a Bloomberg New Energy Finance outlook

Naaa..no bias there..

#8 | Posted by boaz at 2017-06-19 02:16 PM | Reply

That's the conclusion of a Bloomberg New Energy Finance outlook

Naaa..no bias there..

Posted by boaz at 2017-06-19 02:16 PM | Reply

Progress waits for no one. Either get on board or wither away.

#9 | Posted by LauraMohr at 2017-06-19 02:29 PM | Reply

Naaa..no bias there..

#8 | Posted by boaz

It's not their fault. Facts have a liberal bias.

Meanwhile republicans legislate and make economic plans based on ancient mythology that says god will never send another flood. Repubs would still be living in caves if progressives hadn't dragged them out.

#10 | Posted by SpeakSoftly at 2017-06-19 02:30 PM | Reply

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Progress waits for no one. Either get on board or wither away.

What if it's my type of progress, would you say that then?

#11 | Posted by boaz at 2017-06-19 02:32 PM | Reply | Funny: 1

What if it's my type of progress, would you say that then?

Posted by boaz at 2017-06-19 02:32 PM | Reply

You and progress???? TEEHEEHEE GIGGLES LMFAO Shweeeeeewwwwwwwwwww hehehe

#12 | Posted by LauraMohr at 2017-06-19 02:34 PM | Reply | Newsworthy 3

Progress waits for no one. Either get on board or wither away.

What if it's my type of progress, would you say that then?

#11 | Posted by boaz

Maybe you should define your "type of progress".

Most of don't consider the de-evolution of our society into an apocalyptic struggle for the last dregs of the earth's natural resources and by fighting to the death for said resources in the Mad Max Thunderdome "progress".

#13 | Posted by donnerboy at 2017-06-19 06:39 PM | Reply | Newsworthy 2

IMHO, sad truth is that China will copy every solar R&D patent it can. It will then leverage its cheap manufacturing cost advantages to mass produce & sell solar panels more cheaply than anyone else can. So China will become the solar manufacturing center of the world. India might folliw next.

The upside to this: the cheaper and more efficient solar becomes, the better the environment -- we hope. But soon enough solar will become so inexpensive every person of conscience will invest in solar.

And at sone point, coal will shrink in employment despite any political efforts to stall the trend.

#14 | Posted by Augustine at 2017-06-20 01:04 AM | Reply

News Flash.

Coal is dead as a form of energy.

It's delightful for barbecuing.

#15 | Posted by ClownShack at 2017-06-20 01:48 AM | Reply

It's delightful for barbecuing.

No it is not. Burning coal stinks.

#16 | Posted by REDIAL at 2017-06-20 07:14 AM | Reply

Not precisely. Actually, it was backed heavily by government investment during the Obama administration which helped push the technology further.
Now we are reaping the rewards.
#5 | POSTED BY SYCOPHANT

Indeed. There were a lot of gains during that time. But, where Obama made a mistake was to make it an Us and Them issue and make fossil fuel the enemy. Dumb mistake and we are worse off because of it. Obama had a hard time with the leadership thingy. I would have preferred to see him present a reasonable 5 to 50-year plan for the US energy policy that would show fossil fuel phasing out over time which included natural gas and nuclear power.

#17 | Posted by LastAmerican at 2017-06-20 10:48 AM | Reply

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