thegreatdivide wrote on Nov 17
th, 2025 at 11:56am:
because the entire current Oz coal fleet must be replaced over the next decade.
Yes. replaced, just not with renewables. they still can't cut it.
China gets 87% of power from fossil fuel, and they plan to reduce emissions by 7% by 2035 on the back of current emission increases.
thegreatdivide wrote on Nov 17
th, 2025 at 11:56am:
And they noted gas prices will also keep rising because the cheap gas reserves in Oz have already been exploited (which is why the fossil companies want to flog the stuff overseas where they can command higher prices).
So contracts don't exist and can't exist? BTW - Which product of any sort is actually going down in price?
thegreatdivide wrote on Nov 17
th, 2025 at 11:56am:
But the quantum and types of storage infrastructure needed to firm renewables over the entire gtid isn't yet known, and can't be known at this point in time because technology is changing all the time; whereas the storage capacity of an individual battery can be measured in terms of GW/h units. ; no one knows yet the actual quantum of total storage we will need in Oz on the path to net zero.
So no costings mean renewables are the cheapest.
thegreatdivide wrote on Nov 17
th, 2025 at 11:56am:
Which answers your next question: no one know the cost, except that it will be huge - and possibly beyond the capacity of taxpayers, meaning we will have to utilize the capacity of currency-issuing governments to create money ex nihilo....
Nope. We don't need the renewables at all along with their necessary costly appendages.
thegreatdivide wrote on Nov 17
th, 2025 at 11:56am:
whereas the currency-issuing government has a neat trick up its sleave.....
Ah yes the Never Never. See how China is coping with that.
"As the pooh-bahs of the Chinese Communist Party gathered recently to extol their vision for urban modernization, China’s paramount leader Xi Jinping offered an assessment of recent developments that appeared slightly at odds with the upbeat tone of the proceedings. The president said that “(I)n the past, GDP was used to judge heroes,” but “One beautiful thing covered a hundred ugly things. Nowadays, in many matters, one ugliness covers a hundred beautiful things.”
Yet as China’s cities, counties, and provinces confront slower economic growth and fiscal belt-tightening, the leadership didn’t mention the “one ugliness” that is weighing on local governments—trillions of dollars of debt. That is because the Chinese government already has declared victory over local government debt and seems to be moving on. A three-year debt restructuring initiative launched last November refinances ten trillion yuan ($1.39 trillion) of “hidden debt,” or bonds issued by investment companies known as local government financing vehicles (LGFVs). But LGFV bonds are only one part of a much larger problem. Local governments throughout China are also on the hook for trillions of dollars of bank loans, unpaid bills, and other obligations that remain unaddressed."
https://www.atlanticcouncil.org/blogs/econographics/sinographs/beijing-extends-a...Chinese Politicians climb the ladder because of gigantic Ponzi Schemes, the lower ranks need to keep the lie going. It is what caused the building bubble etc, they got approval, they got finance... from the regional governments.
thegreatdivide wrote on Nov 17
th, 2025 at 11:56am:
Let's see what comes out of COP30.
So you are betting on China and COP30.
"“Little by little, China is acting as a guarantor of the climate regime,” said one senior diplomat from an emerging economy. “They invested a lot on the green economy. If there’s any kind of involution, they will lose.“
One Brazilian diplomat said China played a key role in helping reach an agreement over the COP30 agenda before negotiations even began, whereas in previous years its diplomats would not get involved unless there was some key issue for them."
https://www.reuters.com/sustainability/cop/china-finds-bigger-role-us-sidesteps-...thegreatdivide wrote on Nov 17
th, 2025 at 11:56am:
Yes, to enable mutually advantageous development of resources without nations incurring debt.
So they are just being kind, beneficent, when they have shown no such dealings before. Got it.
thegreatdivide wrote on Nov 17
th, 2025 at 11:56am:
See the 'neat trick' enabling c-i governement to access free money, mentioned above - not available to you and me. You keep confusing government money with taxpayer money.
You keep confusing the ability to keep printing money with the ability to never have repay it.
thegreatdivide wrote on Nov 17
th, 2025 at 11:56am:
Private companies own the rights to develop and profit from, eg, Oz NW-shelf gas.
yes they do. But they pay tax on it, after recovering the costs of development .
thegreatdivide wrote on Nov 17
th, 2025 at 11:56am:
The sun shines on everyone, depending on the time; and the wind blows everywhere, depending on the weather.
And not necessarily when or when required.
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