A blog about climate change, economics and politics.
Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. I do make mistakes, but I try hard to do my analysis thoroughly, and to make sure my data are correct. Remember: the unexpected sometimes happens. The expected does too, but all too often it takes longer than you thought it would.
The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.
BTW, clicking on most charts will produce the original-sized, i.e., bigger version.
Friday, February 10, 2017
Coal twice the cost of renewables in Oz, too.
The so-called "Liberal" government of Australia (actually a right-wing conservative government, filled with climate denialist fruit loops) is trying to make a case for more coal in Australia which would somehow reduce CO2 emissions. It's rubbish of course. But what's telling is this chart from BNEF via The Guardian. Once again, renewables are far cheaper than coal.