Disclaimer

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. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

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Monday, July 2, 2018

The collapsing coal pipeline.

From Simon Holmes à Court, about the global pipeline of new coal power stations, in response to a rabid-right group of coal supporters in our government:

in 12 mths to jan 2018:
• pipeline shrank 30% (549GW to 387GW)
• only 8% (46GW) entered construction
• 31% (172GW) was cancelled
• 75% of the 'planned' projects are not yet permitted!  
meanwhile:
• 57GW (12%) of capacity actually under construction was shelved/cancelled
• coal power stations totalling 55GW retired.




On Simon's figures, we may already have passed or are at least are very close to peak coal.  Awesome.

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