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Solar power has begun to transform the world’s energy system

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353 points dmazin | 3 comments | 09 Jul 25 12:31 UTC | HN request time: 0.756s | source
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xbmcuser ◴[10 Jul 25 11:41 UTC] No.44519874[source]▶
China is also now facing an interesting problem as solar + batteries are cheaper than coal today. But coal currently is around 60% of its electricity supply it uses around 10 trillion kwh. So 6 trillion kwh * $0.08c is $600 billion ie it will have to destroy a $5-600 billion industry that employees millions of people. But at the same time it will be getting cheaper energy and the cost of producing energy will keep getting cheaper each year that would be another deflationary pressure on its economy.
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1. pornel ◴[10 Jul 25 12:15 UTC] No.44520135[source]▶
Of all the places I think China has the least sentiment for protecting business of industries it doesn't want, to keep a line going up on paper.

Their push for renewables and energy independence is very deliberate. When they reach the goal, it's not "oh noes, our precious coal jobs, how are we going to placate rural voters and coal lobbyists", it's cheaper energy, and workers freed to be moved to more productive things.

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2. xbmcuser ◴[10 Jul 25 12:43 UTC] No.44520365[source]▶
Oh I know I am just saying China currently needs to stimulate it internal consumption to maintain its economic growth targets. But cheaper energy that keeps getting cheaper each year is a wierd problem to have and it will be interesting to see how it plays out in the next 5-10 year.
3. getnormality ◴[10 Jul 25 12:53 UTC] No.44520449[source]▶
It's funny that our hope for the future now seems to stand upon the Chinese Communist Party being the paragons of enlightened, unsentimental capitalism that we never were.