SoylentNews is people
SoylentNews
An article in CleanTechnica describes how we are in a carbon bubble. Renewable energy sources are expanding quickly at reduced cost, leading to a likely mass stranding of fossil-fuel related assets as fossil fuels become more expensive than renewable sources of energy.
The current push for natural gas (and with it the related push for hydrogen fuels) is the last gasp of the fossil fuel industry. Hydrogen as a fuel source can only economically be produced from fossil fuels and hence provides no net reduction in carbon emissions, but the fossil fuel lobby are trying to convince people that it is a viable alternative to electric cars.
When the carbon bubble does burst, the impact on asset valuations is likely to be huge, with consequent impact on the larger economy.
Where do you plan to be when the carbon bubble pops?
(Score: 2, Insightful) by NewNic on Tuesday January 17 2017, @01:12AM
No.
What will happen is that only the cheapest production sources will continue to operate. All the higher-cost ones will be abandoned and written-off. Thus the mix of high and low cost sources for fossil fuels will shift towards the cheaper sources.
No one will pay for higher-cost fossil fuels unless renewable sources do not provide an alternative.
Your claim is that reduced demand will lead to higher prices: that will only be true if fossil fuels are a niche product.
lib·er·tar·i·an·ism ˌlibərˈterēənizəm/ noun: Magical thinking that useful idiots mistake for serious political theory