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Transitioning to green energy will take time. Meanwhile, governments bring back the dirtiest of fossil fuels.
Coal was supposed to be headed to the dust bin of history as the world increasingly embraces renewable energy. After all, many countries were shutting down these sooty, air-choking power plants. Mines closed, coal companies went bankrupt, and utilities started to replace coal-fired electricity generation with natural gas or wind and solar energy. But it turns out that weaning the world off fossil fuels, particularly the dirtiest fuel of them all, isn’t going to be easy or quick, as coal’s price and demand have been revived this year. Transitions take time. “From our point of view, the energy transition was always a multi-decade story,” said Biff Ourso, senior managing director, Nuveen Real Assets. “And there’s invariably going to be periods of spikes in demand, or supply/demand imbalances that was going to cause a resurgence in carbon-based generation sources.” Coal is likely to stick around as countries rely on it to ensure the lights stay on and the economy hums along. Coal’s resurgence also shines a light on the need for improved battery storage for renewables if the world is going to decarbonize.
Mining companies are getting creative in hiring, said Rich Nolan, CEO of the National Mining Association trade group.
Along with higher pay, some firms offer benefits like daycare. "Everyone is scraping for employees," Nolan said. "They're using every trick in the book to attract qualified workers."
Some mining firms are desperate enough that they are offering $100k per year for new talent.
Miners might not meet the surge in demand due to years of decommissioning mines to reduce carbon emissions and transition the economy from fossil fuels to green energy.A sustainable energy transition will likely take decades, not years:
First of all I support a transition to green however in a balanced transition over several decades. Just like Germany proposed to the UN last year.
originally posted by: beyondknowledge
a reply to: sraven
You think geothermal is safe? Have a look at this.