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Bernie Ecclestoned to Technology@lemmy.worldEnglish • 2 years ago

Weekly data: the global power sector saved $521bn in 2022 thanks to fuel savings from renewables

www.energymonitor.ai

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Weekly data: the global power sector saved $521bn in 2022 thanks to fuel savings from renewables

www.energymonitor.ai

Bernie Ecclestoned to Technology@lemmy.worldEnglish • 2 years ago
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Renewables competitiveness accelerates despite inflation, finds a new report from the International Renewable Energy Agency.
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  • @Ktest@feddit.uk
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    23•2 years ago

    And we’ll see that trickle down through the rest of the economy and not just go into the bank accounts of the executives… right?

    • Björn Tantau
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      15•2 years ago

    • Bernie EcclestonedOP
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      4•2 years ago

      I bet they’ll increase investment in renewables as well though

    • @Edgelord_Of_Tomorrow@lemmy.world
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      1•2 years ago

      At least renewables, unlike coal, you can take advantage of for yourself. Rooftop solar pays for itself.

  • @JackSkellington@lemmy.world
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    18•2 years ago

    Haven’t noticed anything on my bills… business as usual

    • @Buffaloaf@lemmy.world
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      7•2 years ago

      Where I live the power company wants a 30% increase because, according to them, the price of natural gas has been too volatile. Yet the conservative consumers are blaming it on renewables.

  • @PaulDevonUK@lemmy.world
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    12•2 years ago

    My electricity statement showed the second rate reduction in 2 months. This would explain why.

    Somehow I doudt that I received the full benefit but at least it went down which is more than I can say about petrol prices.

    • Bernie EcclestonedOP
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      7•2 years ago

      Yep, oil price has been pushed up by OPEC production cuts. The sooner we can electrify and get off fossil fuels the better

  • @Mojojojo1993@lemmy.world
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    5•2 years ago

    Fuck if we did.

    Power companies need to be in the hands of the people. Communist this shit up. They do not require to be for profit.

    • @brlemworld@lemmy.world
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      2•
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      2 years ago

      You are thinking of socialism, not communism. Citizens share ownership of property with socialism. Communism - property is owned by the state. Give should seize control and give to citizens in something like a Co-op.

      • @Mojojojo1993@lemmy.world
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        1•2 years ago

        Ok. Whichever is best in this regard then

    • Bernie EcclestonedOP
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      2•2 years ago

      Or just tax them accordingly

      • @Mojojojo1993@lemmy.world
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        2•2 years ago

        Nope

    • @Edgelord_Of_Tomorrow@lemmy.world
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      1•2 years ago

      You can install more power than you’ll ever need on your roof and take advantage of this yourself

      • @Mojojojo1993@lemmy.world
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        1•2 years ago

        Which is great for home owners. Doesn’t work for renters and apartment buildings

        • @Edgelord_Of_Tomorrow@lemmy.world
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          1•2 years ago

          Don’t let perfect be the enemy of better.

          • @Mojojojo1993@lemmy.world
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            1•2 years ago

            Absolutely but we as humanity should be looking to benefit all. But I agree. Solar should be shared out. Local community grids

  • Flying Squid
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    5•2 years ago

    You mean if you eliminate a major part of your supply chain, you make more money? And they never thought of this before?

    • Bernie EcclestonedOP
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      5•2 years ago

      They’ve maximised the efficiency of getting a barrel of oil out of the ground.

      Renewables will keep getting cheaper though.

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