Comments by "Paul Aiello" (@paul1979uk2000) on "The world’s second-biggest coal company is getting out of the coal business" video.

  1. Coal is the first to go, the next likely one could be gas, especially in Europe, and even thought gas is one of the cleaner sources of fossil fuels, the cost of delivery is too high, either by geographic through pipelines or LNG which is expensive, we are seeing a trend in the EU where coal and gas is on the decline in favour of renewable energy sources and mostly because it's a clean source of energy and is a lot more secure as an energy source. The funny thing is, the percentage of renewables keeps going up, even thought more things are being pushed on it, EV cars and heat pumps, that in time will end up killing off gas and oil in the long run, but it could happen sooner than expected, because with how cheap solar is getting and the march of battery tech, once the momentum gets going, it's going to be an avalanche against the fossil industry, and what's really great about all this, the fossil industry is finding it much harder to control prices and to bump them up, if they try to reduce supple, they lose out to more demand for renewables, if they try to bump up the price, again, they lose out to renewables which keeps getting cheaper and is already one of the cheapest forms of energy we have. Putin with his fanatical views and actions have really done us a favour, especially in the west because it's speeding up the process towards a cleaner future while doing harm to fossil fuel producing countries, which considering many of those countries are not exactly reliable, they stand to lose a lot of revenue, whiles on the other side of the scale, countries that import a lot of fossil fuels like the EU countries and Japan, stand to gain from this in the tune of hundreds of billions per year over the long run, especially as more of us go gridless. The biggest threat to the fossil industry is how cheap renewable is getting, I was checking in Europe and you can get a 400w panel for £65, it's crazy how cheap they are getting over the last few years, but as tech keeps getting better and cheaper, battery tech gets better and cheaper and with more of us moving to EV cars and heat pumps, it could get to the point that we end up plastering solar panels everywhere because of how cheap it is. With all this said, coal isn't going anywhere for a while, mainly because of developing countries, especially China, but regardless, if renewables keep advancing and getting cheaper, it's going to put downwards pressure on all fossil fuels, the ones that will likely benefit the most are likely to be the modern countries, especially the ones that are fast tracking towards a greener future.
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