"Global investment in clean energy and fossil fuels" shows a decline in fossil.
And there are plenty of good reasons why the investment in fossil fuels is still there because these investments can easily be not because its is still competitive, but its still competitive because base costs have been written off.
Aka the replacment of that coal power plant might have been 'competitve' because the whole infrastructure around it is still there and usable, because they might just replace the main burning chamber. Because for current stability reasons its easier to add gas turbines or keep them alive as backup because the renewable energy build out takes more time.
Nonetheless, the overall statistics says that renewable + batteries are now the cheapest energy source on the planet. Locally it might not be doesn't change the fact.
And no we do not need nuclear for baseload. Wind and solar are capable of baseload.
Alone my 4 year old EV has a batterie of 100kWh which would allow a heat pump to heat a house for 2.5 days.
Also countries in the north like Canada has plenty of waterenergy for baseload and countries closer to the aquator have extreme amount of sun.
Earthenergy can be still used in the most northern countries.
And there are plenty of good reasons why the investment in fossil fuels is still there because these investments can easily be not because its is still competitive, but its still competitive because base costs have been written off.
Aka the replacment of that coal power plant might have been 'competitve' because the whole infrastructure around it is still there and usable, because they might just replace the main burning chamber. Because for current stability reasons its easier to add gas turbines or keep them alive as backup because the renewable energy build out takes more time.
Nonetheless, the overall statistics says that renewable + batteries are now the cheapest energy source on the planet. Locally it might not be doesn't change the fact.
And no we do not need nuclear for baseload. Wind and solar are capable of baseload.
Alone my 4 year old EV has a batterie of 100kWh which would allow a heat pump to heat a house for 2.5 days.
Also countries in the north like Canada has plenty of waterenergy for baseload and countries closer to the aquator have extreme amount of sun.
Earthenergy can be still used in the most northern countries.