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this post was submitted on 14 Jul 2024
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Additinal bonus: Since both EU and China are shifting away from fossil fuels, this will fuck Russia forever
And Saudi Arabia, Iran and any number of disgusting fascist regimes that the West has coddled far too long just for cheap gas.
Saudis could turn their country into an industrial power house with dirt cheap energy, but they're spending their wealth on skyscrappers instead...
The moment they would heavily invest in solar they signal their cash cow is ready for slaughter.
And the fact that they haven't tells you all you need to know about their motives.
If they're smart they will have diversified by then. Otherwise it's going to lead to a lot of civil wars as the established order breaks down. That will be unfortunate.
Do they strike you as smart?
China's coal use has gone up every year since 2000 and is now 5 times what it was back then. They aren't "shifting away", they are steadily increasing its use.
Not for long - China has the fastst growing solar sector by far world wide.
https://en.m.wikipedia.org/wiki/Growth_of_photovoltaics
Around half of global new PV instalations is deployed in China.
Article also says that 2023 had particularly nasty drought resulting in less hydro power, which they compensated by burning more coal