Weekly data: the global power sector saved $521bn in 2022 thanks to fuel savings from renewables
Weekly data: the global power sector saved $521bn in 2022 thanks to fuel savings from renewables
Renewables competitiveness accelerates despite inflation, finds a new report from the International Renewable Energy Agency.
![Weekly data: the global power sector saved $521bn in 2022 thanks to fuel savings from renewables](https://lemmy.world/pictrs/image/9675d3ee-c583-4519-964d-0af18c8c8381.jpeg?format=webp&thumbnail=256)
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?
22 1 Reply15 2 ReplyI bet they'll increase investment in renewables as well though
4 0 ReplyAt least renewables, unlike coal, you can take advantage of for yourself. Rooftop solar pays for itself.
1 0 Reply
Haven’t noticed anything on my bills… business as usual
18 0 ReplyWhere 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.
7 0 Reply
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.
12 1 ReplyYep, oil price has been pushed up by OPEC production cuts. The sooner we can electrify and get off fossil fuels the better
7 0 Reply
You mean if you eliminate a major part of your supply chain, you make more money? And they never thought of this before?
5 1 ReplyThey've maximised the efficiency of getting a barrel of oil out of the ground.
Renewables will keep getting cheaper though.
5 0 Reply
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.
5 2 ReplyYou 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.
2 0 ReplyOk. Whichever is best in this regard then
1 0 Reply
Or just tax them accordingly
2 0 ReplyNope
2 1 Reply
You can install more power than you'll ever need on your roof and take advantage of this yourself
1 0 ReplyWhich is great for home owners. Doesn't work for renters and apartment buildings
1 0 Reply