Governments try to pick winners and provide subsidies. The subsidies for fossil fuel industry is enormous and is over $5.9 trillion or more than 6.8% globally. In Australia direct and indirect subsidies are over $44 billion and 3.2% of GDP
With the exit of coal mines, use of green hydrogen and renewable energy for steel making, and full deployment will the number of mines crash?
Coal plants are decreasing globally but that does not stop the false information that coal plants are increasing. The number of retirements is greater than new plants. For a full detailed analysis check out Global Energy Monitor.
Life cycle analysis shows solar panels and inveerters recover the embedded carbon in less than 11 months, or even more for the latest panels. Published by Fraunhofer and demonstrating solar systems are positive for up to 40 years.
The total battery capacity for grid home and transportation is about 300TWh of batteries. This will take 10 years of manufacturing and ongoing of about 30TWh per year. Tesla aims to provide 10% of that battery capacity.
A major global disruption will be the exit of coal from thermal electricity generations. Much coal is consumed within the country, but the 6 major exporters of coal will be impacted the most. New mines will not replace the loss of existing coal mines.
