Fact Check?
Should we be scared of big numbers.
It depends on which market you are looking at. The RenewEconomy Headline “
This is misleading in the context of the current discussion. It refers to the global scenario. It is also referring specifically to new and planned investments in coal fired power stations. It’s possible Australia might build another, political will overriding common sense. For now this seems highly unlikely.
It would appear there is little here Aussie consumers need to be concerned about. Unless you invest in offshore coal fired power stations?
Note:
Australia has experienced to 2017 a drop in coal fired power from 80% to 60% of electrical power produced. The following table reveals just how close much of this capacity is to retiring naturally.
One third or the 23GW capacity if stretched to a 50 year plant life will not make it to 2030 and two thirds will be life expired before 2034. By then and well before 2050 less than 20% of Australia’s electricity will come from coal.
The headline from RenewEconomy (click bait) does itself a disservice.
P.S.
Australia does generate a significant portion of it’s electrical power from natural gas and CSG. Aside from Snowy 2, investment in the storage capacity required to support renewables is lagging wind and solar.
Perhaps the discussion should be more about the possible short fall of investment in storage. 
Or
