The Notion of Cheaper Fossil Fuels Has a Shelve Life
The arguments advanced in Poland in favor of the continued public investment in coal and lignite all center on their availability (which is an empty argument ) and their relatively lower price. The lower price of fossil fuels is a near-term fact in some ways (depending on where you are on-shore wind may already be cheaper than new coal plants). See U.S. EIA (2014). But the cost advantage of fossil fuel has a shelve life, It is a transitional notion that will disappear in the coming years. Even China, which was rapidly expanding coal-fired capacity has slowed down now, and the future will belong to renewables. Source: Bloomberg 2015. Generally in China, the "cross-over" point for on-shore wind is 2022 and the point for PV is 2027. In some other places it has already been hit. This i...