[erentz]

> The change already happened and all the concerns about peak load capacity and storage were largely mythical.

No they're not. At ~8% I don't see how you can conclude this yet. In the US coal plants were just replaced with natural gas plants. Still a carbon source of power. And these natural gas plants became such a rage in part because of a boom in cheap natural gas. That cheap natural gas boom was provided as a by product of the massive shale oil extraction boom. Which itself was a product of massive amounts of cheap credit that fueled what's probably the largest debt bubble in history, which is currently bursting and taking down a lot of those shale oil companies with it.

With a lot of wells being shut in due to lower oil prices making them uneconomical, we'll have to watch and see what happens to the gas prices. We have just spent half a generation switching from one CO2 polluting source to another, which when all inputs are properly considered is probably just about as polluting. And we did so by wasting a generation of capital. It's been a historical misallocation of capital and it's been entirely green washed.