Lemma 3.17. For a quasi-compact derived scheme with affine diagonal the global sections functor is colimit preserving.
Proof. We briefly sketch the argument of [L1, Proposition 5.5.5]. The derived global sections functor preserves finite colimits. Thus it suffices to show preserves small coproducts: we must check that the natural map is an equivalence, i.e., that the induced map on homotopy groups is an equivalence. Since is colimit preserving, it suffices to check that the individual terms each preserve small coproducts.
This is shown in two steps. First, one checks that for concentrated in a single degree, there exists such that is zero for all . Thus to establish the assertion, it suffices to work in the subcategory for which is concentrated in bounded degrees.
Next, one chooses a finite affine cover giving the usual simplicial object , and thus an identification . The resulting Bousfield-Kan, or C̆ech, spectral sequence has -term given by the , and converges to . (The construction of the -term evidently commutes with coproducts in , since pullback to an affine is colimit preserving.) Using the previous step, only finitely many terms in the spectral sequence may involve differentials affecting a particular group . Therefore we have expressed as a finite limit of terms which preserved colimits in and so the result follows. ∎
Original source: arXiv:0805.0157v5