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A realistic ‘energy transition’ is to get better at using less of it

A realistic 'energy transition' is to get better at using less of it
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In 2022, I authored two articles expressing doubts about society’s transition from fossil fuels to renewable solar and wind power. In this final article in the series, I’ll explain why my conclusions are based on experience as well as analysis.

My gloomy assessment of the prospects for renewable energy is not motivated by love of fossil fuels. In fact, I’ve spent the past two decades writing books and articles and giving hundreds of talks arguing that our collective adoption of coal, oil, and gas was the biggest mistake in human history. However, I don’t think, as some spokespeople for environmental organizations sometimes seem to do, that any criticism of alternative energy sources is a form of climate denialism.

At the other extreme, I disagree with the few hard-core environmentalists who believe that renewables are a complete dead end. After humanity’s fossil-fueled fever has eventually broken, we will return to renewable energy, one way or another. We’ve relied on renewable energy for untold millennia in terms of food, firewood, wind, and flowing water. It certainly would be preferable if we could partially transition to forms of renewable energy that would enable us to maintain some of the best of what we’ve accomplished over the past few energy-intensive decades—including scientific knowledge and creative works produced in a growing host of media, from sound recording to motion pictures to digital art. Unfortunately, that will be impossible without functioning electricity grids, which are challenging to maintain even in the best of times. If we could use hydro, solar, wind, and geothermal energy to power slimmed-down grids, that would greatly ease the transition away from fossil fuels.

In short, I have no reason to dislike renewable energy. In fact, I love it. And I live with it.

…click on the above link to read the rest…

The Renewable Energy Transition Is Failing

Not sustainable: Vast quantities of minerals and metals are required for the renewable energy transition. (Photo credit: AleSpa/Wikimedia Commons)

Renewable energy isn’t replacing fossil fuel energy—it’s adding to it.

Despite all the renewable energy investments and installations, actual global greenhouse gas emissions keep increasing. That’s largely due to economic growth: While renewable energy supplies have expanded in recent years, world energy usage has ballooned even more—with the difference being supplied by fossil fuels. The more the world economy grows, the harder it is for additions of renewable energy to turn the tide by actually replacing energy from fossil fuels, rather than just adding to it.

The notion of voluntarily reining in economic growth in order to minimize climate change and make it easier to replace fossil fuels is political anathema not just in the rich countries, whose people have gotten used to consuming at extraordinarily high rates, but even more so in poorer countries, which have been promised the opportunity to “develop.”

After all, it is the rich countries that have been responsible for the great majority of past emissions (which are driving climate change presently); indeed, these countries got rich largely by the industrial activity of which carbon emissions were a byproduct. Now it is the world’s poorest nations that are experiencing the brunt of the impacts of climate change caused by the world’s richest. It’s neither sustainable nor just to perpetuate the exploitation of land, resources, and labor in the less industrialized countries, as well as historically exploited communities in the rich countries, to maintain both the lifestyles and expectations of further growth of the wealthy minority.

From the perspective of people in less-industrialized nations, it’s natural to want to consume more, which only seems fair…

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Is the Energy Transition Taking Off—or Hitting a Wall?

Forecast cloudy: Solar panels are wiped off for peak performance at The Wash Basket Laundromat, in Palmyra, Pennsylvania, in 2011. The business qualified for U.S. Department of Agriculture (USDA) Rural Energy for America Program assistance to add 72 photovoltaic panels to reduce electrical demand by a third. (Photo credit: Lance Cheung, USDA/Wikimedia Commons)

With the Inflation Reduction Act, the federal government is illogically encouraging the increasing use of fossil fuels—in order to reduce our reliance on fossil fuels.

The passage of the Inflation Reduction Act (IRA) constitutes the boldest climate action so far by the American federal government. It offers tax rebates to buyers of electric cars, solar panels, heat pumps, and other renewable-energy and energy-efficiency equipment. It encourages the development of carbon-capture technology and promotes environmental justice by cleaning up pollution and providing renewable energy in disadvantaged communities. Does this political achievement mean that the energy transition, in the U.S. if not the world as a whole, is finally on track to achieving the goal of net zero emissions by 2050?

If only it were so.

Emissions modelers have estimated that the IRA will reduce U.S. emissions by 40 percent by 2030. But, as Benjamin Storrow at Scientific American has pointed out, the modelers fail to take real-world constraints into account. For one thing, building out massive new renewable energy infrastructure will require new long-distance transmission lines, and entirely foreseeable problems with permitting, materials, and local politics cast doubt on whether those lines can be built.

But perhaps the most frustrating barriers to grid modernization are the political ones. While Texas produces a significant amount of wind and solar electricity, it is unable to share that bounty with neighboring states because it has a stand-alone grid…

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Signs of recession are hitting Europe. Is its new Central Bank president up for the challenge?

Signs of recession are hitting Europe. Is its new Central Bank president up for the challenge?

If new institutional reform is to come to the Eurozone, it will entail a major paradigmatic shift

We now know that there will be a changing of the guard at the European Central Bank (ECB) in October. The current head of the International Monetary Fund (IMF), Christine Lagarde, will succeed current ECB President Mario Draghi at that time.

A known quantity among the political and investor class of Europe, Lagarde seems like a safe choice: she is a lawyer by training, not an economist. Hence, she is unlikely to usher in any dramatic changes, in contrast to current European Central Bank president Mario Draghi, who significantly expanded the ECB’s remit in the aftermath of his pledge to do “whatever it takes” to save the single currency union (Draghi did this by underwriting the solvency of the Eurozone member states through substantially expanded sovereign bond-buying operations). Instead, Lagarde will likely stick to her brief, as any good lawyer does. There’s no doubt that her years of operating as head of the IMF will also reinforce her inclination not to disrupt the prevailing austerity-based ECB ideology.

Unfortunately, the Eurozone needs something more now, especially given the increasingly frail state of the European economies. The Eurozone still doesn’t have a treasury of its own, and there’s no comprehensively insured banking union. Those limitations are likely to become far more glaring in any larger kind of recession, especially if accompanied by a banking crisis. That is why the mooted candidacy of Jens Weidmann may have been the riskier bet for the top job at the ECB, but ultimately a choice with more political upside. An old-line German central banker might have been able to lay the groundwork for the requisite paradigmatic shift more successfully than a French lawyer, especially now that Germany itself is in the eye of the mounting economic storm.

 …click on the above link to read the rest of the article…

Olduvai IV: Courage
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Olduvai II: Exodus
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