<
https://about.bnef.com/blog/after-ukraine-the-great-clean-energy-acceleration/>
"Twenty years ago, sustainability was the only real driver of the transition to
clean energy. Around ten years ago there was a major acceleration when it
became clear that wind, solar and batteries were going to become really cheap;
economics also started to drive the clean energy transition. I believe this
hellish year is going to lead to another similar acceleration, as it becomes
clear that clean energy, and not fossil fuels, holds the key to energy
security.
We have of course known for centuries that coal, oil and gas have driven vast
improvements in standards of living, but they have also caused crisis after
crisis, war after war and scandal after scandal. We have also known, for
decades now, that we needed to transition to clean energy from a climate
perspective, but that only got us so far. What is different about this crisis
is that, instead of having no choice but to double down on securing fossil fuel
supplies, for the first time we can double down on proven, safe and scalable
clean solutions. What was once disparagingly called “alternative energy” really
does now present an alternative.
From now on all three elements of the energy trilemma – security,
affordability and sustainability – are pushing in the same direction. We face
some very difficult years, there is no question. But as we get through them,
things are going to start moving extremely fast. The Great Energy Price Spike
is going to give way to the Great Clean Energy Acceleration.
In the US, just when everyone had given up hope of a federal climate change
package, the Inflation Reduction Act (IRA) popped up and sailed through
Congress in a matter of weeks. There has been plenty of excellent analysis of
it by others, including this overview by BloombergNEF. I’m going to focus here
mainly on Europe and the consequences of Russia’s invasion of Ukraine, but
before I do so, allow me to note that it was the Great Energy Price Spike that
put the “I” in the IRA and made the politics work – though I will reserve
judgement on whether the result does actually reduce inflation."
Via
Future Crunch Oct 7, 2022:
<
https://futurecrunch.com/good-news-us-crime-conservation-argentina-evs-china/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
