Scaler reposted this
A nice somewhat positive Sunday read with the following highlights (let’s hope this will be the case with the AI trend): “The energy transition will be much cheaper than you think - Most analysts overestimate energy demand and underestimate technological advances. The one point of agreement, that decarbonisation will be dauntingly expensive, between climate activists and carbon addicts is, in fact, wrong. Greening the world economy will be much cheaper than the two groups imagine. Slower economic growth, cheaper technology and more modest targets for when the world reaches net zero could reduce the price tag even further. This year solar power should account for $500bn, more than every other source of generation combined. These numbers flatter clean energy somewhat, since they include investments in electric vehicles (EVs), heat pumps and improvements to electric grids, which do not in themselves lower emissions that much. Instead, they pave the way for big emissions cuts, provided that the electricity used comes from low-carbon sources.”