Below is an interesting piece from Richard North. He observes that net zero targets are not being met due to public resistance. This is going to lead to a dilemma. Will they try to force costly change and risk even more unpopularity, or will they abandon the targets and push them further ahead?
I disagree with your premise that Net Zero isn't practical. I'm seeing it the other way around. The only practical thing is net zero. One of my favorite areas is batteries. With China's lead on batteries, the world is going to be mostly buying into what they have to sell. The economics of net zero will decrease the need for FFs simply because renewable energy will be so much better.
ReplyDeleteMichael Barnard
is a climate futurist, strategist and author. He spends his time projecting scenarios for decarbonization 40-80 years into the future. He assists multi-billion dollar investment funds and firms, executives, Boards and startups to pick wisely today.
https://cleantechnica.com/2024/12/24/what-are-the-implications-of-66-kwh-battery-packs-in-china/
The Power Construction Corporation of China drew 76 bidders for its tender of 16 GWh of lithium iron phosphate (LFP) battery energy storage systems (BESS), according to reports. Bids averaged $66.3/kWh, with 60 bids under $68.4/kWh. The tender, covering supply, system design, installation guidance, 20-year maintenance, and safety features, targets systems to be built in 2025-2026.
Hi Anon, If, as you assert, net zero is a practical advantage, then it will happen without any subsidies required and we would have cheaper reliable electricity. The Chinese would stop building new coal-fired power stations, as would the Indians. You say you are a fan of batteries, but the fact is that they are nowhere near capable of storing enough electricity to power a city for more than a few minutes
ReplyDeleteThe price point is here. Cheaper batteries means cheaper cars, cheaper grid battery backup, cheaper railroad transportation, cheaper ocean shipping.
DeleteBatteroes, In the areas they serve, they assist the utility in needing less need for fossil fuels through the night. Batteries today are keeping megatons of carbon dioxide out of the skies and oceans. It is now cheaper for batteries to be peaker plants for utilities, rather than natural gas.