Ex: Deloitte & Merrill Lynch. World-class Investment Research. Author: Harvesting Financial Prosperity: Professional Investor. Research energy, power & electricity generation, newsletter.
I have yet to meet energy transition, net zero, and climate change people who understand math and science. 1. The works need 700 exajoules of non-carbon energy by 2050. Solar and wind cannot scale that high, nor would that much land be available. It will require all the nuclear that can be built, along with hydro. No one of your group seems to understand that number, how large a number of energy that is. Each exajoules represents either 174 million barrels of oil, or 34.12 million tons of coal. 2. I see no plan that provides non carbon energy to industrial, energy intensive processes, like making iron, steel, cement, and fertilizer, without which 4 billion people would not have enough food. All those processes are done with fossil fuels. Other than SMRs, I see no answer to provide energy for these industrial processes. 3. I don’t think you folks have an answer on how to convert 4 TW of coal plants, unless you plan on nuclear power. Nothing else has the scale, that does not need backup power. Green hydrogen is too expensive, by 5x. 4. Also, what will be the source of energy for 120,000 large ships, critical to international trade, that use diesel or heavy fuel oil? And what about the energy for jet airliners, 25,000 that need a new source of energy. 5. And what about 50 million diesel farm tractors that provide food? What about 100 million irrigation pumps? These are run by diesel. And what about large combines, harvesters. 6. Fossil fuels will still be needed for asphalt, forblubricants,and backup power to solar and wind. And you will need 150 million tons or copper, the equivalent of 7 years of mining. 7. I see no solutions to these questions, as if a positive attitude is enough. Sorry, it is not. I don’t think clean energy, net zero, nor climate activists, have any real solutions to these big problems.
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Ex: Deloitte & Merrill Lynch. World-class Investment Research. Author: Harvesting Financial Prosperity: Professional Investor. Research energy, power & electricity generation, newsletter.
3wWorld needs 700 exajoules of energy, not works