World Energy — Where Are We Going?
I think we’re all a bit curious about the ultimate disposition of the energy industry – both here in the US and around the globe. In the States, 49% of our electricity comes from coal, and the penetration of renewables is under 2%. Worldwide, about 80% of energy for all purposes comes from burning hydrocarbons. So if that’s where we are, where are we going?
In the US, we have a complicated array of vectors in this space. We have constantly falling prices for PV and wind — and promising new technologies coming along right behind them, yet we have a Republican majority in the Senate that has aggressively begun to block all actions that would mitigate global climate change.
So, again, what are the most likely scenarios for change, if any, through the coming decades? I was lucky enough to have received a crystal ball for Christmas that comes in handy on occasions like this; let me pull it out, and I’ll tell you. But first, maybe we should look at a few high-level questions that frame the discussion: (more…)