Well, this is a follow up to the last post about staying alive being the most important thing. I will just dig right in as the saying goes.
Time is money!
As China goes, so will go the rest of the world, eventually.
I think this relates to energy security and economies that rely on inputs of cheap energy to fuel their industrial capacity.
How much of this decline in costs is due to subsidies from government is the question. Can these companies stand on their own two feet once the subsidies are lifted?
So my math’s says that 2030 minus 2024 = 6 and a bit year’s, and we have to reduce our emissions by 45%. Is this possible? I don’t know but we sure do need to give it a go.
As well as environmental concerns there are other things that are making it difficult for humanity to deal with the problem of climate change and the transition from fossil fuels to renewable energy.
So, we have about 50 to 100 years of oil, gas and coal left, maybe more if it’s used judiciously. Energy demand is expected to grow by 25% in the next 16 years.
In the meantime, China and the US seem to be locked in some sort of capital and or economic conflict / competition. It remains to be seen who the tortoise will be and who will be the hare. It could be that being faster and better now is in the long run an illusion.
The renewable energy market offers hope, but can it grow fast enough to fill the gap left by fossil fuels? What will fill that gap while we wait for it to come online?
I asked AI to write me a report about the transition from fossil fuels to renewable energy sources.
Could Artificial intelligence be the solution to our problems? Does pose a potential risk though? Do we understand it well enough to use it properly? or wisely?
But the transition is not without its risks and issues / problems.
But there are also potential benefits.
There are a myriad of issues facing us. It is a mystery within an enigma. A riddle within a conundrum. It is a massive task greater than the Manhattan project, greater than the breaking of the enigma code. Greater than going to the moon. We face a short period of less than 10 years, in which we must make a great transition.
We are not just investing financial capital though. This challenge requires us to create and deliver intellectual capital, moral capital, human capital, and many other types of resources / collaboration.
Perhaps the old saying that necessity is the mother of invention will hold true.
We can make it work. We can straighten a bent nail. We can mend a broken system.
I myself do not see any other palatable alternatives.