The renewables revolution is unfolding live, fast and furiously.
"It's exponential, global, and this decade": look at the data and do the math
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Building block #1: Mineral extraction for a renewable system (43 mt/y) is 360 times less than for fossil fuels (over 15,000 mt/y)
Building block #2: Exponential change is all around us
Building block #3: Fossil fuel demand has peaked
Building block #4: the manufacturing capacity we need is already here, with announced projects already sufficient to build all the solar, wind and batteries required for 2030
Most analysts have not caught up, yet
This is the Renewable Age
China is leading, for now: its capital expenditure on renewable technologies is higher than in the United States and Europe combined
But the US and Europe have woken up
Cheap renewables are opening up a new paradigm
We will stop - sooner than most think - paying $2 trillion of rent to Big Oil and their enablers, all of whom are fighting a losing battle to protect their "profits" and subsidies at the expense of everyone's health and future
70% of fossil fuel demand is already being displaced by existing renewables solution
The "debate" is rapidly changing from a "green premium" which only exists because of fossil fuel subsidies, to a green prize
We will save 8 million lives a year by getting rid of burning fossil fuels
And we are very much on track - with energy modelers catching up, some more slowly than others
Must read source report from @RockyMtnInst, @KingsmillBond and @SamButl3r
rmi.org/wp-content/upl…
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