Do you ever feel like the thing you've been talking about for years is suddenly the thing everyone's talking about? that's me today seeing my in-box full of stories about the need to ease transmission siting if we are going to get to zero GHG electricity.
All well worth the read. Now to why it's important. Meeting the climate goals we have to meet will require electrifying as many loads as we can that are currently fossil fueled and simultaneously decarbonizing our electric system.
Electricity generation today accounts for about 37% of our primary energy use. eia.gov/energyexplaine…
Making any meaningful progress towards electrifying transportation and heating uses will require at least a doubling of US generation capacity. Likely more once lower capacity factors of intermittent renewable generation are taken into account.
That's a huge investment opportunity that will lower the cost of energy as we transition from high marginal cost assets to zero marginal cost clean generation. BUT...
If we are building new generation in new places AND electrifying loads in places that didn't previously use electricity, we're going to have to build out a lot of wires to connect them.
And transmission has historically been notoriously difficult to permit. As a friend working on underground HVDC told me "this is twice as expensive as overhead... but that's like being twice as expensive as a unicorn because no one is getting the cheaper stuff permitted"
The efforts by the Biden administration to simplify transmission permitting are not only important but mission-critical.
Today isn't a day for celebration. But it is a day for relief. A few thoughts...
1/ The systemic problems that make black and brown people more likely to get pulled over, more likely to get arrested, convicted - and yes, shot - don't end with Chauvin's conviction
2/ We need to pass the George Floyd Justice in Policing Act, and so much more. Do not rest easy.
This is so important. When a country decides to politicize science, it loses the trust of those who don't believe the laws of physics to be negotiable.
We can build this back, but we have to build it back through our actions. Not just promises in Glasgow, but laws passed, regulations enforced. Give confidence to those who are watching our lips AND to those who are watching our feet.
I'm enormously encouraged by what the Biden administration is doing on both fronts. But we desperately need the @GOP to start engaging seriously, lest the rest of the world assume that our actions are only good so long as they are out of power.
Huge, but not surprising number: rapid electrification of US vehicle fleet could save drivers $2.7 trillion in fuel and maintenance costs by 2050. Clean energy = cheap energy. theguardian.com/us-news/2021/a…
Not surprising because a more efficient drive train uses less energy, so drivers spend less. And fewer moving parts = less maintenance expense. Huge because $2.7 trillion is a lot of money.
To be sure, falling battery and vehicle costs is great but insufficient. We need a lot more charging infrastructure to realize this opportunity, especially to ensure that folks who don't have private garages still have access to charging infrastructure.
This is sadly not a new thing. If we define terrorism as "threatened or actual violence by a non-state actor to achieve political ends", there is no close second to the KKK & their descendants when it comes to domestic terrorism. washingtonpost.com/investigations…
That definition by the way comes from University of Maryland who maintains a database of all domestic terror events that proves out that point. start.umd.edu/gtd/
One of the challenges crafting anti-domestic terrorism statutes is that to do so requires that we address our original sin and confront the too-close ties between government officials and racist vigilantes from reconstruction to today.
Some Monday morning thoughts on infrastructure, free markets and the appropriate role for the federal government. Thread:
1/ Inspired partially by some of the chatter amongst the more libertarian ends of my twitter feed suggesting that if free markets won't build infrastructure, the government shouldn't either. That fundamentally misunderstands infrastructure and capital markets.
2/ For the purposes of this thread (and Biden's infrastructure plan) let's define infrastructure as capital intensive stuff that makes commodities that people need. Telephone, rail, internet, electricity, highways and high volume mfg. Among others.
This story about the challenges climate change is creating for coastal SC is a great distillation of why it's so important for our financial regulators to start treating climate change as a systemic risk. Brief thread: nytimes.com/2021/03/14/cli…
1/ First, this quote says everything you need to know about what happens if we stay on the course we are on.
2/ So here's a community where parts of beaches are shrinking by 14' a year, trying to figure out whether they are willing to raise the property taxes necessary to elevate the main road. That sisyphyean question is question is at the heart of system climate financial risk