How to fix the world's energy emergency without wrecking the environment
How to fix the world’s energy emergency without wrecking the environment.
Even as they firefight, governments must resolve the conflict between safe supply and a safe climate
Excerpts from The Economist June 23rd 2022:
"This year’s energy shock is the most serious since the Middle Eastern oil crises of 1973 and 1979."
"Instead they must follow a perilous path that combines security of energy supply with climate security."
"One priority is finding a way to ramp up fossil-fuel projects, especially relatively clean natural gas, that have an artificially truncated lifespan of 15-20 years so as to align them with the goal of dramatically cutting emissions by 2050."
"Hydrogen stripped from water with renewable electricity, or from natural gas with steam in facilities that store the emissions, may be crucial here. So, in many places, may nuclear power."
"The great energy shock of 2022 is a calamity. But it could also be the moment when better government policy triggers the investment needed to resolve the conflict between having a safer supply of energy and a safer climate."
Talk to YOU next Wednesday August 1st, 2022