[HN Gopher] Rapid Green Energy Transition Will Likely Result in ...
       ___________________________________________________________________
        
       Rapid Green Energy Transition Will Likely Result in Trillions of
       Net Savings
        
       Author : belter
       Score  : 104 points
       Date   : 2022-09-17 16:53 UTC (6 hours ago)
        
 (HTM) web link (www.cell.com)
 (TXT) w3m dump (www.cell.com)
        
       | Bubble_Pop_22 wrote:
       | How do you make cement and steel?
        
         | pfdietz wrote:
         | Iron ore is reduced with hydrogen. Some carbon needs to be
         | added to make steel from direct reduced iron, but that carbon
         | doesn't need to come from fossil fuels.
         | 
         | Cement needs heat, but it doesn't need heat from fossil fuels.
         | And cement will need CO2 capture in any case -- even today,
         | half the CO2 emission from cement is the CO2 released by
         | decomposing limestone, not from combustion.
        
       | kderbyma wrote:
       | the cynic in me says that those savings will just become profits
       | for the companies and government through taxes and greed....so
       | savings are relative. Also it seems to be highly dependent on
       | solar mass adoption
        
         | burkaman wrote:
         | I would say that's a pretty optimistic prediction. The cynical
         | prediction is that this rapid energy transition simply doesn't
         | happen.
        
         | WalterBright wrote:
         | > will just become profits for the companies ... greed
         | 
         | Of course they will. You can thank this effect for the high
         | standard of living we enjoy from the free market.
        
           | rascul wrote:
           | Is there a free market though? Seems like it's all taxed and
           | regulated.
        
             | WalterBright wrote:
             | A free market doesn't have to be a perfect free market in
             | order to work well.
        
             | radicalbyte wrote:
             | You need regulation to make a free market, otherwise they
             | trend toward monopoly/duopoly/fixed markets.
        
             | uoaei wrote:
             | You misunderstand the meaning of "free" in the phrase "free
             | market".
             | 
             | Read _The Wealth of Nations_ and you will see that Adam
             | Smith was a vociferous advocate of regulation. Because
             | "free" was not "unregulated" in the original conception, it
             | was rather "open to any participant, such that they have
             | the opportunity to benefit", which as we have noted over
             | the past 300 years of economic history requires regulation
             | and enforcement mechanisms (funded by taxes).
        
               | rascul wrote:
               | I guess there are varying definitions of "free market". I
               | was going off of Wikipedia:
               | 
               | > In economics, a free market is an idealized cognitive
               | model of an economic system in which the prices of goods
               | and services are determined by supply and demand
               | expressed by sellers and buyers. Such markets, as
               | modeled, operate without the intervention of government
               | or any other external authority.
               | 
               | Adam Smith is mentioned later on in the article though:
               | 
               | > For classical economists such as Adam Smith, the term
               | free market refers to a market free from all forms of
               | economic privilege, monopolies and artificial scarcities.
               | They say this implies that economic rents, which they
               | describe as profits generated from a lack of perfect
               | competition, must be reduced or eliminated as much as
               | possible through free competition.
               | 
               | https://en.wikipedia.org/wiki/Free_market
        
         | bpodgursky wrote:
         | I hope many companies get filthy rich transitioning the US to a
         | carbon-free economy. I hope we mint a ton of greedy
         | billionaires in the process.
         | 
         | That sounds like a great deal for everyone!
        
         | seventytwo wrote:
         | You know, collectively, we can do something about that... It's
         | a political decision in society to allow that added value to be
         | sucked up by those who are already wealthy.
        
           | WalterBright wrote:
           | You can buy stock in those companies and get your share of
           | the profits.
        
             | kbenson wrote:
             | On the one hand, the ability to usefully interact with the
             | stock market is very limited for the majority of people, as
             | they do not have the extra income to invest. It's very much
             | a system in which the lower class do not get to
             | meaningfully benefit from most the time.
             | 
             | On the other hand, the companies will be made of people,
             | expand by hiring new people, and pay these people with
             | those profits, so much of the money will make it to people.
             | 
             | Companies making lots of money is not a problem. Companies
             | saving vast amounts of it in war chests is, IMO (depending
             | on how they save it), as it's effectively removing it from
             | the economy. I really hope Apple and Google's massive
             | saving are stored by being reinvested in some way and
             | aren't just entirely removed from the economy, because that
             | would be a shame. I suppose even if they were just stored
             | in a bank that would be used as capital for loans, so maybe
             | it's not that bad.
        
               | WalterBright wrote:
               | > Companies saving vast amounts of it in war chests is,
               | IMO (depending on how they save it), as it's effectively
               | removing it from the economy.
               | 
               | Nobody saves money in Scrooge McDuck cash vaults. All the
               | money is invested, all of it. Even money in a checking
               | account is invested. (The banks invest it, that's why
               | they offer free checking accounts. They're not a
               | charity.)
               | 
               | The majority of people do invest in the stock market.
               | 
               | > the lower class
               | 
               | is not the majority. Even so, brokers like Robinhood have
               | made it easy for anyone with a phone to invest.
        
               | ClumsyPilot wrote:
               | > Nobody saves money in Scrooge McDuck cash vaults. All
               | the money is invested, all of it.
               | 
               | Russian oligarchs invested vast amounts of money into
               | super yahts and luzury London real estate, which sits
               | empty 360 days a year.
               | 
               | Is that productive investment?
        
           | mistrial9 wrote:
           | yes and no - each day it is game rules plus the ability to
           | negotiate; elected officials come in all flavors
        
           | sheepdestroyer wrote:
           | Isn't it too late for that now that the power imbalance
           | afforded to Capital owners is so disproportionate?
           | 
           | I think that's what transpired from Piketty's "Capital in the
           | Twenty-First Century"
        
             | stormbrew wrote:
             | History is long, and capitalism as we know it is only a
             | couple centuries old (and that's being generous). It's easy
             | to forget that there was a before because it's very common
             | to frame even old economic systems in modern terms, but
             | things changing is the only real constant. There'll be an
             | after too.
        
               | dr_dshiv wrote:
               | How do you define capitalism, I'm curious, in this
               | context? What was it 200 years ago that made it different
               | from 400 years ago?
        
               | stormbrew wrote:
               | The industrial revolution and the beginnings of a global
               | liberal trade order pretty substantially changed the
               | shape of the world's economic system, even if sometimes
               | people call predecessor systems like mercantilism a kind
               | of capitalism.
               | 
               | But if you want to extend the time horizon to 400 years
               | (ie. to the beginning of the end of feudalism) that's
               | still not that long in the grand scheme of things.
               | 
               | That said I don't really know if I buy that we're in that
               | system anymore either; I think history books will
               | probably eventually recognize a shift starting around the
               | collapse of Breton Woods and that we're currently in a
               | long and increasingly painful transitionary period that
               | we're in denial about to something we can't yet describe.
               | 
               | But I Am Not An Economist (nor do I want to be one), so
               | who knows.
        
               | ch4s3 wrote:
               | Mercantilism definitely is NOT a kind of capitalism. Adam
               | Smith and other thinkers during the Scottish
               | Enlightenment were specifically arguing against
               | mercantilism. The Cron Laws in England were even
               | successfully repealed by on of Smith's students.
        
               | stormbrew wrote:
               | I mean, I agree with you (I just said sometimes people
               | call it that, not that it is that) but I don't think
               | anything you said really contradicts it being a kind of
               | capitalism. After all Lenin and Stalin and Trotsky
               | disagreed literally violently with each other but Soviet
               | Communism is still a label that contains all their
               | efforts and systems.
        
       | darepublic wrote:
       | I have stood here before, inside the pouring rain (of trillions)
        
       | qclibre22 wrote:
       | Interesting who funded this study: Institute for New Economic
       | Thinking was founded with an initial pledge of $50 million from
       | businessman and philanthropist George Soros . I'm sure
       | researchers try extra hard to not be influenced by the funders
       | and pursue real science. Let's hope they did in this case.
        
         | burkaman wrote:
         | If anyone is curious about the full list of funders:
         | 
         | > This work was supported by funding from Partners for a New
         | Economy (R.W. and J.D.F.); Baillie Gifford (J.D.F.); the
         | European Union's Horizon 2020 research and innovation programme
         | under grant agreement no. 730427 (COP21 RIPPLES) (R.W.); and
         | the Oxford Martin School , through the Institute of New
         | Economic Thinking and the Post-Carbon Transition programme (
         | LDR00530 ) (M.C.I. and P.M.). This research was also funded by
         | the Economics of Energy Innovation and System Transition
         | project ( EEIST ), which is jointly funded through UK Aid by
         | the UK Government Department for Business, Energy, and
         | Industrial Strategy (BEIS) and the Children's Investment Fund
         | Foundation ( CIFF ) (R.W. and M.C.I.).
         | 
         | It would be truly extraordinary if George Soros was able to use
         | his indirect connection to one of eight funders of this study
         | to influence its findings, but I suppose we'll never know for
         | sure.
        
           | peyton wrote:
           | He founded the lead author's employer. Am I misreading that?
        
             | burkaman wrote:
             | You are. George Soros co-founded (with two other founders)
             | one of the lead author's three employers 13 years ago. He
             | does not hold any present position in the organization.
        
         | teaearlgraycold wrote:
         | Interesting that you plucked George Soros out in particular. Is
         | this /pol/?
        
         | puchatek wrote:
         | I'm aware of how Soros is the Boogeyman for some people but I'm
         | curious as to what exactly you are insinuating? What's the
         | narrative?
        
           | bequanna wrote:
           | The idea is that Soros only gives away money with strings
           | attached.
           | 
           | He expects you/your group to further his political goals in
           | order to continue to receive funding.
        
             | pydry wrote:
             | Right, but what strings are attached here?
        
       | engineer_22 wrote:
       | If you want your model to output a certain result, just make the
       | right assumptions.
        
       | jasec57322 wrote:
        
         | nynx wrote:
         | Alright, man
        
           | jasec57322 wrote:
        
         | gnramires wrote:
         | Please have a look here: https://climate.nasa.gov/evidence/
         | 
         | The evidence is clear and uncontroversial (and has been for
         | decades).
        
           | jasec57322 wrote:
        
           | GlenTheMachine wrote:
           | The problem is that the OP, by "just asking questions", is
           | engaging in an enormous time imbalance.
           | 
           | It's a standard tactic of skeptics. Ask a simple question.
           | Takes only a minute or two. But the answer turns out to not
           | be so simple, and requires much time in composing an answer.
           | And of course the answer also invokes concepts, terms,
           | models, research, etc that themselves are not simple, and so
           | the questioner asks another round of "simple questions",
           | which take significant time to answer. After a few rounds of
           | this the answerers are exhausted and the questioner proclaims
           | victory in the sense that he/she still has questions, and the
           | answerers "can't" answer them, typically because they have
           | jobs, kids, significant others, and in general a life outside
           | answering skeptic questions.
           | 
           | There is a tremendous amount of literature on this in both
           | the popular press and scientific journals. You can google
           | those as easily as we can, and if you were serious about
           | finding the honest answers to your questions that's where you
           | would start.
        
       | kkfx wrote:
       | I'm honestly tired about PR positions written or referring some
       | beancounters ideas of the world, regularly completely detached
       | from the real world.
       | 
       | Personally, smelling rodent early enough I've built a new home,
       | airtight as needed/possible, well insulated, with a (still rare
       | these days) heat-pump VMC, other heat-pumps for heating (water-
       | water) and hot sanitary water (air-water), a small p.v. plant
       | with lithium storage enough to being fully autonomous when
       | heating is not needed and partially autonomous in winters months:
       | the result is simple autonomy is not achievable, nor real economy
       | to pay back the huge investment.
       | 
       | I mean, I do not invest to earn in money but to guarantee comfort
       | of life in "bad water" expecting unreliability and high services
       | prices, but in monetary terms it's a TOTAL FAIL. Heat pumps can
       | potentially last around 10 years, lithium battery being used very
       | little (daily 15% authorized DOD + eventual blackouts) perhaps
       | the same. Inverters probably can last more, so solar panels, but
       | they'll probably be not much interesting to keep after that
       | amount of time. Long story short ~60kEUR for just 10 years of
       | usage. Even with ARTIFICIALLY skyrocketed prices (which is a
       | crime against humanity than in Democracy demand justice, like
       | life-long sentences, outside Democracy demand simple brutal
       | revenge) economically is a total fail.
       | 
       | If I add a BEV to the mix is even worse: so far NOTHING is really
       | designed to work on p.v. so even being a WFH worker, so able to
       | recharge a car at home when the Sun shine witch might be most of
       | the time, NO DAMN VEHICLE on sale offer a standard data port to
       | talk to a p.v. invert and get ONLY available power from the Sun
       | like stationary BMS/batteries do (so something we already have at
       | commercial level of evolution), equally almost no vehicle can act
       | as a battery to the home, very few offer a 240V AC inverter with
       | 3kW maximum but NOTHING really integrated nor integrable.
       | Similarly the same happen for hot water where only few systems
       | offer modbus PARTIAL control of the system from a central energy
       | management device witch is normally something home-made since on
       | sale there is again essentially ZERO to really try the self-
       | consumption route. Why such route? Because is the only meaningful
       | choice technically speaking.
       | 
       | Yes, you are reading correctly: keeping a national grid stable
       | with big p.v. plants it's simply IMPOSSIBLE until we get
       | superconductive global grid (and I'm not sure if it's possible in
       | that case either). AC national grids are designed to sustain a
       | slowly changing mean load, when the load change fast controlling
       | the grid frequency is a nightmare. That's why the big push to BEV
       | _dreaming_ an surrealist scenario of soooo many connected
       | batteries on wheel that keep regulating the network frequency or
       | _offload such tremendous costs to individuals_.
       | 
       | Those who really think we can run NOW/in a decade the world on
       | renewable can be classified in two categories: dreamers
       | completely outside the real world, not much different than
       | children dreaming Star Trek or CRIMINALS who try a hyper-big scam
       | fully know the outcome. You do not have to believe but to know,
       | so since we are on HN just try to design/outline such renewable
       | economy being honest.
        
       | vondur wrote:
       | Can we really build batteries at the scale needed for this? I'm a
       | bit skeptical.
        
         | bryanlarsen wrote:
         | Why? The materials needed for LiFePO4 batteries are very
         | common, and we only need a few dozen large factories and
         | refineries.
         | 
         | Compared to the size of the fossil fuel extraction industry,
         | it's tiny.
         | 
         | The only question is how quickly we can build up to the scale
         | needed, not if we can.
        
           | brtkdotse wrote:
           | Phosphorus is essential to growing food and shortages have
           | already begun.
        
             | lukeschlather wrote:
             | There's no shortage of phosphorus. As prices go up
             | extraction from human waste becomes profitable and all
             | municipalities just do it. We invest in closed loop systems
             | we stop having to think about energy and agricultural
             | inputs as extractive, there is minimal possibility of
             | "shortage" it's just a closed-loop system that occasionally
             | needs to be topped off a bit.
        
               | stjohnswarts wrote:
               | You don't "just do" anything on that scale.
        
             | bryanlarsen wrote:
             | We have a shortage of refined Lithium and Phosphate. We
             | have no shortage of the unrefined elements in profitable
             | concentrations.
        
         | swid wrote:
         | Recently I saw on HN that Australia has a path to >98%
         | renewable energy (solar, wind, hydro) with only 5 hours of
         | battery storage. That's a lot of value for less battery backup
         | than I would have thought.
         | 
         | https://news.ycombinator.com/item?id=32567994
        
           | 01100011 wrote:
           | Do you believe it? Solar+wind has had several notable
           | failures so far when overcast skies combined with windless
           | conditions. Hydro probably helps to a great degree though.
        
             | pfdietz wrote:
             | Rare dark/calm periods can be countered by storage
             | technologies other than batteries. These technologies
             | typically have lower efficiency than batteries, but that
             | doesn't matter when they're only rarely called on. For
             | these technologies, low per-energy-stored capital cost is
             | much more important than high efficiency. As an example:
             | hydrogen can be stored in solution-mined salt caverns for
             | as little as $1/kWh of storage capacity.
        
         | burkaman wrote:
         | I mean, that's what this study is about. There is extensive
         | discussion of the cost, production, and technology trends of
         | batteries in the full text.
        
       | 01100011 wrote:
       | Garbage comment from an uninformed SW engineer: How, in the
       | current economic and geopolitical environment, can they project
       | that production costs will continue to decline?
       | 
       | Green tech requires massive amounts of dirty energy to produce.
       | It also has been benefiting from globalization which is now going
       | in reverse. I would add at least 5 years to any timeline given
       | because of the recalibrating global energy and materials supply
       | chains will be undergoing over time.
       | 
       | We're probably short of copper. Is anyone figuring out a way to
       | use aluminum as a substitute in many applications? We can work
       | around several of the other critical shortages(nickel, cobalt,
       | not-so-rare rare earths, lithium) in time, either with
       | alternatives or increased extraction, but copper seems like a
       | tough one.
       | 
       | There is a lot of wishful thinking or naivete in the political
       | class driving these transitions. I agree that we need to move
       | rapidly to decarbonize but there seems to be a lack of
       | appreciation for the actual work involved in the transition.
       | There is also a parasite-class of folks whispering deceitful
       | tales in the ears of politicians(ahem, hydrogen, ahem) which
       | really only cares about getting their cut.
       | 
       | Politicians need to understand you don't just order solar panels
       | and batteries off Amazon. Someone needs to make them, and that
       | someone better be a country you're not in a proxy war or a hot
       | war with. We need to invest in practical measures not just fairy
       | tales that leave us in the dark for a decade or more while we
       | figure out hard lessons.
        
         | lancewiggs wrote:
         | This is the approach that all the other forecasters have fallen
         | into and that this article is trying to address. Just as many
         | people thought the irrepressible growth of Internet data,
         | processing power and memory would slow or cease, so is the case
         | that continued investment into renewable power will continue to
         | reduce costs. We don't have to be the ones that say what
         | technology or materials will be used, just to say that that
         | industry, like ours, has it covered.
        
         | dqpb wrote:
         | > Green tech requires massive amounts of dirty energy to
         | produce
         | 
         | In theory, bootstrapping will eventually be complete.
        
           | ncmncm wrote:
           | The stronger statement is true: as green energy becomes
           | increasingly cheaper than dirty, industries will transition
           | to clean wherever they can. New industry will start out using
           | green, and green generation capacity is almost all new.
        
         | cesarb wrote:
         | > Green tech requires massive amounts of dirty energy to
         | produce.
         | 
         | Is that exclusive to green tech, or is it common to both green
         | tech and non-green tech? If both need dirty energy, what
         | matters is not green tech needing dirty energy, but only how
         | much dirty energy it needs compared to non-green tech, both to
         | produce and over its lifetime.
        
           | 01100011 wrote:
           | It matters if you disrupt the dirty energy pipeline well
           | before you've secured enough green energy to self-sustain a
           | green energy future.
        
             | ncmncm wrote:
             | Every way to secure green energy requires some use of dirty
             | energy.
             | 
             | So the only choice is between dirty forever, and dirty
             | decreasing. If the latter, the faster it decreases, the
             | less dirty energy you use on the transition.
        
           | ClumsyPilot wrote:
           | Its a circular argument. Any action requires energy, and the
           | only energy you have avaliable is dirty energy, so you can
           | accuse green tech or requiring dirty energy
        
         | joshe wrote:
         | The quick answer is that we are not short of any of those
         | materials. We might not be producing enough right now, but
         | there's far more than enough that can be mined or recycled
         | inexpensively.
         | 
         | Increased prices will cause more mining and recycling,
         | eventually the price will settle at the cost of production +
         | something for profit. The something for profit is quite small,
         | the coast for low risk capital is ~5% a year.
         | 
         | There might be a 5-10 period when profits are high for miners,
         | but eventually the profits will be competed away by new
         | entrants. (Except if you have a mine that produces very cheaply
         | because it is so rich or easy to operate, these people will
         | stay high profit. The most expensive mines will just make back
         | they're capital costs + return).
         | 
         | You can see this with fracking which is horribly unprofitable.
         | Hedge funds have lost billions over building fracking wells.
        
           | 01100011 wrote:
           | > we are not short of any of those materials
           | 
           | For the most part you are correct. But building the mines,
           | refining, supply chains, etc takes time. So you are perhaps
           | missing one of the main points I was trying, maybe
           | unsuccessfully, to make: we need to deal with the 'right now'
           | and not just worry about how we'll be fine in 50 years.
           | 
           | Lithium is a perfect example. We have plenty in the ground.
           | We don't have plenty of mines. We should be allocating Li
           | carefully until those issues are resolved in 5-10 years.
           | 
           | If we only base our energy policy on how things will be in a
           | decade we will delay the transition while inflicting maximum
           | pain on the population(energy and food shortages, rampant
           | inflation, lower standard of living, etc).
        
             | admax88qqq wrote:
             | > We should be allocating Li carefully until those issues
             | are resolved in 5-10 years.
             | 
             | Well intentioned policy like this can have the reverse
             | effect.
             | 
             | If you limit lithium usage you will limit demand, which can
             | reduce the effort expended to build new mines.
        
               | 01100011 wrote:
               | Did I suggest that? I mean we should be realistic about
               | Li availability and incentivize its usage appropriately.
        
             | actually_a_dog wrote:
             | In fact, we do not have "plenty" of lithium. There's not
             | enough lithium in the world to put in all the batteries for
             | all the EVs we'll need to replace ICE vehicles. This is
             | entirely orthogonal to the fact that recycling lithium ion
             | batteries is expensive, difficult, and potentially
             | dangerous in the case of any type of mishap.
             | 
             | https://www.weforum.org/agenda/2022/07/electric-vehicles-
             | wor...
        
               | mrep wrote:
               | That article mentions "reserves" 5 times and cost/price
               | not once. Same type of articles were written about peak
               | oil and then the price of oil went up and magically
               | reserves grew as it be came profitable to find and
               | extract new sources of oil.
        
               | actually_a_dog wrote:
               | That's because reserves are what matters. I don't care if
               | there's billions of tons of lithium at the bottom of the
               | Marianas Trench, nobody's ever going to go get it because
               | it's too dangerous, difficult, and expensive. The same
               | thing with space mining. Nobody's going to go mine
               | asteroids because it's stupidly expensive. For all
               | intents and purposes, if we can't get to it, it doesn't
               | exist.
               | 
               | And let's not forget about all the problems that
               | "innovative" methods of oil extraction such as fracking
               | have created, over and above the fact that it's provided
               | more oil to burn. Lithium mining itself is already an
               | environmental disaster, and it seems highly unlikely that
               | increased demand for the product is going to improve the
               | environmental impact of extracting it. You know, tragedy
               | of the commons and all. The fact that "peak oil" came and
               | went is not a capitalist success story.
        
               | ncmncm wrote:
               | You seem not to understand what "reserves" actually
               | means.
               | 
               | It does not exclude easily accessible material. It only
               | excludes material not assessed yet because there has been
               | _no need_ to, as existing reserves will last more than
               | long enough to perform further surveys.
        
               | oblio wrote:
               | If you go to the source of that claim, you'll see that
               | it's basically about proven reserves, using current tech
               | and know how, basically how we did it for oil, when we
               | were supposed to run out of oil in 1872, 1919, 1960, etc.
               | 
               | We've just started looking for the thing at the scales we
               | need it now, prospecting and extracting and processing it
               | will improve.
        
               | Gare wrote:
               | But we do have more than enough sodium, and sodium-ion
               | batteries could be "good enough" for most applications
               | with technology advancement.
        
               | actually_a_dog wrote:
               | Maybe, but I am skeptical. Do you know when lithium ion
               | batteries were invented? Okay, truthfully, neither do I,
               | because accounts vary, depending on what you mean by
               | "invented" and "lithium ion battery," but it was
               | definitely in the 1970s. The first prototypes were
               | created in the mid 80s, and commercial introduction
               | wasn't until 1991. This stuff is all up on Wikipedia, so
               | you can just look it up if you doubt it.
               | 
               | Even if the research is being done, we've got decades
               | before something commercially viable comes out. The need
               | exists now. Anything that isn't essentially ready to go
               | by 2030 probably isn't going to do squat to help us.
        
               | Gare wrote:
               | CATL (the biggest EV lithium-ion battery manufacturer in
               | the world) has announced last year that it will bring
               | sodium-ion batteries to market in 2023. We'll see. The
               | technology is in many ways similar to lithium-ion, so
               | more rapid advances are not surprising, especially
               | considering the amount of investment being made compared
               | to the 80s and 90s.
        
           | catawbasam wrote:
           | Some hedge funds may have lost billions, but frackers are
           | printing money at current price levels.
        
           | bobthepanda wrote:
           | Right. Reserves are really just a measure of "things people
           | bothered to look for at the current price." High prices can
           | and do induce more searching.
           | 
           | Part of the whole hullabaloo about "peak oil" is that people
           | stopped looking for oil reserves in an environment with low
           | oil prices. Once prices started rising you saw fracking come
           | into play that regenerated areas previously thought dead for
           | oil production.
        
             | RobertoG wrote:
             | That's not the argument of peak oil. It's not about price
             | or quantity of oil available in the planet. It's an
             | argument about thermodynamics.
             | 
             | The argument is that in order to extract oil, you need to
             | spend energy, and, logically, the most easier oil to
             | extract is extracted first.
             | 
             | That means that oil extraction is every year more expensive
             | (energetically not financially). Because technology can
             | make extraction more efficient but not indefinitely, at
             | some point, in order to extract oil, it will be necessary
             | to spend the same energy than burning it creates.
             | 
             | I suppose we could say that it's kind of an inversion of
             | what's going on with fusion research.
             | 
             | Some commenters say that we already pass that point and
             | that's the reason oil companies CaPex have fall in the last
             | years.
             | 
             | I don't know if that's the case, but I can't avoid to ask
             | myself about solar.
             | 
             | Is the energy that a solar panel generate in its life
             | enough for its normal use, plus extracting the minerals
             | that it's made of, plus push the panel, through the ocean
             | all the way from China? or are we fooling ourselves using
             | oil for all that?
             | 
             | I would like to see some numbers and expert discussion
             | about that.
        
               | Yoric wrote:
               | If you can read French, this guy
               | https://fr.wikipedia.org/wiki/Jean-Marc_Jancovici has
               | published a lot of vulgarization on the topic - with
               | numbers.
               | 
               | If my memory of reading one of his books serves, fracking
               | now costs 50% of the energy it produces (in addition to
               | non-energy environmental impact, which is pretty large),
               | up from ~10% for the easy oil we had ~50 years ago.
               | Current-tech solar panels are in the same order of
               | magnitude (again, not counting non-energy environmental
               | impact). Nuclear energy has the highest yield. I seem to
               | remember that coal is the worst, unless it's burnt at the
               | point of extraction.
        
               | bryanlarsen wrote:
               | That doesn't pass the smell test. A "raw" solar panel in
               | China costs about 25 cents / W, and each watt should
               | produce about 45kWh over its lifetime (5W per day for 25
               | years). If the embodied energy in the panel is half of
               | the lifetime energy, that means that there is 22kWh of
               | embodied energy in that W of solar panel, and they're
               | selling that embodied energy for about 1 cent / kWh. And
               | that assumes that there are no costs to the panel other
               | than the embodied energy.
               | 
               | A rule of thumb is that embodied energy in a finished
               | manufactured product sells for about $1/kWh. By that rule
               | of thumb, the embodied energy in a solar panel is about
               | 0.5% of the energy it will produce over its lifetime.
        
               | ncmncm wrote:
               | The energy delivered by a solar panel is overwhelmingly
               | more than needed to make it. The gain is enormous. There
               | is simply no contest.
               | 
               | Consider that makers of solar panels, and of the
               | materials that go into them, get no break on their power
               | bills. Each and every kWh that goes into making the panel
               | necessarily gets its cost folded into the price of the
               | panel. Otherwise they would be paying that out of their
               | own pocket to give it to you for free.
               | 
               | Furthermore, the fraction of the energy used in making
               | the panel that comes from renewables goes up every year,
               | as their share of the total generated increases.
               | 
               | The same argument applies to wind turbines, tidal
               | turbines, wave engines, dams, and (in their way) storage
               | media.
        
               | dv_dt wrote:
               | One could look for more direct sources, but the summary
               | is that energy payback happens in 1-4 years out of
               | current 25 year "life". And that 25 years is typically a
               | warranty to 80% of original capacity.
               | 
               | https://www.solarmelon.com/faqs/solar-panels-use-energy-
               | manu...
        
               | peyton wrote:
               | It's pretty silly as we've discovered efficient synthesis
               | routes since.
        
               | jcranmer wrote:
               | > That's not the argument of peak oil. It's not about
               | price or quantity of oil available in the planet. It's an
               | argument about thermodynamics.
               | 
               | ... that hasn't been the traditional argument behind peak
               | oil, from its original adherents (checks notes) 70 years
               | ago. The traditional theory is a pretty bare oil demand
               | inevitably increases while fields run dry because we
               | extract all the [usable] oil first--and one of the main
               | points of the theory is to ask what you're going to do
               | when you need oil and there is none left. It may be that
               | newer adherents are arguing peak oil on the basis of
               | energy-invested-on-energy-returned basis, but that's not
               | the traditional argument for the theory.
               | 
               | While it is true that newer oil sources require more
               | energy to extract, but that's not particularly relevant
               | for a few reasons. For one, on current trends, it looks
               | like demand for oil will peak well before economical
               | supply of oil will be exhausted (which is the main point
               | of the theory). But even being net-negative on energy
               | production isn't necessarily a deal breaker, for there
               | can well be cases where there's no realistic alternative
               | to oil as an energy source due to its great energy
               | density (see airplanes, for example).
        
           | kkfx wrote:
           | > We might not be producing enough right now, but there's far
           | more than enough that can be mined or recycled inexpensively.
           | 
           | That's not reality but a dream. So far we still have to find
           | a sustainable lithium recycling on scale, there are various
           | startups with various solutions, who actually prove to be
           | just like most startup: PR scam for money or childish dream
           | of someone who sold the cat before capturing it.
           | 
           | It's not better in mining estimation: we have estimations of
           | different kind but they are nothing than dream, we do not
           | really know how much lithium is accessible on earth.
        
             | zdragnar wrote:
             | Locally, there are several mines that have been trying to
             | open for years (copper and nickel, mostly) but the
             | environmental crowd has been extremely determined in using
             | the courts and bureaucracy to block them from opening.
             | 
             | The net result is the green wave will be driven largely by
             | relying on dirty minerals from other countries.
        
               | kkfx wrote:
               | Mining tech is essentially the same since ever, we just
               | have transferred some physical efforts to machines, how a
               | local mine is "green" and some in exotic places is
               | different?
               | 
               | Consider a thing: all industry do not pollute because
               | they are evil but because the tech produce pollution.
               | Something was done, something can be done, to reduce it
               | of course, but that's not always possible, not possible
               | more than a certain extent and not for free.
               | 
               | A simple idea: can you pay a 8-years maximum lasting car
               | 100kEUR? Even if you can, how many others needs cars and
               | can't? Because that's relatively less heavy than the
               | physical possibility of doing something, but it's not
               | marginal at all. I have built a new home, with all actual
               | tech to consume less and get a better life, but if such
               | homes can only be made let's say by 10% of the western
               | population, witch means roughly by 3% of the total human
               | population what's the outcome? We are a society. Some can
               | be richer than others, nothing wrong in that. BUT when
               | the difference between the poorest and richest and so
               | their numbers on total humans diverge too much the
               | society fall apart anyway.
        
               | zdragnar wrote:
               | > how a local mine is "green" and some in exotic places
               | is different?
               | 
               | https://web.mit.edu/12.000/www/m2016/finalwebsite/solutio
               | ns/....
               | 
               | https://empoweringpumps.com/5-ways-to-make-mining-more-
               | susta...
               | 
               | are both nice entry points for basic research. Mining
               | tech has changed quite a bit since the early days- waste
               | management is probably the biggest factor in whether a
               | mine is relatively neutral or harmful to the environment.
               | 
               | The other major factor between countries is the extent to
               | which regulations are in place to ensure that old mines
               | are also managed- ensuring water runoff doesn't flow into
               | and through them (picking up excess metal waste), etc.
               | 
               | A final note is many countries do not have the regulatory
               | strength to catch all illegal mining operations, which
               | may have no waste management or treatment in place at
               | all.
               | 
               | Even with all of the regulations in place, it would still
               | be economically feasible to mine here- otherwise, the
               | mining companies wouldn't be spending decades trying to
               | open these mines up in the first place.
        
               | benj111 wrote:
               | >Mining tech is essentially the same since ever, we just
               | have transferred some physical efforts to machines
               | 
               | You could say that about literally anything
        
         | ip26 wrote:
         | It's perhaps naive and over-simplistic, but the s-curve is so
         | well-established you can probably fit the production cost curve
         | over time to the s-curve and get a useful prediction.
         | 
         | There's lots of hard work that goes into making it happen, of
         | course.
        
           | marcosdumay wrote:
           | The s-curve has two important parameters, but looking at any
           | amount of history before the first inflection you can only
           | ever deduce one of them.
           | 
           | So, how exactly to you intent to fit the renewables (that are
           | pre-inflection) production curves into it?
        
         | alexose wrote:
         | > Green tech requires massive amounts of dirty energy to
         | produce.
         | 
         | This may be true for certain products, but it's not broadly
         | true. There's nothing intrinsic that requires solar panels,
         | lithium ion batteries, or wind turbines to be manufactured
         | using dirty energy.
        
           | 01100011 wrote:
           | In most cases no(remember, hydrocarbons and the hydrogen
           | produced by them are often industrial/chemical feedstocks for
           | Si, lubricants, adhesives and polymers used in green mfg) so
           | you're right.
           | 
           | The problem is _right now_ these things do indeed depend on
           | dirty energy. You 're basically making the same fallacious
           | argument as politicians do now. In the long run, everything
           | will be green. That's not the point. The point is how we get
           | there. You can't ignore the present or the engineering
           | involved to get to the future.
        
             | Jtsummers wrote:
             | We get there by a (very likely) short-term increase in
             | current energy production and use as we ramp up
             | manufacturing and deployment of the systems needed for
             | clean energy production, and then see a tapering off of the
             | current production methods as the new ones come online.
             | 
             | How did we get the first railroads built? By a combination
             | of horses dragging materials so humans could lay the rail
             | lines and then trains dragging materials as the initial
             | lines were built. There was almost certainly an initial
             | increase in horse power consumption, and then a decline as
             | the new system came online. This isn't a new thing, this is
             | how many replacement transitions that depend on the
             | previous system play out.
        
               | 01100011 wrote:
               | > We get there by a (very likely) short-term increase in
               | current energy production
               | 
               | Right. But right now we're incentivizing the opposite.
               | We're telling fossil fuel companies we don't need them
               | anymore long before we've actually figured out a way to
               | live without them. Do you see the problem yet?
        
             | alexose wrote:
             | I see what you're saying-- Bootstrapping a green economy
             | does, almost by definition, require the use of fossil
             | fuels.
             | 
             | I think the easier way to look at it, though, isn't the
             | upfront cost of the transition, but the outcomes that are
             | 10-20 years down the line. A big "spend" right now should
             | result in less overall carbon emitted (according to most of
             | the lifecycle analyses that I'm familiar with, anyway).
             | 
             | It's a really good point that we need to optimize this, of
             | course. It would be ideal to manufacture solar panels in
             | places with a favorable energy mix versus somewhere that's
             | still 100% coal. But in a lot of cases, it's better just to
             | get the things out the door as fast as possible using the
             | technology we have.
        
         | FunnyBadger wrote:
         | You are absolutely correct.
         | 
         | Supply Chains are primarily fossil based and can NOT be
         | substituted with low density sources like Green Energy or even
         | electricity at all.
         | 
         | For example, you can't efficiently make steel or most other
         | metals with electricity alone. Even primarily electrically
         | refined metals like copper or aluminum REQUIRE inputs that can
         | not be made or refined or extracted with electricity. Often
         | this is about chemical reductions that required carbon or other
         | reductants that can't be effectively or efficiently made with
         | electricity. The most obvious one is silicon - carbon reduction
         | of SiO2 is the only and best efficient refining method (1st
         | stage only - you need further far more energy intensive
         | refining to make semiconductor-grade silicon).
         | 
         | Recently brought up in Congress was questions of how
         | petrochemicals are to be produced if the Green goal of
         | eliminating oil is accomplished. Stuff like plastics. All sorts
         | of things depend upon plastics and plastics require
         | petrochemicals. The most obvious one is plastic sterilization
         | aids and sterile materials like syringes, packaging for
         | needles, etc. ALL 20th century medicine is largely destroyed
         | without petrochemicals. Also all pharmaceuticals deeply depend
         | upon petrochemicals.
         | 
         | The respondent had no answer and she simply tried to resort to
         | high-intensity angry BS. Clearly she'd never thought ANY of
         | this through and didn't care because she was living off the
         | anger of hating oil but knew nothing about how oil is used or
         | how dependent all supply chains are on oil.
         | 
         | You are underestimating the good faith of the political class.
         | In fact, they are borderline psychopathic with high levels
         | Dunning-Kruger delusion about the correctness of their
         | decisions/beliefs.
         | 
         | https://www.youtube.com/watch?v=AHk7S6prF6M
         | 
         | The additional issue: PVs have finite lifespan. Lithium
         | batteries have extremely finite lifespans. So you have to
         | replace them and have ALL the supply chains to do that forever.
         | Which are fossil fuel dependent at fundamental
         | chemical/physical levels. So most of those supply chains can
         | NEVER be made green.
         | 
         | Green Energy is primarily a Cargo-Cult Religion not based on
         | facts. That is a major problem because if you shutdown fossil
         | fuels, we will end up with nothing - we will not even manage to
         | have the levels of civilization and technology seen in the last
         | 300-500 years. Basically a dark age.
        
           | 01100011 wrote:
           | Jesus it's nice to read an informed comment on here.
           | 
           | Yes, it's difficult to try to get these facts across to folks
           | without them thinking you're a shill for big oil. It's
           | especially sad/frustrating when people who claim to be
           | engineers don't understand the engineering involved in the
           | process of transitioning to green energy.
        
           | kkfx wrote:
           | > Basically a dark age.
           | 
           | That's the real enormous issue. Beyond the Green New Deal,
           | witch is green in the sense of dollars main color for very
           | few, chemical/radioactive stereotypical waste leaking from
           | abandoned rusty barrels green while being sold as grass
           | green, we have a real issue: oil is consumed FAR faster than
           | natural regeneration and that since many decades so far,
           | witch means that a day perhaps not that far away it will be
           | more and more scarce and finally unavailable. NOT ONLY for
           | fuel, but also for plastic witch happen to be needed for
           | electrical insulation, hydraulic and air insulation, anti-
           | vibration stuff etc etc etc and we do not know how to replace
           | it on scale.
           | 
           | So far no other feasible on scale energy solution exists.
           | Nuclear fission and mountain pumped hydro are the most stable
           | and powerful solution we have, but can't work on scale alone
           | and nothing else is there.
           | 
           | Without energy no matter climate change or something else:
           | any civilization collapse anyway.
        
           | dharma1 wrote:
           | You can make steel with just electric heating - Swedish steel
           | companies are making a lot of progress here https://www.reute
           | rsevents.com/renewables/renewables/sweden-l...
           | 
           | Oil and petrochemicals have many uses and they will be with
           | us for decades but at some point this century we will get the
           | vast majority of our energy needs from fusion (the sun),
           | hydro, wind and nuclear. It will likely take longer than we
           | think and but might as well start now than keep running a
           | dangerous experiment on the planet
        
           | telchar wrote:
           | You're seemingly unaware that petrochemicals can be
           | synthesized with energy and simple organic feedstocks. The
           | chemistry is pretty well established to bootstrap up from
           | water and CO2 to complex hydrocarbons and from there of
           | course the same petrochemical processes can be applied. Green
           | energy is perfectly capable of this.
        
             | 01100011 wrote:
             | They can, but that takes energy. You have to have
             | sufficient green energy to produce it and how do you get to
             | the place where you have sufficient energy? Currently, that
             | means you burn massive amounts of dirty energy to make the
             | transition over, what, decades?
             | 
             | Your comment is well intended but it is the same sort of
             | 'one day it will be perfect' thinking that glosses over the
             | messy transition that actually needs to take place first.
        
               | pfdietz wrote:
               | Most uses of fossil fuels these days are for fuel, not
               | petrochemicals. The energy needed to get to
               | petrochemicals (and the fraction of carbon currently
               | coming from fossil fuels to get to petrochemicals) are
               | relatively modest.
        
           | ClumsyPilot wrote:
           | > PVs have finite lifespan
           | 
           | And your car doesn't? What kind of argument is this?
           | 
           | My panels have 25 year warranty, whats the warranty on a
           | diesel generator?
           | 
           | > questions of how petrochemicals are to be produced if the
           | Green goal of eliminating oil is accomplished.
           | 
           | Petromechicals have no relevance to Climate change and CO2
           | emissions. You can keep using single-use bags and straws and
           | throwing them into landfill untill you use up all the oil on
           | earth.
           | 
           | They have relevance to our health, i.e. microplastics, but
           | thats a separate problem.
        
           | acallaghan wrote:
           | The cargo-cult religion is unfortunately back by science and
           | years of study and agreement amongst scientists - human
           | activity is causing climate change and global warming. You
           | sound like you haven't accepted this fact based reality that
           | we live in and are a part of.
           | 
           | Climate change is our fault, and we _have_ to stop it, there
           | is no other alternative that also includes life continuing on
           | earth as we know it. This change is already happening, it 's
           | not hypothetical. Global systems are already being affected,
           | extreme weather and drought more common. Global temperature
           | change _has_ to be kept as low as possible, or we risk crop
           | failure, famine and mass immigration at a scale that has
           | never been seen.
           | 
           | I understand there are huge logistical issues with shifting
           | off fossil fuels, but we as humans _have_ to. We can get to
           | the moon, we can stop burning old dinosaurs  & plants to make
           | stuff work. Even without climate change, these resources are
           | finite. Are you just going to accept waiting for all the oil
           | to run out before making plastic tubes from something else?
           | The clue is in the name _fossil_ , they take millions of
           | years to produce and are non-renewable.
           | 
           | You can think of me as a green psychopath all you like, but
           | it doesn't change the cold hard facts. I hope my reply isn't
           | high-intensity BS.
        
             | neffy wrote:
             | It's accurate but not complete. The long term (600k year)
             | climatic history of this planet is sobering, and if only
             | climate change was just our fault. Believe me, there is
             | nothing humanity has so far achieved that comes close to
             | matching what nature does to this planet on a pretty
             | regular schedule. We don't know nearly enough about this by
             | the way, and we especially don't know enough about
             | conditions about the end of the last inter-glacial. For the
             | last 20 odd years we can't even discuss it rationally,
             | because to bring up the non-anthromorphic aspects just gets
             | some innocent scientist labelled a denier.
             | 
             | That volcano that went off in the pacific this January
             | appears to have increased the amount of water vapour in the
             | entire atmosphere by 10%. Sit back and contemplate that for
             | a moment, because it is pretty awesome, and also the
             | satellite pictures were quite something, and then take
             | another look at what's happened in Pakistan and Italy. All
             | our fault? We can wish.
             | 
             | There is so much more to this than shifting away from
             | fossil fuels - that's the easy one.
        
             | 01100011 wrote:
             | I missed the part where OP denied global warming.
             | 
             | You and I both want the same thing. Our shared goals do not
             | negate the laws of chemistry or physics.
        
         | marcosdumay wrote:
         | > It also has been benefiting from globalization which is now
         | going in reverse.
         | 
         | You mean countries applying tariffs to things? Or are you
         | talking about the Russian aggression? Or is it about that
         | speculation that reduced spending on the US navy will make
         | other countries helpless against naval crime?
         | 
         | Because the first two seem to have had no effect at all on
         | solar panels production, and the third is a huge attention
         | seeking non-sequitur.
        
         | pfdietz wrote:
         | The argument that this cannot work is making the argument that
         | NO storage technologies will be good enough, not that just Li-
         | ion batteries won't be good enough.
         | 
         | There are thousands of different battery chemistries. It's an
         | extremely strong claim that all will fail. And there are
         | approaches beyond batteries that use only very common
         | materials. For example, pumped thermal storage, where a
         | reversible heat engine is used to separate heat and cold, then
         | regenerate the work consumed by running off that temperature
         | difference.
        
         | tuatoru wrote:
         | > We're probably short of copper.
         | 
         | While copper water pipes still have a market, I don't think we
         | can claim to be short of copper.
        
         | opportune wrote:
         | Green energy requires massive amounts of energy to produce. The
         | more we electrify vehicles and the more green energy in the
         | grid, the greener it becomes to produce green energy.
         | 
         | I agree we need more manufacturing outside of Asia/developing
         | countries, but the solution is definitely not to maintain the
         | status quo of dirty energy just because we can't make green
         | energy under 100% ideal circumstances
        
       | cryptonector wrote:
       | Access to power / energy is what wealth is all about today, and
       | has been for over 100 years.
       | 
       | However rapidly a "green energy transition" could possibly
       | happen, if it means reducing access to power / energy, then it
       | means a drop in standards of living. In some parts of the world
       | that means more than merely tightening the belt -- it can mean
       | real hunger, while in many others it might mean a return to
       | poverty, though perhaps not hunger. Moreover, people will
       | probably not accept a permanent (or permanent- _seeming_ )
       | reduction in standards of living.
        
         | [deleted]
        
         | TaylorAlexander wrote:
         | I'm not sold that this would happen. It seems to me the plan in
         | the US is to add green energy, and then slowly replace the
         | dirty energy with more green. I admit I am ignorant of the
         | plans of other nations, but from where I am sitting I don't see
         | any reason to believe there will ever be a reduction in
         | available energy.
        
           | [deleted]
        
       | GlenTheMachine wrote:
       | One thing I've not seen a decent discussion of is what industries
       | benefit from enormous amounts of almost free electricity? Other
       | than the manufacturers of wind, solar, etc systems, how does this
       | effect the economy?
       | 
       | Obviously that effect is going to be significant, but what
       | exactly does it look like?
        
         | pfdietz wrote:
         | Ultimately, any industry using process heat will benefit, by
         | using resistively heated thermal stores when power is cheap.
         | 
         | https://spectrum.ieee.org/could-storing-electricity-in-white...
         | 
         | https://rondo.com/
        
         | alexvoda wrote:
         | Aluminium production, desalination, and more
        
           | pfdietz wrote:
           | Aluminum production is a bit problematic, since aluminum pots
           | cannot be turned off too long without failing (either
           | freezing up or overheating the walls).
        
           | alexvoda wrote:
           | Eventually synthetic fuel will become economically viable.
        
         | mabbo wrote:
         | I think it will be important as we transition to EVs to have
         | more energy available.
         | 
         | In Ontario, the typical family home uses something like 750
         | kWh/month on average. If you estimate 5km/kWh (roughly right?),
         | and presume a car is driving something like 1000 km/month,
         | that's an extra 200 kWh/month needed, about a 25% increase.
         | 
         | But in the less developed parts of the world, a car might just
         | be a much larger component of personal energy use- perhaps most
         | of it.
        
           | martythemaniak wrote:
           | Hydro is very hourly. During peak times, we use about 2x the
           | electricity used at night. The grid is built for the peak.
           | 
           | Thus, as long as people don't charge during the absolute peak
           | (about 2hrs a day) there's no capacity issue at all.
        
         | mistrial9 wrote:
         | it looks like most cities in the world -- excessive, 24-hour,
         | advertising and safety with electricity.. the external costs of
         | everything fossil-fuel are not at all inline with the reality
         | of what is happening with Climate now
        
         | pydry wrote:
         | In the UK it already means all the electric car drivers program
         | their cars to charge when it gets really windy (or did).
         | 
         | Once grids implement a sane variable pricing system and manage
         | transmission capacity properly electricity prices are unlikely
         | to go zero or negative.
         | 
         | EVs alone will probably soak up excess demand (& contribute
         | back when pumped storage starts running dry).
        
       | cassepipe wrote:
       | If you can suffer the french accent, I believe Jean-Marc
       | Jancovici is making some good points about this issue :
       | https://www.youtube.com/watch?v=s254IPHXgVA
        
       | FunnyBadger wrote:
       | Complete BS.
       | 
       | Green Energy has radically lower thermodynamic efficiency and
       | energy density than ANY other currently used energy source
       | (especially fossil and nuclear). These two qualities of an energy
       | source have a direct relationship to economic efficiency and
       | utility. Economics and Energy are 1:1 causal - economic growth
       | ONLY occurs with energy growth. Lowering the quality of energy
       | means lowering economic productivity, efficiency and activity.
       | 
       | When they say it will result in "trillions of net savings", this
       | is PRECISELY the same as saying that you can increase profits by
       | driving all costs to zero. It's either fraud or ignorance to
       | claim such a thing.
        
         | pfdietz wrote:
         | Ah, the energy density canard. It's becoming a dog whistle for
         | identifying people who don't know what they're talking about.
         | 
         | Energy density doesn't matter; cost does. It's possible to have
         | a high energy density and a high cost -- for example, nuclear
         | fission.
        
         | boxed wrote:
         | The thermodynamics and energy density is irrelevant. The
         | external costs of fossil fuels in a scenario without a green
         | transition is so enormous that it can literally crash the
         | current civilization. That means the net savings could also in
         | the worst case scenario be the entire world economy plus all
         | future growth for thousands or even more years.
        
         | tucosan wrote:
         | No. Fossil fuels may be more energy dense But they need to be
         | extracted, refined, transported and warehoused. The costs of
         | greenhouse gas emissions through their environmental side
         | effects are not even part of that calculation.
         | 
         | In the meantime, a wind turbine keeps generating energy as long
         | a there is wind. We can't deplete wind or ocean waves as a
         | resource.
         | 
         | The more we invest in renewable energy, the more efficient per
         | follar speny it becomes.
        
           | samatman wrote:
           | I downvoted because the first paragraph is dead wrong and
           | needs correcting.
           | 
           | Carbon accounting for fossil fuels absolutely includes
           | extraction, refinement, and transportation costs. Saying that
           | it doesn't undermines everything else you say, because this
           | is easily checked.
        
       | Bostonian wrote:
       | Critiqued at
       | https://www.manhattancontrarian.com/blog/2022-9-16-cost-of-t... .
       | 
       | '[H]ere are what I believe to be the main problems with the work:
       | 
       | The principal driver of the whole thing is a forecast of rapid
       | and continuous declines in the cost of wind turbines, solar
       | panels and batteries. The assumption is that costs of these
       | things will continue to decline exponentially without limit
       | indefinitely into the future. From the "Results" section: "We
       | know of no empirical evidence supporting floor costs and do not
       | impose them . . . " Of the three technologies at issue (wind,
       | solar, and batteries), the one I know the most about is
       | batteries. Here is the Way, et al., chart of price history of
       | batteries and the projection they use for the future:
       | 
       | ...
       | 
       | As to continuing rapid declines in the prices of wind turbines
       | and solar panels, I'll believe it when I see it. Yes there have
       | been substantial declines to date. But at this point these strike
       | me as mature technologies. The main issues in getting them built
       | and operational are mining and processing huge quantities of
       | metals and minerals, forming the metals and minerals into the
       | devices, transporting the (very large and heavy) devices to their
       | sites, and installing them. How are those things going to get
       | cheaper by any substantial amount, let alone another order of
       | magnitude?
       | 
       | The treatment of the energy storage problem in this paper is
       | wholly inadequate, and bordering on the fantastical. The cost
       | fantasies as to short-term storage are discussed above. As to
       | longer term storage, from the Supplemental Information, pages
       | 38-45, it appears that the proposed solution is almost entirely
       | hydrogen, supposedly to be produced by electrolysis from water.
       | (Here, they mostly.call the proposed storage medium "P2X fuels,"
       | somehow implying that it might be something other than hydrogen,
       | much like with New York and its "DEFR" fantasy.). There is
       | currently essentially no existing prototype or demonstration
       | project of this so-called "green hydrogen" anywhere in the world
       | from which realistic cost projections can be derived. (From the
       | 2022 JP Morgan Asset Management Annual Energy Paper, page 39:
       | "Current green hydrogen production is negligible. . . ."). Way,
       | et al., do cite some costs of existing electrolyzers, but I can
       | find no discussion in the paper of the issue that producing
       | hydrogen on a scale sufficient to back up the entire world
       | electricity system is going to require electrolyzing the ocean.
       | And the millions of tons of toxic chlorine gas thereby produced
       | are going to go -- where? The problems of dealing with enormous
       | amounts of hydrogen -- like explosiveness, embrittlement of
       | pipelines, and the like -- are dealt with with a wave of the
       | hand. The creation of a massive green hydrogen infrastructure as
       | the backup for wind and sun hasn't even been begun by the most
       | fanatical of the green energy crazies like Germany, California or
       | New York. They take one look at the real costs and balk.'
        
         | pydry wrote:
         | I see his comments section had to explain what pumped hydro was
         | to him.
        
         | clairity wrote:
         | storage (and grid stability in general) is always the crucial
         | achilles heel to renewables and it's always handwaved away with
         | fantastical arguments positioned squarely against nuclear
         | (here, springing up a whole global hydrogen economy out of
         | nowhere). it's frustrating to see so much needless internecine
         | fighting when nuclear plus renewables is the most viable answer
         | we have right now to a fossil fuel free future. we need to be
         | laser-focused on removing coal from our energy present, let
         | alone our energy future.
         | 
         | coal is _still_ nearly 30% of the electricity generation in the
         | US (and 11% of total energy consumption). if we 'd just kept
         | building nuclear like we had between the 70s-90s, we'd be coal-
         | free right now (other than that the bit used by industry, which
         | is about 10% of the total coal use, and 1% of total energy
         | consumption).
        
           | kortex wrote:
           | Not to mention, most of the big problems facing us now can be
           | reduced to an energy problem, given low enough energy costs.
           | From desalination, to carbon sequestration, to cement, to
           | production of hydrogen and carbon-neutral liquid fuels, to
           | ammonia production, to even peak phosphorus, at some kWh
           | price point all of these just become "throw electricity at
           | it". Excess energy can always be used (in theory). Renewables
           | plus storage still means cost per kWh increase at certain
           | times or conditions.
           | 
           | We need every fossil fuel plant around the world offline
           | _yesterday_ , and every coal plant offline 50 years ago. The
           | anti-nuclear sentiment really is a shame.
        
           | pfdietz wrote:
           | The phrase "Achilles Heel" implies it's a fatal, unsolvable
           | problem. But the cost of dealing with intermittency of
           | renewables is looking like it's not bad, especially if one
           | takes into account all the ways it could be dealt with (like
           | thermal/cold storage out at the edge of the grid.)
        
           | lanstin wrote:
           | https://www.scientificamerican.com/article/how-california-
           | ke... we are already getting gigawatts from batteries.
           | 
           | And what do you make of the argument that nuclear takes too
           | long to ramp up construction? I mean Biden's infra
           | legislation does include support for nuclear and California
           | just decided to keep open its last plant, but the
           | solar/batteries combo is so cheap, easy, safe and
           | decentralized (which a lot of the California libertarians
           | like) that nuclear can't compete really.
        
         | ZeroGravitas wrote:
         | That's a very poor critique, as the URL, the title and the
         | first sentence would suggest. Bad even by the low standards of
         | these things generally.
         | 
         | edit: Turns out the author runs a climate change denial think
         | tank:
         | 
         | https://www.desmog.com/global-warming-policy-foundation/
         | 
         | and has been talking nonsense on this topic for over a decade:
         | 
         | > During a question and answer period following the debate, a
         | question from the audience nearly left Menton stammering. What
         | plausible alternative explanations, he was asked, account for
         | the obvious warming trend shown in actual temperature
         | measurements since the nineteenth century? Menton's initial
         | response was ridiculous, consisting of but one word: "Clouds."
         | After an uncomfortable silence ensued, Menton continued:
         | "Cosmic rays. Nobody knows what's causing it."
         | 
         | https://skepticalinquirer.org/exclusive/climate-science-on-t...
         | 
         | further edit: topical bit of info about one of the billionaires
         | anonymously funding this "charity":
         | 
         | > Hintze is also chairman of the board of trustees for the
         | Prince's Foundation for Building Community , to which he has
         | donated PS683,954 in recent years. In 2009, Hintze received The
         | Prince of Wales Medal for Arts Philanthropy from Prince
         | Charles, who has been a vocal critic of climate sceptics.
         | 
         | > In 2010 during a speech at St James' Palace, the prince said
         | climate sceptics were peddling "pseudo science". In a speech at
         | the European Parliament a year ago , the prince said climate
         | sceptics were having a "corrosive effect" on public opinion and
         | were playing a "reckless game of roulette" with the future of
         | the planet. Last December, Hintze replaced Hylton as his
         | charity adviser with Major William Mackinlay, Prince Charles's
         | former equerry.
         | 
         | Worth noting that the Hylton fellow mentioned was ousted as
         | part of a political scandal mentioned further up this article:
         | 
         | https://web.archive.org/web/20150817181047/http://www.thegua...
        
           | TigeriusKirk wrote:
           | OK. But what about the idea that renewable energy costs have
           | no floor?
        
             | addicted wrote:
             | That's not the claim in the article.
             | 
             | From the article:
             | 
             | > For example, as shown in Figure 3B, past floor costs used
             | in IAMs have already repeatedly been violated. We know of
             | no empirical evidence supporting floor costs and do not
             | impose them (see Document S1 section "The use of floor
             | costs in endogenous technological learning models").
             | 
             | So there is no claim that there will not be a floor. Just
             | that the floor costs have been wrong for decades, and
             | imposing them has led to extremely wrong predictions. So
             | including them in an analysis is likely to again mislead
             | rather than help.
             | 
             | Also, there's a whole bunch of discussion about not using
             | floor costs. So the "critique" is not much of a critique
             | since it does not engage with the actual claims being made
             | and the detailed explanations justifying those choices.
        
               | TigeriusKirk wrote:
               | I'm not seeing this as a distinction that makes any
               | difference in the criticism.
        
               | addicted wrote:
               | So you think it's better to include a factor that is
               | unknowable and whose inclusion has consistently led to
               | wrong analysis when the exclusion of that factor would
               | have historically led to better results?
        
               | TigeriusKirk wrote:
               | I think it's better to make an estimate than to assume
               | the decrease will continue indefinitely, yes. I do think
               | that.
        
             | pfdietz wrote:
             | If we assume historical experience curves continue, that
             | means there is no floor, except in the sense that costs are
             | still nonzero when renewables reach 100% of the world
             | energy supply.
             | 
             | In that vein, expanding solar to supply the entire world
             | will (on the historical experience curve) reduce module
             | prices by another factor of ~4. Costs will continue to
             | decline after that as modules are replaced, but that's an
             | ever decelerating process that approaches, but never
             | reaches, zero.
        
             | [deleted]
        
         | lukeschlather wrote:
         | > producing hydrogen on a scale sufficient to back up the
         | entire world electricity system is going to require
         | electrolyzing the ocean
         | 
         | This statement seems false unless you take it to somewhat
         | tautologically mean that electrolysis could use seawater as an
         | input. The quantity of water in the ocean is vast, we could
         | remove enough hydrogen to store 5 years of world energy usage
         | and that would still be a tiny fraction of the water in the
         | ocean. Less than 0.0001%, probably less than that.
         | 
         | * Liquid water in the ocean 1.37e21 kg * Roughly 1.37e20kg of
         | hydrogen * Roughly 120 MJ of hydrogen/kg * Annual energy usage
         | is 5.387e14 MJ * So we require roughly 4.489e12 kg of hydrogen,
         | or 0.00000003% of the hydrogen in the ocean.
         | 
         | I feel like most of the "real costs" of green hydrogen are
         | overstated. There don't seem to be any actual impediments. It's
         | true that current prices are high but hydrogen electrolysis
         | presently costs maybe 5-7x what natural gas does for unit
         | energy. This is expensive but economies of scale have to at
         | least cut that in half if we did it at scale and it's very much
         | within reach. (And it seems plausible that economies of scale
         | cut it down even further.) Yes, people are balking but that's
         | why we need to just subsidize it until costs come down.
        
       | tomohawk wrote:
       | I'm willing to let the EU place their bet on this, and be the 2nd
       | mover instead of the first one.
       | 
       | Early bird may get the worm, but the 2nd mouse gets the cheese.
        
       | bushbaba wrote:
       | Also much more consistent and predictable energy prices which
       | will be huge.
        
       | pydry wrote:
       | Only for solar/wind/pumped storage/biomass though.
       | 
       | Not for nuclear power:
       | 
       | >We constructed an additional scenario in which nuclear plays a
       | dominant role in replacing fossil fuels, but this is _much more
       | expensive than the other scenarios_. For example, using a 1.4%
       | discount rate, the expected NPC is about $25 trillion more than
       | for the No Transition scenario.
        
       | lnsru wrote:
       | I am just curious about manufacturing capacity of these green
       | energy gadgets in Western World. When I look at the parts for my
       | solar installation everything is made in Asia. My system is
       | rather simple: 4-6 panels each ~400 Wp and stupid single phase
       | inverter. That battery production isn't a thing in the West is
       | already well known fact. In my eyes this green energy transition
       | totally depends on factories in Asia. And builds strong
       | dependence since nothing can be made domestically (at least no
       | mainstream solar panels/electronics in Germany).
        
         | Animats wrote:
         | > That battery production isn't a thing in the West is already
         | well known fact.
         | 
         | Er, no. 13 large new battery factories are expected to come
         | online in the US in the next 3 years.[1] General Motors is
         | building four. Ford is building three. SK Innovations is
         | building two. Stellantis (Fiat, Chrysler, etc.) is building
         | two. Volkswagen and Toyota are building one each. This doesn't
         | include Tesla, which isn't saying. China's ambassador to the
         | United States is now complaining about the US cutting China out
         | of the battery supply chain.[2]
         | 
         | [1] https://oilprice.com/Energy/Energy-General/US-Ramps-Up-
         | Batte... [2]
         | https://www.bloomberg.com/news/articles/2022-09-15/china-s-e...
        
         | micromacrofoot wrote:
         | yeah that and pretty much every computer in the world
        
           | Gare wrote:
           | But the machines that make "computers" are designed and
           | produced in Europe:
           | https://en.wikipedia.org/wiki/ASML_Holding
           | 
           | If you know how to make the tool, you probably know how to
           | make the product.
        
         | kbenson wrote:
         | Battery production capacity is becoming more decentralized, as
         | countries with large production capabilities stay somewhat
         | stagnant but other countries build factories. China's
         | percentage of world battery production is expected to drop over
         | the next few years while most other countries are expected to
         | increase production capacity.[1] See Tesla's investment in the
         | gigafactory or Panasonic's investment in battery manufacturing
         | in Kansas for examples of this happening. Germany specifically,
         | since you mention it, is expected to surge quite a bit in the
         | global battery market.
         | 
         | 1: https://www.statista.com/statistics/1249871/share-of-the-
         | glo...
         | 
         | P.S. I suggest opening the statista link in a private tab, I
         | just noticed the second time you visit it you are paywall
         | blocked.
        
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