Follow Slashdot stories on Twitter

 



Forgot your password?
typodupeerror
×
Earth Power

'The Clean Energy Future Is Arriving Faster Than You Think' (nytimes.com) 342

An anonymous reader shared this report from The New York Times: More than $1.7 trillion worldwide is expected to be invested in technologies such as wind, solar power, electric vehicles and batteries globally this year, according to the International Energy Agency, compared with just over $1 trillion in fossil fuels. That is by far the most ever spent on clean energy in a year. Those investments are driving explosive growth. China, which already leads the world in the sheer amount of electricity produced by wind and solar power, is expected to double its capacity by 2025, five years ahead of schedule. In Britain, roughly one-third of electricity is generated by wind, solar and hydropower. And in the United States, 23 percent of electricity is expected to come from renewable sources this year, up 10 percentage points from a decade ago... [F]rom Beijing to London, Tokyo to Washington, Oslo to Dubai, the energy transition is undeniably racing ahead...

[C]lean energy became cheap far faster than anyone expected. Since 2009, the cost of solar power has plunged by 83 percent, while the cost of producing wind power has fallen by more than half. The price of lithium-ion battery cells fell 97 percent over the past three decades. Today, solar and wind power are the least expensive new sources of electricity in many markets, generating 12 percent of global electricity and rising... The rapid drop in costs for solar energy, wind power and batteries can be traced to early government investment and steady improvements over time by hundreds of researchers, engineers and entrepreneurs around the world. "The world has produced nearly three billion solar panels at this point, and every one of those has been an opportunity for people to try to improve the process," said Gregory Nemet, a solar power expert at the University of Wisconsin-Madison. "And all of those incremental improvements add up to something very dramatic." An equally potent force, along with the technological advances, has been an influx of money — in particular, a gusher since 2020 of government subsidies...

In the United States, President Biden signed a trio of laws during his first two years in office that allocated unprecedented funds for clean energy: A $1 trillion bipartisan infrastructure law provided money to enhance the power grid, buy electric buses for schools and build a national network of electric vehicle chargers... Combined, the three laws have prompted companies to announce at least $230 billion in manufacturing investments so far... The U.S. solar industry installed a record 6.1 gigawatts of capacity in the first quarter of 2023, a 47 percent increase over the same period last year. And those low costs have led many of the United States' biggest corporations, such as Alphabet, Amazon and General Motors, to purchase large amounts of wind and solar power...

This discussion has been archived. No new comments can be posted.

'The Clean Energy Future Is Arriving Faster Than You Think'

Comments Filter:
  • And yet no progress (Score:5, Informative)

    by RemindMeLater ( 7146661 ) on Monday August 14, 2023 @06:56AM (#63765482)

    Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical Review of World Energy report said on Monday.

    https://www.reuters.com/busine... [reuters.com]

    • by DevsVult ( 207779 ) <.ac.suoicilatcarf. .ta. .mada.> on Monday August 14, 2023 @07:01AM (#63765490) Homepage
      Oil and natural gas extraction require continual investments to maintain the same level of output, and fracked shale wells' output in particular declines in just a few years; so a billion invested in wind or solar has a longer-term impact than that billion invested in oil and gas.
    • by PastTense ( 150947 ) on Monday August 14, 2023 @07:27AM (#63765560)

      The bottom line measure is how much carbon is being dumped into the atmosphere every year. And the data shows that every year more carbon is being dumped into the atmosphere than the previous year [with an exception for the Covid recession]. If the world was making progress then the number would be going down.

      • Pretty much. It's hard not to feel like we've dug our grave deeper than we can climb out at this point. And "net zero" is nothing more than an academic concept. A country like Russia, with 200M people, has zero plans to cut emissions for the foreseeable decades. They will lean more and more on their petroleum industry as it's all they have.

        Unless a truly miracle technology is invented for carbon extraction (where you put billions of tons captured gas is another question) then I don't expect the Keelin
        • To the contrary, Russia has a goal of zero emissions by 2060. Like everyone else, they only have a vague plan for actually getting there. Most of the plans are little more than window dressing on business as usual. We talk about climate change as a crisis and are approaching it as if it is a distant possibility that can be managed without any sacrifice, Electric cars are a great example. They are the future, but it is a distant future. The immediate impact of accelerating adoption of long range electric
        • Well hopefully with any luck we won't have to worry about russia for much longer.

          Actually developed countries have been actually pretty successful reducing carbon emissions in absolute, per capita and per-gdp terms, e.g. France halved it from the peak in the 70s despite the economy and population steadily growing:
          https://www.statista.com/stati... [statista.com]

          The first big decline was during the Messmer nuclearization plan (so that's a good preview) then no progress until climate change started to be taken seriously. Tra

        • by Chas ( 5144 )

          People have been saying this for a couple decades now.
          If we don't have total buy-in across the planet, we're just pissing in the wind.
          Because the non-compliant entities are like a fat kid in a diet camp.
          You can diet as hard as you want.
          If the fat kid eats his meal, plus all the stuff you didn't? Is there a real difference?

      • Not when we continually outsource the "dirty jobs" to third world countries. The rolling global economy ensures that production will be sent to whoever can do it cheapest.

      • by AmiMoJo ( 196126 ) on Monday August 14, 2023 @09:32AM (#63765952) Homepage Journal

        Remember that the majority of the world is still developing. You have 1.4 billion Chinese, 1.4 billion Indians, over 400 million in South America...

        Europe, the US, and Japan only account for about a billion.

        Most of the world's population is expecting to have the same quality of life as us in the future, and racing as fast as they can towards it. So emissions are going to keep increasing for a while, and that is factored into all the modelling.

        The good news is that China agreed some aggressive targets at Paris, and is actually about 5 years ahead of where it said it would be. Emissions are still rising, but due to peak early and then start falling like they are in the West. India is not doing so well, so we need to keep up both the pressure and the assistance.

    • Well no correction of the trend, but very much progress. Imagine what that 1% energy demand increase would mean if we weren't already investing in green energy. The fact that we are increasing our energy consumption while not generating the same historical increase in emissions is very much progress.

    • by AmiMoJo ( 196126 )

      Renewable capacity is growing exponentially. Your data suggests it reached the point where it is at least equalling the growth of fossil fuel generation last year, so this year it should exceed it, and the percentage of fossil fuels should start to fall increasingly quickly.

      • When I see "sustainable" production freed from the current massive levels of subsidies, and hence genuinely sustainable, then I will be very interested in watching its long-term growth.

        I will be very happy if/when it replaces most of the need for fossil fuels, not just for the super-rich and super-subsidized, but for the other 99.99% of the rest of us.

  • by atomicalgebra ( 4566883 ) on Monday August 14, 2023 @07:15AM (#63765524)

    Nuclear energy is the lynchpin of any climate change plan. We will fail without it. Build plenty of solar panels and wind turbines, but also build a nuclear baseload.

    Lot of places are doing just that. Sweden just announced plans to build 10 reactors. Canada announced plans to build 6000 MW's of new nuclear. China announced plans for 150 reactors. The list goes on and on. There are a dozens of companies building SMR's including NuScale, X-Energy, Terrapower, GE-Hitachi, Rolls-Royce, etc.

    By the way we learned this week that the antinuclear movement has an annual budget of at least 2.3 billion in just the United States. Who benefits from that? Well the fossil fuel industry of course.

    • An increasingly likely future is that humanity installs two or three times its current generation capacity worth of solar and wind to cope with intermittency, and enjoys electricity costs near or below zero most of the time. As present energy industry business models don't make sense in this future, generation will increasingly be owned by the industries that benefit from cheap power. E.g. Apple and Alphabet building out renewable generation for their own use. The excess power that will be available 95%
      • by atomicalgebra ( 4566883 ) on Monday August 14, 2023 @08:35AM (#63765716)

        Without nuclear when the sun isn't shining and the wind isn't blowing we will be burning fossil fuels. And those fossil fuels will charge peaking prices offsetting any savings from cheap intermittent sources. See Germany.

        Apple and Alphabet building out renewable

        They are greenwashing. Make no mistakes both of those companies run with fossil fuels.

        • Re: (Score:2, Insightful)

          by AmiMoJo ( 196126 )

          If having energy available locally was some kind of limitation we wouldn't be dependent on fossil fuels. Lots of places don't have oil, or gas, or coal. We move vast quantities of them around.

          The wind is always blowing somewhere. It's never stopped in all of recorded history, or during pre-history as far as we can tell. Same with the sun. It's always shining somewhere.

          • Then maybe you should include the construction cost and time for building a HVDC supergrid into every statement about renewables being cheap.

            What's easier - placing new nuclear reactors at old coal sites, or building a HVDC supergrid?

            • by AmiMoJo ( 196126 )

              You don't need the grid to start enjoying cheap energy, what we have is already able to do that. The grid upgrades are to push the percentage of renewable energy well above 90%, and to reduce periods of extremely low, even negative, prices.

              • So in other words energy is only locally available currently. Electrical transmission on a scale required for high renewables does not exist. That means we need new nuclear in order to decarbonize the world.

                What's easier - placing new nuclear reactors at old coal sites, or building a HVDC supergrid?

        • by drolli ( 522659 )

          You for sure can supply us with a link to the market data which somehow supports your claim.

      • An increasingly likely future is that humanity installs two or three times its current generation capacity worth of solar and wind to cope with intermittency, and enjoys electricity costs near or below zero most of the time.

        This is Utopian nonsense. A wish-dream that cannot come true. Star Trek replicator-stuff.

    • I agree in principle and one of the biggest fanboys here. But I do wonder if we haven't fucked up the industry to the point where it's not really capable of building anything properly.

      Why would Sweden be building 10 reactors though? Their grid is almost entirely carbon free already (hydro/nuclear/win).

      • Because Sweden wants to tackle the next problem, transportation. The way to decarbonize transportation is electrification, and that requires significantly more clean electricity.
        • Not that much more though, I think the Engineering Explained guy did the math for the US and it would be about a 20% increase in total electricity required. I did some rough math and it would be about 75GWh/day as an absolute top-end estimate (every person including babies driving 50km/day). That's just 3GW continuously, realistically more like 1.5 or less extra or even less since you could charge them during off-peak hours with existing generation capacity.

          Maybe it's more about electrifying heating or indu

    • By the way we learned this week that the antinuclear movement has an annual budget of at least 2.3 billion in just the United States. Who benefits from that? Well the fossil fuel industry of course.

      Hmmmmm... I looked up the 2.3 billion antinuclear movement budget you were mentioned, and it looks like you're talking about this [capitalresearch.org].

      The article lists the specific groups it includes for the $2.3 billion estimate, which is great. Still, the whole premise sounds a bit misleading. In the beginning he's saying, "Th

      • Pretty sure they went out of their way to make a conservative estimate. Which means the real figure is likely higher.
    • Nuclear energy is the lynchpin of any climate change plan. We will fail without it.

      No. Nuclear energy is the lynchpin of a stable grid. It can do nothing at all to help achieve our climate change plans because we won't be able to get a single nuclear power plant built in any meaningful timeframe relevant to our climate change plans, and in fact nuclear power remains carbon negative compared to fossil fuels for the first several years of operation due to construction related emissions, so even if we could build one in e.g. 8 years it still will provide zero impact on any country's 2035 goa

      • nuclear power remains carbon negative compared to fossil fuels for the first several years of operation

        Yeah that's not true.

    • And yet, boneheaded Americans just walled off the largest and easiest to access uranium deposits in the country ostensibly to satisfy indigenous people.

    • How does a political movement get a $2.3 billion dollar yearly budget?

      Who is paying that?

    • by AmiMoJo ( 196126 )

      Nuclear is a non-starter in much of the world. They don't have the infrastructure to regulate it, to procure fuel, to dispose of fuel, to build it, or to operate it. You won't get very far telling everyone that they have to buy your reactors and allow in your inspectors to make sure they are used properly.

      Then there is the incredible cost. Energy for developing nations needs to be cheap. Heck, even for us in the West, it needs to be cheap.

      And finally you have proliferation. Telling North Korea to solve thei

  • So much dishonesty (Score:4, Insightful)

    by DarkOx ( 621550 ) on Monday August 14, 2023 @07:16AM (#63765530) Journal

    If solar etc was really so cheap there would be no need for a trillion dollars in tax money to get people to use it.

    The reality of this stuff is if not the energy itself the infrastructure needed to use it is a FANTASTICALLY expensive. It very much takes away from other priorities.

    Which is not an argument against doing it is just a reality - someone is paying, as usual its mostly the middle class, because that is who pays when government does anything. As usual the 1%ers accrue the most gains from it - because lets face when you own the means of production you are going to be top tier energy user.

    • new to the thinking around here.

    • A trillion? Get real. Nuclear is no stranger to handouts. https://www.energy.gov/article... [energy.gov]

    • by Junta ( 36770 ) on Monday August 14, 2023 @07:55AM (#63765624)

      It's more complicated.

      For big projects, capital outlay was also similarly very very expensive for other energy tech. An energy company largely serving an area with a 10 year old natural gas plant wouldn't want to spend money on *any* new generation, "green" or otherwise. They have to recoup the investment in that plant, which they may have planned to be 20 or 30 years. Part of the cost would be trying to accelerate replacement timelines. The natural gas plants are only affordable to operate due to the massive infrastructure of fuel distribution, which was also a massive expense.

      Another issue is externalized costs. For coal power plants, there's some cost penalty associated with the ash, but not nearly enough when they lose containment and toxic ash gets into the freshwater supplies in an area. For emissions, same for air quality, co2, and methane pollution. Either you tax those and people will cry foul, or you incentivize clean alternatives, and people cry foul.

      At the residential scale, it's not as efficient as grid scale, but even then, without subsidies, a solar array will more than pay for itself, eventually. The problem is the average household doesn't tend to think in terms of 'eventually', particularly since it might be 10 years before it pays for itself.

    • If solar etc was really so cheap there would be no need for a trillion dollars in tax money to get people to use it.
      When I go to the next shop here, to get a solar panel: then there is most certainly no "tax money" behind it. Neither in Germany, nor in Thailand, not sure about France - but I doubt it.

    • Take a look at the subsidies for fossil fuels and get back to me.
    • by drinkypoo ( 153816 ) <drink@hyperlogos.org> on Monday August 14, 2023 @08:50AM (#63765778) Homepage Journal

      "If solar etc was really so cheap there would be no need for a trillion dollars in tax money to get people to use it."

      You don't need to spend a single dollar to get people to USE solar "etc", they mostly neither know nor care about generation. All they know is that the lights either do or don't come on when they flip the switch.

      You also don't have to pay a single cent to get generation companies to INSTALL renewables. All you have to do is END FOSSIL FUEL SUBSIDIES.

      The power companies have turned this into the debate you think it should be (over subsidies for renewables) instead of the important debate (subsidies for fossil fuels) and you are here to help them. Why?

      • by swillden ( 191260 ) <shawn-ds@willden.org> on Monday August 14, 2023 @09:29AM (#63765940) Journal

        You also don't have to pay a single cent to get generation companies to INSTALL renewables. All you have to do is END FOSSIL FUEL SUBSIDIES.

        In case anyone is skeptical about whether fossil fuel subsidies are real:

        Here's [eesi.org] a 2019 paper that goes through the federal subsidies for coal, oil and natural gas in the US and concludes that they amount to $20B per year. That's federal only, and direct subsidies only.
        This study [iisd.org] finds that G20 governments give more than $580B annually in subsidies, including tax breaks
        Those are direct subsidies and tax breaks only, though. This study [yale.edu] looks at the question globally and holistically, including indirect subsidies such as healthcare for negative health impacts and the long term impact of global warming. It concludes that the world subsidizes fossil fuels to the tune of $5.9T annually.

        We should end all direct subsidies for fossil fuels, and enact carbon taxes and carbon tariffs to at least partially remove the indirect subsidies. If we did that, there would be no need whatsoever for renewable subsidies.

        • by ratbag ( 65209 )

          Just used up my mod points, can someone throw swillden a few Interesting and Insightfuls, please?

      • by DarkOx ( 621550 )

        I will back you 100% on ending fossil fuel subsidies. - Especially if that include the biggest subsidy of all ending our imperialist presence in oil producing regions.

        As long as you agree to do the same for solar/batter/ev technologies - including the biggest subsidy there - China's "Most Favored" status.

        This is really a debate about subsidies, at least not the way YOU think it is, its mostly about America last Democrats, undermining our economic independence for their private gain and in support of their t

    • by AmiMoJo ( 196126 )

      Wind and solar in Europe have reached the point where they don't need subsidies to be highly profitable. In fact the main issue in the UK is that the government won't hand out licences to build it fast enough, and has completely banned onshore wind and most solar farms.

      The reason why there are some subsidies available is mostly to help with up-front costs. For example, The Netherlands provides cheap loans to build offshore wind, paid back in the first few years of operation. The amounts are tiny compared to

  • by sonlas ( 10282912 ) on Monday August 14, 2023 @07:41AM (#63765586)

    Someone should tell Siemens Energy and its recently announced 2.4 billion loss for its wind turbine division [cnbc.com]. Or the Giant windfarm off Norfolk coast halted due to spiralling costs [theguardian.com]. Or all the other offshore wind farms projects plagued with rising costs and delays [nytimes.com].

    The reality is that we so far demonstrated that we could deploy renewables quite cheaply by spending fossil fuel to do so. Both for installation, and for manufacturing; not even talking about maintenance. And also for the gas plants needed as backup or for peaks. With fossil fuels becoming harder to extract, and consequently more expensive, it seems like a lot of country are not willing to bet their future on wind (or solar for that matter) only. Which is why most big countries (US, China) are betting on both nuclear and renewables for the future of their electricity grid.

    • Re: (Score:3, Insightful)

      by AmiMoJo ( 196126 )

      The articles all say the same thing. It's not that wind is unprofitable, far from it. It's that the technology is rapidly evolving which causes two issues:

      1. The manufacturers are releasing lots of new products, and not putting enough effort into quality control to avoid costly reworking.

      2. The wind farm developers have to make large up-front investments, which have short pay-back periods but cause short term cash flow problems.

      Coal and gas are very mature so don't have those issues. Nuclear should be matur

  • by Fons_de_spons ( 1311177 ) on Monday August 14, 2023 @07:42AM (#63765590)
    So much negativity... Depressing. Hang on I know a song that will cheer you up.

If you teach your children to like computers and to know how to gamble then they'll always be interested in something and won't come to no real harm.

Working...