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You're right, I did not compound the green energy (or, as you say, assumed parallel termination of dirty plants). It would work if the world could collectively
by H8crilA 6y ago
You're right, I did not compound the green energy (or, as you say, assumed parallel termination of dirty plants). It would work if the world could collectively put aside 5% of the energy budget. Not sure if that's realistic, and also will there be enough commodities (though those are at multi decade lows in prices right now), but if so it should work.
Let's see how the world looks like post covid, as we're very likely to experience a huge "energy recession". Something that would be similar to that 5% energy austerity rule.
- est31 6y agoWe have tons of unused capacity. Energy shortages would be indicated by high energy prices, but they are low. China had been building coal plants before actually having demand for them (creating a great place to mine BTC in the process), then expanded to build coal plants all over the world. The US is swamping international markets with fracking oil. In OPEC, the hate for each other still seems to be stronger than the desire to increase prices.