2 ms·

I had no idea it had reached US$ 1tn Capex, that's an insane amount of money. That's 1/62th of what a Stanford study said would take to move the whole global po

by piva00 2y ago

I had no idea it had reached US$ 1tn Capex, that's an insane amount of money. That's 1/62th of what a Stanford study said would take to move the whole global population completely away from fossil fuels for our energy demands...

anonyfox 2y ago
if you want to achieve some greater good, capitalism is not the ideal model to begin with. it creates a lot of wealth, but needs strong external forces to not only focus on profits or destroy everything in the process.
- ryan93 2y ago
  Feel free to move the the countries with few if any successful capitalists(e.g. Chad, South Sudan)
  - piva00 2y ago
    Maybe we should consider something post-capitalism then. This rhetoric of "There's No Alternative" repeated ad nauseam on HN is very unimaginative. This system has no imbued morals or ethics, and the more we try to imbue some to it the more it fights back (again, the ad nauseam "less regulation" repeated over here). We need a new system that evolves this bullshit into something more humane. It's not like the USA with its hypercapitalism, and absurdly immense wealth has achieved the greatest utopia on Earth so we kinda know capitalism is not the final answer.
- dvfjsdhgfv 2y ago
  I believe Europe in general is the closest to that ideal. You have enough money to live comfortably and relatively strong guardrails in place to prevent greedy corporations from poisoning you in various ways etc.
hyperbovine 2y ago
But can clean energy rewrite War and Peace in the style of a Green Day song?
- artur_makly 2y ago
  this comment made my day.thnx
veqq 2y ago
I wish! Green energy already sees nearly $2 trillion in yearly capex: https://www.iea.org/reports/world-energy-investment-2023/overview-and-key-findings https://www.iea.org/reports/world-energy-investment-2023/ove... Total previous green investments are $8-10 trillion, while fossil fuel consumption's not gone down (fossil fuel investment is falling, though.) That Stanford study undercounts and presumes a massive increase in storage. If really dig in, our current renewable layout focuses on the low hanging fruit, but storing solar energy till the night time or a different part of the year is infeasible (look into "duck curves") and currently done by burning natural gas. Current storage production is up a full magnitude, but we need multiple further magnitudes more to do a full transition. The increase in transmission lines alone is more than all known copper (mined and unmined).

by piva00 2y ago

anonyfox 2y ago

if you want to achieve some greater good, capitalism is not the ideal model to begin with. it creates a lot of wealth, but needs strong external forces to not only focus on profits or destroy everything in the process.

ryan93 2y ago
Feel free to move the the countries with few if any successful capitalists(e.g. Chad, South Sudan)
- piva00 2y ago
  Maybe we should consider something post-capitalism then. This rhetoric of "There's No Alternative" repeated ad nauseam on HN is very unimaginative. This system has no imbued morals or ethics, and the more we try to imbue some to it the more it fights back (again, the ad nauseam "less regulation" repeated over here). We need a new system that evolves this bullshit into something more humane. It's not like the USA with its hypercapitalism, and absurdly immense wealth has achieved the greatest utopia on Earth so we kinda know capitalism is not the final answer.
dvfjsdhgfv 2y ago
I believe Europe in general is the closest to that ideal. You have enough money to live comfortably and relatively strong guardrails in place to prevent greedy corporations from poisoning you in various ways etc.

hyperbovine 2y ago

But can clean energy rewrite War and Peace in the style of a Green Day song?

artur_makly 2y ago
this comment made my day.thnx

veqq 2y ago

I wish! Green energy already sees nearly $2 trillion in yearly capex: https://www.iea.org/reports/world-energy-investment-2023/overview-and-key-findings https://www.iea.org/reports/world-energy-investment-2023/ove... Total previous green investments are $8-10 trillion, while fossil fuel consumption's not gone down (fossil fuel investment is falling, though.) That Stanford study undercounts and presumes a massive increase in storage. If really dig in, our current renewable layout focuses on the low hanging fruit, but storing solar energy till the night time or a different part of the year is infeasible (look into "duck curves") and currently done by burning natural gas. Current storage production is up a full magnitude, but we need multiple further magnitudes more to do a full transition. The increase in transmission lines alone is more than all known copper (mined and unmined).