Net-Zero 2050 has become a bit of a catchphrase, and while predictions about the speed of decarbonization vary, there are a number of technologies that are speeding it up
European and Australian labs think they can exceed 31% efficiency level in perovskite/tandem cells. They have been trying for years. Compare this to 15-20% efficiency for many cells in use. Photovoltaic solar output, which has grown 22% per year in the past five years, now accounts for about 5% of total US electric generation.
Some critics have argued that making these carbon-dioxide-reducing investments is daft from a business perspective. They depend on subsidies so they distort the market. They won’t earn their cost of capital. And, maybe so, but those objections are beside the point. Governments have splashed out the subsidies to change the trajectory of the market, and there are plenty of takers.
Fossil fuel lobbyists may have assured their clients that they have the politicians under control, so don’t worry. But politicians can neither control the technologists nor entrepreneurs that see opportunities ahead. Even worse for legacy interests, the economics of the new technologies guarantee that they will stay in the business, competing even if making the original investment was a big mistake. Decarbonization may come sooner than expected. Before 2050, that is.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Climate change is ‘here and now’, says Cambridge Zero DirectorWe spoke to Professor Emily Shuckburgh, a climate scientist and director of Cambridge Zero - Cambridge University's research unit which aims to offer responses to the climate crisis.
Læs mere »
'Excessively speeding' drivers reported after Sunday sting in NewportNine drivers were reported for excessive speed during a police operation near Newport on Sunday morning.
Læs mere »
Councillor slams cyclists riding “at breakneck speed” on pavement, as police officers increase patrols targeting people on bikes during road closuresCouncillor slams cyclists riding “at breakneck speed” on pavement, as police officers increase patrols targeting people on bikes during road closures The council says there have been “many reports of people being injured or near misses” cycling
Læs mere »
Tom Kohler-Cadmore's stunning catch seals Somerset's first T20 Blast title in 18 yearsTom Kohler-Cadmore produced one of the catches of 2023 to seal Somerset’s first T20 Blast title in 18 years. Somerset beat Essex by 14 runs in the final at Edgbaston on Saturday night, with N…
Læs mere »
Braves continue relentless pace as Matt Olson's grand slam fuels rout of White SoxThe Braves know that midseason stats and win-loss records mean nothing in the grand scheme of things. If it's World Series or bust, Atlanta picked up where it left off before the All-Star break. ✍️ DOBrienATL
Læs mere »