more resilience to crises and geopolitical conflicts, and likely lower prices

The infrastructure and supply chains of a new green world are being built, but they are still extremely concentrated. Changing this trend could mean more democratic governance, more resilience to crises and geopolitical conflicts, and likely lower prices. 

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The clean energy transition has a mountain to climb. Contrary to past energy transitions, we now not only have to add to an energy mix to meet growing demand but have to meet this demand while also phasing out fossil sources. Energy demand is set to increase by nearly 50% in 2050 (compared to 2020) according to America’s Energy Information Administration. I think this forecast is a lowball. McKinsey & Co reckons a tripling by 2050 which I suspect is directionally more accurate. Major drivers of this transition are the declining energy costs of from clean sources (which depend on technological innovation, learning and sufficient supply), and increasingly, concerns about energy security. 

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Coal, oil and Nautural Gas which is 3/4 of the energy produced needs a radical change to get that energy before the transition.  We need to extend Biomass, include more hydro and thermal renewables to the mix.  We also need to reduce the energy consumption of existing electrical products by managing lights, standby mechanisms and revisit circuit diagrams to limit usage.

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