In the most recent posts last year, I looked in some detail at what the energy costs of energy supply imply for global-scale transition from fossil fuels to (mostly) renewable energy (RE) sources. The modelling presented there highlighted the importance of taking a dynamic view of transition – rather than just looking at the start and end states. If we’re serious about identifying feasible transition pathways, this type of approach has an important role to play. It’s reassuring to see that more significant effort is starting to be made in this area.
One reason this has been slow to gain traction is the idea that renewable energy sources are so abundant as to be without practical limits. It’s a popular and compelling story, but unfortunately, also one that obscures as much as it reveals. Here, I’ll explain why, and set out the detailed case for why we are much better served by thinking in terms of the practically realisable potential for renewable energy, rather than the raw physical flows. At the heart of this is a basic insight, expressed in a simple aphorism: ‘each joule of energy is not equal’. Continue reading
For the past few months, I’ve focused the time available for Beyond this Brief Anomaly on background research and modelling aimed at testing more rigorously some of the conclusions towards which the inquiry has pointed so far. This has come at the cost of keeping things active here though. I’m planning to share some of the results of this work shortly. In the meantime, I was recently looking back over a piece of work on energy transition as a key economic trend that I did last year for a client. It occurred to me that it provides a remarkably good summary of the inquiry’s findings to date, and sets out many of the conclusions that I’ve been stress testing behind the scenes. The report below is a version of the original briefing paper revised slightly for a more general audience than the original. It was last updated in November 2014, but for the most part— save perhaps for updated global oil production data and the post-price plunge tight oil situation in the USA—it continues to be relevant today. Also, the brief comments in relation to battery storage may, to some readers at least, seem rather at odds with the popular view that has gained such a significant boost in recent months. More on that when I report on the background work I’ve been up to.
Download the report pdf.