Numbers Don’t Lie
it should be obvious that displacing and replacing such a mass is not something best handled by government targets for years ending in zero or five. Both the high relative share and the scale of our dependence on fossil carbon make any rapid substitutions impossible: this is not a biased personal impression stemming from a poor understanding of the
... See moreVaclav Smil • How the World Really Works: The Science Behind How We Got Here and Where We're Going
The narrative today is, overwhelmingly: crypto mining (specifically: Proof-of-Work mining for Bitcoin and Ethereum) is a dangerously large consumer of energy. Where I expect the narrative to move to over time is: crypto mining is driving the energy transition from fossil fuels to renewables.
Nick Grossman • Bitcoin as Battery – The Slow Hunch by Nick Grossman
Power prices are expected to soar under new tax cut and spending law
npr.org
In contrast to recent hasty political pledges, these realities have been recognized by all carefully considered long-term energy supply scenarios. The Stated Policies Scenario published by the International Energy Agency (IEA) in 2020 sees the share of fossil fuels declining from 80 percent of the total global demand in 2019 to 72 percent by 2040,
... See moreVaclav Smil • How the World Really Works: The Science Behind How We Got Here and Where We're Going
