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Plug Them In-E is for Electrify Everything!
Jay Candee
Created on November 20, 2024
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Transcript
"E: is for Electrify Everything"
Impacting Our Future!
The rapidly falling price of renewables makes it possible to imagine a not too distant future in which the U.S., indeed the world, generates all its electricity emissions free.
"Plug Them in!"
What's Happening Now?
As of 2023, only a combined 30.23% of the world’s energy is produced by electrical means. That percentage consists of hydropower (14.28%), wind (7.28%), solar (5.53%), and bioenergy including other renewables (2.60%).
Check This Out!
In many parts of the world, it’s now cheaper to put up turbines than it is to operate an existing power plant that burns natural gas. The price of solar power, meanwhile, has declined even more spectacularly. Since 2010, it’s dropped by more than eighty percent. According to the International Energy Agency, solar power now offers “some of the lowest cost electricity ever seen.”
Next Steps!
And, once it’s possible to imagine a carbon free grid, all sorts of other opportunities open up. Substitute electric motors for internal combustion engines and cars, too, can run emissions free. The same goes for trucks and buses, ferries and forklifts!
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