April 2, 2013 By Lewis Milford, President, CEG
Charting a Course for Clean Energy
When we’re talking about climate stabilization over the long term, we’re talking about a balancing act: how to scale up zero and low-carbon emission energy sources and how to scale down the use of high-carbon emission sources used today. To think that by 2050 we’ll have a global energy system producing basically zero greenhouse gas emissions seems almost unimaginable. But that’s what we’ll need in order to start bending the carbon curve over the long run so that the earth remains habitable for our descendants. It’s an extraordinary transition we’ll need to go through.The fossil fuels that currently dominate the energy system are considerably less expensive than their renewable counterparts. And thanks to hydraulic fracturing, or fracking, natural gas is getting even cheaper. The controversial practice has made the commodity so inexpensive and plentiful that it’s displacing coal and nuclear power as America’s primary energy source.In other words, the main challenge we ... Read the Full Post »
