The green electricity network is not happening

The green electricity network is not happening

Updated October 19, 2023 at 8:12 p.m. ET

The International Energy Agency said this week that 49.7 million kilometers of transmission lines – enough to circle the planet 2,000 times – will need to be built or replaced by 2040 to reach the climate lobby’s net zero emissions target. This amounts to a plan to have everyone buy more metals from coal-fired power plants in China.

According to the IEA report, grid investments are needed to deliver more renewable energy “as the world deploys more electric vehicles, installs more electric heating and cooling systems, and increases electricity production.” hydrogen by electrolysis. According to his estimates, the world will have to spend $600 billion per year to modernize the network by 2030.

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With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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