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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