How Much Energy Will the World Need?
Are we heading toward an all-renewable energy future, spearheaded by wind and solar? Or are those energy sources wholly inadequate for the task? Mark Mills, Senior Fellow at the Manhattan Institute and author of The Cloud Revolution, compares the energy dream to the energy reality.
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Script:
We’re headed toward an exciting all-renewable energy future. Wind and solar will power the world of tomorrow.
And tomorrow isn’t far off!........
…It’s time to wake up.
You’re having a dream.
Here’s the reality.
Oil, natural gas, and coal provide 84% of all the world’s energy. That’s down just two percentage points from twenty years ago.
And oil still powers nearly 97% of all global transportation.
Contrary to headlines claiming that we’re rapidly transitioning away from fossil fuels, it's just not happening. Two decades and five trillion dollars of governments “investing” in green energy and we’ve barely moved the needle.
This was supposed to be easy. Why is it so hard?
In a word: rocks.
To get the same amount of energy from solar and wind that we now get from fossil fuels, we’re going to have to massively increase mining.
By more than 1000%.
This isn’t speculation. This is physics.
Copper, iron ore, silicon, nickel, chromium, zinc, cobalt, lithium, graphite, and rare earth metals like
