We need to cut fossil fuel use fast, reducing CO₂ emissions to around zero by the middle of the century.

In today’s energy system, each year we burn 8bn tons of coal, 35bn barrels of oil, and 4tn cubic metres of gas, producing around 40bn tonnes of CO₂ equivalent. 

Global electricity supply needs to expand by around four times; transmission grids must grow from 70mn km to around 200mn km; we must boost electric cars from 25mn to over 1bn. 

That implies big increases in mineral supply — seven times more lithium will be used per annum than in 2022, with copper use doubling.

Adair Turner  FT 20 July 2023

https://www.ft.com/content/44230108-d980-446a-b5ca-81b175f8b47d


The writer chairs the Energy Transitions Commission

https://www.energy-transitions.org/


Adair Turner, a former chairman of the United Kingdom's Financial Services Authority and former member of the UK's Financial Policy Committee, is Chairman of the Institute for New Economic Thinking. 

His latest book is Between Debt and the Devil.

https://englundmacro.blogspot.com/2019/04/what-to-do-if-stagnation-threatens-when.html



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