But natural resources don’t generate electricity all the time, while our need for power is constant. The premium is the additional cost of getting all our power from non-emitting sources – including wind, solar, nuclear power, coal, and natural gas-fired plants equipped with devices that capture the carbon they produce. So how are we going to find an overnight alternative?įortunately, we can eliminate most electricity emissions with only a modest Green Premium.
Furthermore, we’ve spent many decades building up a system to extract fossil fuels from the ground. But, they don’t factor in the true cost of climate change. The main reason it’s cheap is that fossil fuels are cheap and accessible. The US spends only 2% of its GDP on electricity, a deficient number considering how much we rely on it. Over time, electricity has become extraordinarily cheap. A 40 w light bulb turned on for an hour costs you about half a cent. It’s magical that you can turn a switch almost anywhere in a well-off country and expect the lights to come on for a fraction of a penny. Electricity is consistently there for us, making sure our streetlights, air conditioners, computers and TVs always work. The 5 solutions to avoid climate disaster How we plug in ( 27% of 51 billion tons per year ) Just as we needed new tests, treatments, and vaccines for the novel coronavirus, we need new tools for fighting climate change. What’s remarkable isn’t how many emissions went down because of the pandemic, but how little this small decline is proof that we should do more than flying or driving less. A million people died, tens of millions put out of work, and yet the world’s GHG emissions dropped only 5%.
Consider what it took to achieve this 5% reduction. The reduction is about only 5%, which means we’re still releasing 48-49 billion tons of carbon. As a result, economic activity slows down so much that the world emits fewer greenhouse gas emissions than the previous years. In 2020, disaster struck when a novel coronavirus spread around the world. Every country will need to change how they engage in every activity in modern life – from industrial, production, travelling, or any other activities involving greenhouse gas releases. 0 is what we need to aim for to avoid a disaster from climate change. The first is 51 billion and the second is 0.ĥ1 billion is how many tons of greenhouse gases the world typically adds into the atmosphere every year. But before that, t here are two important numbers you need to know. In How To Avoid Climate Disaster, Bill Gates maps out the findings from his decade-long research into climate change – the challenges, the potential solutions, and the consequences if we don’t take action today. Implementing solutions to avoid climate disaster should be on top of the world’s agenda.
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