The energy transition may have tipping points if we don't plan ahead
The energy transition may have tipping points if we don't plan ahead
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The fate of fossil fuel systems in the "mid-transition"
I talk with Emily Grubert about the hidden dangers of letting the free market manage the decline of our legacy energy infrastructure.
The economics of running fossil fuel infrastructure rely on having an economy of scale. As that scale decreases, the cost efficiency will plummet, leading the public sector to abandon them, most likely. We will either need to nationalize some of these things and run them at a loss as the sunsetting happens, or people will be left behind on the old fuels they can no longer access.