On the recommendation of Ed Conway, the author of the deservingly highly acclaimed book, The Material World, I purchased More and More and More: An all-consuming history of energy by Jean-Baptiste Fressoz. At some level, it can be thought of as a book that provides the conceptual framework for The Material World, or as a sequel to, or an extension of, it.
Does the book provide an answer to the problem of de-carbonisation? No. Does that make the book useless? No. The negative responses to both questions attest to the book's honesty. The book aims to show that the concept of energy transition is fundamentally flawed because there is no sequential replacement of one energy source with another. Energy sources are symbiotic, and there are also rebound effects. It is not as though coal replaced wood to be replaced by oil and gas, and then in the future by renewable energy. It has never worked that way, and it is unlikely to work that way. According to the author, "the United States burns twice as much wood as it did in the Sixties and Europe three times as much as it did at the beginning of the twentieth century."
As the author writes, the belief that future innovations would bail us out is simply an exercise in procrastination. It prevents us from "basing climate policy on existing, available and cheap technologies, on the relevance of their use and the fair and efficient distribution of CO2 emissions." We take up the fairness and innovation arguments for further examination.
Denne historien er fra November 06, 2024-utgaven av Business Standard.
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Denne historien er fra November 06, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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White-collar hiring up 9% in Dec: Report
According to Naukri JobSpeak, the index reached an impressive 2,651 points in December 2024, reflecting a robust 9 per cent year-on-year growth, a promising sign for the year ahead.
Missing Women in South Indian Film Leadership
The South Indian film industry lags Bollywood and other non-South Indian language cinemas in terms of women serving as heads of departments (HoDs) in various stages of filmmaking and streaming series production, according to a recently released report.
Manu Bhaker, Gukesh among four athletes to get Khel Ratna award
Shooter Manu Bhaker, chess world champion D Gukesh, men's hockey captain Harmanpreet Singh and para-athlete Praveen Kumar were on Thursday named recipients of this year's Major Dhyan Chand Khel Ratna Award—the country's highest sporting honour.
MHA warns against 'pig butchering scam'
A new cyber fraud known as \"pig butchering scam\" or \"investment scam\" has emerged, targeting unemployed youths, housewives, students, and needy people who are made to lose large sums of money daily, according to the latest annual report of the Union home ministry.
Insurers to double down on tech, rural expansion for growth in '25
Industry will also focus on strengthening distribution networks and human capital
UNDER THE PUMP
India's 2025 fuel exports could feel the heat of geopolitics, Houthi attacks, growing US supplies, and new refineries
Auto stocks race on December sales boost
Shares of automobile companies rose for the second consecutive day, with Eicher Motors, Maruti Suzuki India (MSIL), Ashok Leyland, and Mahindra & Mahindra (M&M) surging between 4 per cent and 9 per cent on Thursday.
Earnings growth likely to be a key driver this year: Mirae Asset MF
Even as earnings growth has decelerated in recent quarters, India's medium-to-long-term outlook remains robust, driven by strong macro fundamentals, deleveraged corporate balance sheets, robust asset quality, fiscal discipline, favourable demographics, digitisation, and rising income levels, Mirae Asset Mutual Fund said in its outlook for 2025.
Best Dec for IPOs since 1996
15 firms collectively raised ₹25,425 cr last mth
Temper expectations as growth challenges remain: Axis MF
Significant valuation expansion seems unlikely in 2025 amid near-term growth challenges, likely muted inflows from foreign institutional investors (FIIs), and subdued earnings expectations, Axis Mutual Fund (MF) said in its outlook, while asserting that it will be a year of stock picking across market caps.