Once peak oil is finally reached – whenever that is – demand will begin to drop thereafter, perhaps precipitously.
Articles by Fereidoon Sioshansi
The inevitable has apparently happened; utility-scale solar-generated power appears to be cheaper than wind – and both are cheaper than fossil-fuel generated power.
Whether EVs will be charged from rooftop panels – as Tesla etc would like it – or from a network of charging stations – as utilities would like it – it is only a matter of time.
Startups are figuring out ways to beat incumbents in their own game. Virtual power plants may be the answer.
California grid operator under-estimated speed of solar uptake by at least 4 years – and the belly of the duck is getting fatter much sooner than expected.
It is hard to imagine a day when fossil fuels will be used sparingly. But with carbon now officially a liability, and renewables moving mainstream, chances are humanity can kick the habit much faster than previously thought possible.
Having indulged in a carbon-rich period for the past two centuries, can humans make an orderly transition to a sustainable fossil-free future without sacrificing the high standards?