Most calculations of the costs of stranded assets abandoned and replaced by the net-zero economy have been missing the biggest element: human capital. It’s not sufficient just to total up the assets and supporting infrastructure for coal, gas, old-style buildings, machines, vehicles, etc., says Dan Chester at Lancaster University and co-author of the paper “Stranded Human and Produced Capital in a Net-Zero Transition”. Worker output is not only … [Read more...]
The U.S. now needs a Carbon Tax to transition from Gas to Renewables
Gas emissions must be halved (and coal eliminated) by 2030 to meet President Biden’s goal of a carbon free power sector by 2035. The problem is that gas additions are half the price of new wind and solar installations. Though the clean energy champions are still getting cheaper, so are gas additions. Nikos Tsafos at the Center for Strategic and International Studies looks at the policy options over the next decade for the U.S. The stark fact is … [Read more...]
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