Renewables are the dominant force in the power system to day, says albert chom. About 80 % of it is as clean as renewablesso if you add in hydrogia and tan ols. But we're not at a tipping point yet because costs are still too high for mass market adoption. We need policy support that will bring cost down so heat pumps can be rolled out across Europe.
In the tech world, there’s a common belief that once a new device hits 5% market penetration, it rapidly goes from a niche to mass adoption. According to Bloomberg, the US has just passed that critical 5% tipping point for new EV purchases. Norway, an oil-rich country, was first to hit that 5% mark in 2013 and today boasts a stunning 86% of new cars being fully electric. Now California is driving the US along a similar road away from gasoline and diesel by passing a new law that will only allow emission free vehicles to be sold by 2035. Even with that California law, how confident can we be that all new American cars will be running clean? What does the 5% tipping point mean for other clean tech adoption?
Guests:
Albert Cheung, Head of Global Analysis, BloombergNEF
For show notes and related links, visit ClimateOne.org
Learn more about your ad choices. Visit megaphone.fm/adchoices