What do biofuels, renewable power, and the food on your plate have in common? They all need land, and lots of it. While the technologies required to reach a net-zero future are expanding alongside rising energy demand, growing populations and higher living standards could require roughly a fifth more land be cultivated for agriculture by mid-century. Of the available land on Earth, decisions must be made regarding whether to devote it to agriculture, biofuels, bioplastics, power generation, battery metals or nature conservation. The challenge is profound, yet key solutions are emerging, including co-location and innovations to improve energy output and agricultural yields.
On today’s show, Dana is joined by Hugh Bromley, BNEF’s Head of Food, Agriculture and Nature, and Kostas Pegios, who specializes in modeling at BNEF. Together they discuss the vast quantity of land required for the energy transition, which renewable energy technologies can be co-located with existing agriculture, and the competition between food crops and biofuels for suitable land.
Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal or on bnef.com
Links to research notes from this episode:
New Energy Outlook 2024 - https://about.bnef.com/new-energy-outlook/
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