Smart Energy Voices Heard at SED Forum Summer: How Much Will It Cost To Replace All Fossil Fuels & How Much Will We Gain?
In this episode of Smart Energy Voices, host Debra Chanil introduces a keynote session from the Smart Energy Decisions Summer Forum featuring Dr. Wolfgang Bauer, where he tackles two vital questions: How much will it cost to replace all fossil fuels, and how much will we gain? With compelling data and economic analysis, Bauer outlines the feasibility of a complete global transition to renewable energy. He also explores energy efficiency, the capacity and costs of various renewable sources, storage technologies, and the consequences of inaction on climate, emphasizing that transitioning to renewables not only benefits the planet but also increases global prosperity.
You will want to hear this episode if you are interested in…
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Why “energy is money” and how pricing varies regionally (02:52)
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Why energy conservation is the greenest energy strategy (03:44)
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How much usable energy fossil fuels provide (08:35)
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Capacity factors and costs of renewables (11:52)
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The role of nuclear and emerging technologies (15:22)
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Dispatchable renewables and storage solutions (18:15)
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Making the case for a $32 trillion investment (22:13)
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Rising global temperatures and dangers of climate inaction (25:21)
Connect with Wolfgang Bauer
Dr. Bauer has served in various capacities at Michigan State University, most recently as University Distinguished Professor and as President of the MSU Research Foundation. He is one of the authors of the MSU Energy Transition plan, owns renewable energy power plants, and has done extensive research and consulting on renewable energy sources. Dr. Bauer serves on the Advisory Board of Smart Energy Decisions.
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