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69. The brutal truth about net zero and how to vanquish climate populists, with Dieter Helm
Leading
Challenges and Complexities of Transitioning to Renewable Energy Sources
Transitioning to renewable energy sources presents challenges due to the massive scale required to lower the global energy consumption percentage drastically. The shift requires a wartime-like effort to transform the electricity system, necessitating investments in a new grid infrastructure. While there are hopes for exponential technological progress, economic factors like rising capital costs can hinder the continuous decrease in renewable energy costs. The reduction in solar costs is mainly attributed to manufacturing cost savings in China, raising concerns about labor conditions, including the involvement of Uighurs and the coal-intensive production process.
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