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Pulitzer Prize-winning author Daniel Yergin on energy security in a changing world
Energized: The Future of Energy
Embrace Innovation for Sustainable Progress
Investing heavily in wind and solar energy alone would not have accelerated progress due to the necessity for technological advancements and the influence of market dynamics, particularly price reductions achieved by Chinese suppliers. Wind energy encounters more significant challenges due to higher capital costs and susceptibility to inflation and rising interest rates, while solar energy benefits from a streamlined supply chain predominantly controlled by Chinese and Southeast Asian companies. Technological improvements in solar energy have outpaced those in wind energy, as exemplified by the limited scalability of wind turbine designs, which face physical constraints in size, reminiscent of the colossal dimensions of blue whale tails.
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