Inverse
- David Grossman
Fighting
climate change
is expensive,
which makes it controversial. One of the major criticisms of the much-touted
push for a
Green New Deal
has been
the cost.
Some conservative green-energy activists
blanch
at what one described as the “home-run giga-packages” included in the Deal.
Essentially, liberals have thrown the kitchen sink in the Deal, so the argument
goes, trying to shoehorn
in far
greater — and far more expensive — reforms than necessary.
But here's the thing — this argument is slowly losing power.
Part of that is to do with the balance of power in Washington. The other is to
do with the scientific evidence. Climate change action could be a far bigger
bargain than critics (not sorry) have bargained for.
What's new — In a recent study published study in the journal
AGU Advances, a team of scientists set out the case for eight steps to make the United
States a carbon-neutral country by 2050.
Not only that, but the price of achieving this 8-step plan is significantly
lower than in past years.
Jim Williams
is an associate professor at the University of San Francisco and a co-author of
the study. He tells
Inverse that the cost of a full-scale climate
transformation has gone down dramatically — perhaps surprising, given the
ever-mounting toll climate change continues to exact as we let things get worse
and worse.
In 2015, the cost looked to be “over $300 billion” Williams says. But just six
years later, it has shrunk to “less than $150 billion.”
In other words, he says,
“it costs half as much to achieve a much more difficult goal.”
Why it matters — Democrats are generally in favor of climate action, but there are serious
disagreements within the party on how to move forward. West Virginia Senator Joe
Manchin, for example, is vehemently against the idea of a carbon tax — a
key component of the Green New Deal — and instead
called
for an energy transition to occur in a “reasonable way.”
Manchin
suggested
tying climate legislation to infrastructure. He's in luck: according to
Williams' study, fighting climate change through massive infrastructure projects
is worth every cent.
The cost of doing nothing has remained sky high. According to a September 2020
study
written by a task force for the Commodity Futures Trading Commission, a U.S
financial regulator, climate change could wreck havoc on American financial
systems. Climate and pollution-related damages could cost anywhere between “$50
trillion to $142 trillion,” and inaction could see $19.5 trillion worth of
stranded assets by 2050.
Yet those damages hardly reflect the total cost of climate change. Warming
temperatures affect nearly every aspect of society. There are health-related
risks, from higher rates of
allergies,
depression, and
cancer. There are the added costs of caring and housing
climate-related refugees, whose numbers could
rise as high
a billion.
Digging into the details — Reaching a net-zero on emissions is a tall order, given the U.S. Energy
Information Administration estimates, in 2019, the United States
emitted
5.13 billion metric tons of energy-related carbon dioxide.
But Williams and his colleagues say their eight steps, if taken prior to 2030,
could help dig us out of this hole.
Here are the eight steps:
- Increase solar and wind capacity 3.5 times, to 500 gigawatts
- Eliminate most electricity generation from coal
- Maintain current natural gas generating capacity
- Increase the share of clean vehicle sales to 50 percent
- Increase the sale of building heat pumps by 50 percent
-
Make sure all new buildings and appliances meet strict energy efficiency
rules
-
Serious research into
carbon capture sequestration
and carbon-neutral fuels
-
Build utilities infrastructure for carbon dioxide and hydrogen gas to be
converted to electricity
Each of the eight steps relate to what the researchers describe as “four pillars
of deep decarbonization.”
- Energy efficiency
- Decarbonized electricity
-
Electric vehicles (cars like
Teslas, for example)
-
Carbon capture technologies
The authors explicitly link their proposed climate action to economic
development, mirroring the jobs and prosperity promise of the Green New Deal.
Margaret Torn, one of Williams' co-authors and a scientist at the University of California,
Berkeley, said in a
press statement
accompanying the research:
“The decarbonization of the U.S. energy system is fundamentally an
infrastructure transformation.”
The team mapped their pathways to carbon neutral using projected scenarios from
the
National Renewable Energy Laboratory
and the
U.S Energy Information Administration. These scenarios ranged from a world in which “no fossil fuels or nuclear
power allowed by mid‐century,” to slower adoption of low‐carbon technologies.
The cost of these different scenarios varied, ranging from anywhere between 0.2
percent to 1.2 percent of the Gross Domestic Product of the United States. By
2050 this has
been estimated
to amount to more than $41 trillion.
Where do these lower costs come from?
“The main reason is that the cost of wind and solar power and batteries for
electric vehicles have declined faster than expected,” Torn says in a press
statement. Indeed, the price of solar energy has
drastically dropped
in the last decade. And electric vehicles have been taking advantage of
cheaper battery prices.
The range accounts for the tradeoffs some of the study's pathways demand,
according to the researchers. In a scenario where the entire United States is
powered by solar, wind, and bioenergy, expenses would rise because of the cost
of buying up all the land needed to build giant clean-energy farms.
|
The Net Power natural gas plant in La Porte, Texas. The plant
captures its own carbon dioxide. Such technology will need to be
invested in heavily, researchers say. NET Power
|
What we don't know — Spencer Nelson, a researcher at conservative energy advocacy group Clear Path, tells
Inverse the study does a “good job of showing what is technically
possible,” but the “practical feasibility of achieving any one of these pathways
is extraordinarily difficult.”
History is, in some ways, on these researchers' side. In 2017, six energy
efficiency initiatives resulted in a 20 percent reduction in energy use,
according to
Resources for the Future, a think-tank. With more carbon capture, biofuels, and electric fuels, the
researchers say, the U.S. energy system could get to “net negative”
— taking in more carbon dioxide than it puts out, and effectively removing
500 million metric tons of CO2 from the atmosphere each year.
“When you're trying to manage carbon emissions on this scale, you're going to
need to have ways to capture carbon from point sources like power plants,”
Nelson says.
“You're going to need opportunities to remove carbon from the air, and then
you're going to have to have the ability to transport that carbon via pipelines,
or even trains. And then you're going to have to have the ability to utilize
that carbon for products or services or store it permanently underground.” Or,
as some studies have suggested,
underwater.
Carbon-capture technology of this kind is an unproven, technological fix for
climate change that has many supporters, others have nothing but
skepticism.
The “net negative” pathway, the one that removes 500 million metric tons of
carbon dioxide per year, relied on carbon capture more than any other. It would
have a net cost of 0.6 percent of the U.S. GDP in 2050, according to the study.
|
Building out solar panels could provide crucial infrastructure
jobs. Shutterstock
|
What's next — The cost of doing anything is not nothing, but it may come with economic gain,
these researchers say.
“All that infrastructure build equates to jobs, and potentially jobs in the
U.S., as opposed to sending money overseas to buy oil from other countries,”
Torn says.
There is an “inherent uncertainty” in these kinds of models, Nelson says.
Predicting several years in the future is a difficult task at the best of times,
especially during times of massive upheaval, like the
Covid-19 pandemic, and political
unrest.
The pressure is rising on the Biden Administration to take drastic action on the
climate. In early February, Alexandra Ocasio-Cortez, Earl Blumenauer of Oregon,
and Bernie Sanders, proposed a National Climate Emergency Act, which could give
the president widespread powers by declaring a
climate emergency.
The future is unwritten, but the eight steps outlined in this study offer a
clear path forward, Williams says.
“We should make policy to drive the steps that we know are required now, while
accelerating R&D and further developing our options for the choices we must
make,” he says.
Abstract:
The Intergovernmental Panel on Climate Change (IPCC) Special Report on
Global Warming of 1.5°C points to the need for carbon neutrality by
mid‐century. Achieving this in the United States in only 30 years will be
challenging, and practical pathways detailing the technologies,
infrastructure, costs, and tradeoffs involved are needed. Modeling the
entire U.S. energy and industrial system with new analysis tools that
capture synergies not represented in sector‐specific or integrated
assessment models, we created multiple pathways to net zero and net negative
CO2 emissions by 2050. They met all forecast U.S. energy needs at
a net cost of 0.2–1.2% of GDP in 2050, using only commercial or
near‐commercial technologies, and requiring no early retirement of existing
infrastructure. Pathways with constraints on consumer behavior, land use,
biomass use, and technology choices (e.g., no nuclear) met the target but at
higher cost. All pathways employed four basic strategies: energy efficiency,
decarbonized electricity, electrification, and carbon capture. Least‐cost
pathways were based on >80% wind and solar electricity plus thermal
generation for reliability. A 100% renewable primary energy system was
feasible but had higher cost and land use. We found multiple feasible
options for supplying low‐carbon fuels for non‐electrifiable end uses in
industry, freight, and aviation, which were not required in bulk until after
2035. In the next decade, the actions required in all pathways were similar:
expand renewable capacity 3.5 fold, retire coal, maintain existing gas
generating capacity, and increase electric vehicle and heat pump sales to
>50% of market share. This study provides a playbook for carbon
neutrality policy with concrete near‐term priorities.
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