Today, just three overarching sectors of the global economy – energy, transport and food – are responsible for more than 90% of global carbon emissions. But, in each of these sectors, disruptions are now taking place that will lead a suite of clean technologies that will not only become cost-competitive with prevailing industries, but cheaper.
Over the next two decades, the report finds, conventional power plants run on oil, gas and coal will be replaced by solar, wind and batteries (SWB). Privately-owned automobiles based on internal combustion engines will be replaced by electric and later autonomous vehicles (A-EVs) operated as an on-demand service. Industrial livestock farming will be replaced by precision fermentation (PF) in microbial protein factories and cellular agriculture (CA).
The driving force of this huge transformation in our fossil fuel-dependent production system is economics.
Our research shows clearly that SWB, A-EVs, and PFCA have already begun their virtuous cycles. Over the past decades, empirical data reveals cost curves confirming that they are experiencing exponential improvements in performance, efficiency, price and returns, that in turn is driving feedback loops of vicious cycles in incumbent industries.
How to Save the World in 15 Years – Part Three: The Looming Death Spiral of Carbon-intensive Industries – Byline Timeshttps://bylinetimes.com/2021/08/13/how-to-save-the-world-in-15-years-part-three-the-looming-death-spiral-of-carbon-intensive-industries/