Many different views are appearing.
The IET proposes the following:
Critical Target: ‘By 2050, no energy must come from fossil fuels’
Champion: James Bamborough, sustainability and net zero policy manager, IET.
https://eandt.theiet.org/2024/09/09/et-critical-targets-technology-sector-target
This is an extremely ambitious target, transferring not just electricity but all energy away from fossil fuels.
Is there any engineering behind this?
Are there sufficient resources available?
How much more fossil fuel will be consumed producing these alternative energy sources before they become in some way self-sustaining'?
In a different direction the Big Tech companies are looking to nuclear power for the future. Microsoft is refurbishing the closed Three Mile Island plant, Google has signed a deal with California’s Kairos Power to build six or seven reactors:
https://eandt.theiet.org/2024/10/15/google-signs-deal-small-nuclear-reactors-power-ai
Amazon is moving in the same way:
https://www.world-nuclear-news.org/articles/talen-sells-carbon-free-data-centre-to-amazon-clou
These companies all employ top grade engineers, scientists and accountants. Evidently they can do the modelling of how renewables will develop and if they will be capable of supplying the needs of data centers and AI systems. The answer is either no they can’t or they will be more expensive than nuclear.
The big oil companies are also moving away from renewables and staying with their core businesses. For example:
BP’s CEO Murray Auchincloss has reportedly initiated a hiring freeze and suspended offshore wind projects, according to sources at the company, as he places focus on oil and gas to boost revenues. He is looking to halt large, fixed capital investments in offshore wind as they are not expected to deliver returns for years.
https://www.offshore-technology.com/news/bps-ceo-says-the-company-will-move-away-from-renewables/
Once again the oil companies employ high grade engineers, scientists and accountants who can do the modelling to see how long it will take renewables to remove the market for fossil fuels. Their response can be taken two ways:
1) They are entirely shareholder driven, it is their fiduciary duty to maximise profits by staying with oil and gas and they don’t see a risk of ending up with ‘frozen assets’.
2) They don’t want to see the world run out of energy when renewables can’t deliver.
I suspect a mixture of both.
So I ask the panel: where do we get a realistic energy policy, from groups of high grade engineers and scientists or from groups of arts graduates in government or other policy making institutes?