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America One News
8 Jun 2024
#economy
The Telegraph: Net zero by 2050 is simply not happening
Vaclav Smil's report says global efforts to achieve net-zero carbon by 2050 are unlikely due to technical, economic, and political challenges. Smil highlights the massive scale of energy use, the slow pace of historic energy transitions, and concerns over mining resources like copper. The transition would be costly, with estimates showing it could cost the US 20% of its GDP, and delays could push the total to an unimaginable $440 trillion.