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Our living standards depend on energy density : Comments
By Geoff Carmody, published 27/6/2024The global history of rising living standards is a history of harnessing more energy-dense, cheaper, power sources.
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While fossil fuels have a higher energy density, this isn’t the sole factor affecting living standards. Technological advancements have significantly improved the efficiency of solar and wind. Countries like Denmark and Germany, which heavily invest in renewables, have not seen a decline in living standards; instead, they've experienced job growth in the renewable sector and reduced dependence on imported fuels.
The claim that renewable energy requires extensive space is true but manageable. Rooftop solar panels and wind farms that coexist with agricultural land demonstrate efficient land use. The notion that native forests are widely cleared for renewable projects is inaccurate and generally opposed by environmentalists and policymakers. Most projects are sited on degraded or previously cleared land to minimize environmental impact.
Energy storage inefficiency is another concern, but advances in battery technology, particularly lithium-ion batteries, have significantly improved storage capacity. Pumped hydro and solid-state batteries, are addressing renewable energy intermittency, too. Countries like Germany and parts of the US, with high renewable penetration, have developed sophisticated grid management systems to ensure stability and reliability.
Australia’s shift to renewables, despite our small contribution to global emissions, is part of a collective global effort to address climate change. Leadership in renewable energy can drive technological advancements and set a global example. Transitioning to renewables can also create economic opportunities, reduce health costs from pollution, and improve energy security by decreasing reliance on imported fuels.
The comparison of gasoline's energy density to wind and solar is misleading without context. Renewable systems often incorporate energy storage and grid management technologies for reliable power, focusing on overall system efficiency and sustainability rather than raw energy density. Policies supporting renewables drive innovation and reduce costs. Investments in renewable infrastructure lead to long-term savings and stability.
A balanced energy approach, including a mix of renewables, storage, and potentially nuclear power, offers reliable, sustainable, and cost-effective solutions.