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De-Risking Decarbonization
The author contends that a 100 percent renewable energy pathway to decarbonization is risky because it depends on the simultaneous success of multiple uncertain elements, including wind and solar scaling, transmission grid expansion, seasonal storage, load management, and public funding. Using a probabilistic example, the text illustrates that if five essential elements each have a 90% chance of success, the cumulative probability of success drops to 59%. The document proposes 'de-risking' the energy transition by pursuing multiple independent technology paths in parallel, which mathematically increases the overall likelihood of achieving full decarbonization.
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Document type: Statement