Thus building too little capacity may risk brownouts (not "blackouts" as the article states) while building too much may increase prices for consumers and housholds.

#peakrenewables #energy
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BP to ramp up oil and gas output in major shift away from green goals Fossil fuel firm will cut more than $5bn from low-carbon investment plan in ‘fundamental reset’

www.theguardian.com/business/202...

I guess we'll have to see the past 10 years as a kind of interregnum in which the attempts to mitigate climate change and achieve meaningful decarbonisation had been priorities. Now we're back to fossil fuels. Which is another reason why we face #peakrenewables.

Equinor Cuts Renewables Target Just Months After Orsted Deal Equinor ASA reined in its renewable-energy ambitions, less than two months after snapping up a $2.3 billion stake in Danish wind giant Orsted A/S.

Kari Lundgren, "Equinor Cuts Renewables Target Just Months After Orsted Deal" financialpost.com/pmn/business...

#peakrenewables

Big Oil backtracks on renewables push as climate agenda falters Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down - and at times reversing - climate commitments in a shift that they are likely to stick with in 2025.

Ron Bousso, "Big Oil backtracks on renewables push as climate agenda falters" www.reuters.com/business/ene...

#peakrenewables

China's transition hampered by flat-lining energy intensity China's economy has become much less energy intensive over the last 40 years as its industries have modernised and the economy has shifted towards more service sector output.

John Kemp, "China's transition hampered by flat-lining energy intensity" www.reuters.com/markets/comm...

«Unless China boosts efficiency, most extra renewables will be used to meet increasing energy requirements rather than replace coal in the next few years.»

#peakrenewables

Evan Halper, "Amid explosive demand, America is running out of power" www.washingtonpost.com/business/202...

Already #decarbonisation of industries wasn't feasible with #renewables but add #AI to the electricity demands and the energy transition will not work with renewables. #peakrenewables

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(Esp. with all the decarbonisation of industries necessary to accomplish mitigation with climate change.)

Anyway, an interesting piece with a lot of interesting links. Surely countering my musings on #peakrenewables with #peakenergy as the broader concept.

#sources #postdoom #energy