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June 11, 2021 | Mark Z. Jacobson on the Clean Energy Transition

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

Mark Z. Jacobson needs the patience of Job.

Not only does he lead by example, living in a zero-emission house and drive a zero-emission car that consume zero energy to run (actually, he gets money back from the grid). He is a civil and environmental engineer who has held a doctorate in Atmospheric Sciences for nearly 30 years. He’s been at the forefront of climate science since the early 90s and helped spearhead the Solutions Project out of Stanford University in 2013 which invested the work to create and publish blueprints on how every country, state, province and major city worldwide can transition to 100% renewable energy by 2050. Their website is here.

Jacobson has also written over 165 peer-reviewed papers as well as three textbooks, the most recent being the very enlightening 100% Clean, Renewable Energy and Storage for Everything, which I highly recommend as a valuable resource for daily fact-checking in the area of energy and storage.  In 2019, he was selected by Apolitical as one of the world’s 100 most influential people in climate policy.

In a world full of nay-saying non-experts, science-deniers and status quo sponsors, Mark continues to study and explain what we are doing wrong and how to fix it.   His latest interview with is worthwhile as the interviewer presents many of today’s commonly heard contrary talking points.  See Mark Jacobson on the clean energy transition.  For those who don’t wish to read the whole thing, here are a few key excerpts:

AA [interviewer]: Yes, sure, but if you keep growing the economy and you need more and more energy, even from 100% renewables, you’re going to have to do a lot more mining (to get all the materials for turbines and so on) to keep pace with that and is that really going to make the emissions go down? All that neodymium and lithium and aluminium?

Mark Jacobson:  First of all, when you transition to electrifying the energy sector, you have a 57% reduction of demand just by electrifying. And if you reduce that much you’re not going to grow energy demand worldwide that much. People are also going to be using energy efficient technologies…

MJ: First of all, rare earths are not rare, they’re everywhere. They’re not rare elements, but they are dispersed and not found in many concentrated deposits that are economically exploitable. And for something like lithium, every time they look they find more. It’s a question of looking…

AA: You’ve articulated a technical vision very well for how we can respond to the climate crisis. We already have the technology we need. Here’s the puzzle. So many people around me, STEM students, other Professors, keep harping on about how technologies that don’t yet exist are going to save us. Why?

MJ: I think there are just enough people pushing those ideas. Especially in a University like my own, I can see where those ideas come from.  They come from the energy resources engineering department which used to be called petroleum engineering. They come from a few economists who, for a lack of a better word, like fossil fuels. They might have been climate deniers, and now they believe, but they resist rapid change, they like the status quo. There was a Princeton study, it did a largely renewables scenario, but it was funded by ExxonMobil and British Petroleum (BP). MIT has large funding from fossil fuel interests and Stanford does too. At our School of Earth Sciences at Stanford, every faculty member gets two paid-for students. That comes from royalties from the oil and gas industry, since the 1950s…

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June 11th, 2021

Posted In: Juggling Dynamite

One Comment

  • Darren says:

    Jacobson science is going to be biased since his paycheck will be effected if he tells the truth. He calls people that do not believe his biased science “science deniers”. I call Jacobson egotistical he has a huge ego thinking he can control the weather based on a bogus theory. Science deniers, conspiracy theorists names have been used so questions do not have to be answered regarding ConJob 19 lately as well as by those that think they can control the weather to .5 degrees. I do not believe in the conspiracy theories that we can control the weather by burning or not burning fossil fuels or conspiracy theories that masks & lock downs work.

    Independent thinkers are better @ playing the market then those that herd, Look @ independent thinkers for financial advisors

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