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The Peter McCormack Show

The Moral Case for Renewable Energy with Andrew Dessler - WBD523

The Peter McCormack Show

Peter McCormack

Power, Politics, Government, Markets, News, Society & Culture, Technology, Society, Inflation, Finance, Bitcoin, Economics, Money

4.72.8K Ratings

🗓️ 6 July 2022

⏱️ 123 minutes

🧾️ Download transcript

Summary

Andrew Dessler is a Professor of Atmospheric Sciences at Texas A&M University. In this interview, we discuss the settled science of climate change, the polarisation of the climate change debate, our need for more energy, and the market inevitability of wind and solar-dominated grids.

- - - -

In April, WBD interviewed Alex Epstein who stated humans need access to more low-cost energy. Energy enables humans to survive in otherwise inhospitable climates but also flourish. Epstein stated that energy at the moment is dominated by fossil fuels, which are very hard to replace. Further, he asserts claims of climate change catastrophe are being overstated.

Andrew Dessler, who has previously publicly debated Alex Epstein, wanted an opportunity to rebut some of Alex Epstein's claims. Dessler agrees that humans need access to more energy; underinvestment over previous decades has contributed to the current energy crisis. But, humans also need to be concerned about the existential risks of increasing carbon emissions.

There is widespread consensus amongst climate scientists that the science of climate change is correct, and the forecasts have been proven to be reliable. The risks are real and significant. There is a fear that attempts to refute the science feed the culture wars, where climate change views are predetermined by political allegiance.

Dessler also claims that refuting science is a cynical tactic to avoid moving the debate onto the policy. His rationale is that the case for transitioning to renewables isn't just predicated on reducing carbon emissions, there is also a compelling economic case: it is an energy source with a marginal cost of zero. A strong supply market for solar and wind is powerful validation for this.

That's not to say 100% of our energy needs can be derived from wind and solar. Those advocating for increased use of renewable energy are fully aware of the need for reliable dispatchable power from other energy sources. But there is a strong conviction that renewable energy can become a dominant provider for our energy needs of today and tomorrow.


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Transcript

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0:00.0

So wind and solar are the cheapest energy sources, a grid that's primarily wind and solar will be cheaper than a grid that's

0:14.2

running on fossil fuel so the price will come down and again it will be

0:17.4

you know it will also be predictable and you'll know exactly it will be at a low price

0:20.8

and will be at that low price in the long term for decades.

0:24.0

Hello there, how are you all?

0:26.0

Welcome to the What Bitcoin did podcast,

0:28.0

which is brought to you by Gemini, the only place I am using for buying Bitcoin.

0:31.0

I'm your host Peter McCormack, and before we get into today's interview I do have a message from my show sponsors

0:37.6

This show is brought to you by Compass Mining and they are not just a sponsor. I am a customer of theirs too and I am mining

0:44.1

Bitcoin with Compass. I've been mining for 10 months and have already mined over

0:48.1

0.7 Bitcoin which has more than paid off two of my S-19s. Anyone can start mining with Compass Mining and to help you

0:54.4

Compass has launched the Compass Score to help you make informed decisions about your next mining purchase.

0:59.2

The score highlights how good each AIC deal is based on a number of factors such as price,

1:04.4

minor age, difficulty, hash in power and the current Bitcoin price.

1:08.2

Compass makes mining accessible to everyone and as a Bitcoiner I am happy to be supporting the decentralized growth of

1:14.0

the hash rate. If you are interested in mining and you want to find out more please head over to compass mining.io which is co m i n p a s m i n n g dot i o C-O-M-I-N-G-D-I-O.

1:25.0

Next up, it's Gemini, who I am using exclusively for buying and selling

1:29.5

Bitcoin, but I'm still only buying.

1:31.8

Come on, look at this market. It is the time to buy. We're not

1:34.4

sellers right now are we now I am also using the Gemini app for buying these dips and I have

1:39.8

also set up a DCA with twice monthly buys of Bitcoin.

1:43.6

Both the app and the website make buying and selling

...

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