January 30, 2023
WHY THE DISTANT FUTURE HAPPENS SO FAST:
S-curves in the driving seat of the energy transition (Harry Benham30 January 2023, Carbon Tracker)
The energy transition may well be determined by the phenomenon of S-curves. This is because the future energy system will be characterised by manufacturing technology, not extractive fossil fuel projects.The S-curve is a well-established phenomenon where a successful new technology reaches a certain catalytic tipping point (typically 5-10% market share), and then rapidly reaches a high market share (i.e. 50%+) within just a couple more years once past this tipping point.Manufacturing technologies improve quickly by S-curves, scalable learning-by-doing techniques based on thousands and thousands of repeated parts and assembly.Extraction projects are almost the opposite: one-off large scale complex efforts that are difficult, potentially impossible, to replicate and improve.
Posted by Orrin Judd at January 30, 2023 5:45 PM
