2020’s Will Be Great

December 31, 2020

Optimism is often seen as naive, but I choose to believe that, properly exercised, it is a force multiplier.

Above, Reuters has a clear eyed view of the unprecedented moment we are at in the energy transition.
Below, Keith Schneider, the Sage of Benzonia, Michigan, looks forward.

Keith Schneider in ModeShift:

There really is not a way to hit on a word, or even an assembly of words, to adequately encompass the tough, dangerous, and ultimately exceptional year that 2020 has been.

Next year will be better. And the 2020s promise to be a decade of real progess. During this decade technology and ecology will marry more firmly than ever to produce pathbreaking achievements in sectors that really matter— energy, transportation, agriculture, climate, resources, and manufacturing.

With Trump gone, a new era has opened. The United States is again seriously considering how to construct a true green new deal — the melding of ecological values to investment and industrial practices to build a fairer and more just economy.

The foundation is in place. Black fuels, for instance, are in retreat as investors move capital to less expensive and cleaner alternative energy sources. In 2018, according to an assessment by Tim Buckley, an Australian analyst, 31 significant financial institutions abandoned coal. In 2019 the list was longer, with 46 major investment banks and institutions announcing coal exits. In 2020 so far there have been 68 such actions around the world.

Oil companies evaporated as sound investment options. Oil and natural gas prices are near historic lows. Drilling activity has diminished. A proposal to build a monumental gas storage hub in West Virginia is slipping closer to irrelevancy.

On the other side of the energy sector, carbon-free power is seizing command of the electrical sector. Electric vehicles are poised to lead the market by the end of the decade, if not sooner. Responding to climate disruption is a top tier political issue, and not just in the United States. Energy, water, soil, and community-conserving food production practices are being adopted as central tenets of mainstream agriculture.

American companies’ commitment to ingenuity, science, and manufacturing prowess just delivered two COVID-19 vaccines in under a year. Amazon is remaking how the world operates with the same era-changing influence that steam engines had on sailing schooners. The same is true for Tesla and Google. Look at Linkedin’s news page. It’s a scrolling compendium of trends that convey hope for the world.

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