Plain English with Derek Thompson7 Feb 2025

The Energy Story of the Moment: The Unstoppable Rise of Solar Vs. the Unmovable Demand for Global Fossil Fuels

Fans of green energy like me face some inconvenient truths about the global energy picture. First, coal sounds like a dirty technology that the rich world is moving on from. But nearly 9 billion tons of coal were burned last year—an all-time high. Second, "peak oil" is a prediction that many analysts have thrown around in the past few years, but oil production is also near its all-time high. Third, we might not even be at peak wood: Global wood fuel production was higher in 2024 than in 1980. At the same time, I think the renewable energy revolution is proving to be its own unstoppable phenomenon. Solar and battery installations are still exploding upward, and whereas some skeptics worried that the earth wouldn’t be able to provide the essential elements and metals to build out a green energy system, those doubts seem, for the moment, overwrought. Lithium, which is one of the most important metals for battery production, has seen its resources double since 2018. So what we have is not a pretty picture but a messy one. A green energy boom matched with an enormous demand for fossil fuels, as billions of people around the world drive and eat and demand the middle-class lifestyle that is their right. Today’s guest is Nat Bullard, an independent energy analyst and the author of a new extraordinary report on the state of energy and decarbonization. We talk about everything: coal, oil, wood, and natural gas; the history of nuclear vs. solar in America; the solar and battery revolution of the 21st century; the political barriers to its growth; the rise of BYD in China; the flatlining of Tesla's growth; and the future of energy technology. If you have questions, observations, or ideas for future episodes, email us at PlainEnglish@Spotify.com. Host: Derek Thompson Guest: Nat Bullard Producer: Devon Baroldi Nat's report: https://www.nathanielbullard.com/presentations Learn more about your ad choices. Visit podcastchoices.com/adchoices

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