Net-Zero Emissions by 2050: Environmentally Thoughtful, But Not Economically Possible

2022.12-Massif-Length-of-Energy-Transition-Paper-COAlthough global decarbonization by 2050 is a worthy goal, unless we can chart a technologically, politically, economically, and environmentally feasible path, pursuing this goal on such an aggressive timeline will result in the misallocation of capital.
In this paper, we discuss the challenges that make net-zero by 2050 unlikely, examining them from three different perspectives:

  1. The basic necessities of life: Power, housing, and food
  2. The assets required to facilitate the infrastructure needed for the energy transition
  3. The hearts, minds, and behaviors of people

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