Could Renewable Energy Help Abate the Effects of Rapid Population Growth?
We, as humans, are consumers by nature. We use and we take, often times not thinking about the finite nature of the things we’re consuming. This can be difficult sometimes due to the intangible nature of certain things we use, such as space itself. There is a finite amount of room on this earth and a finite amount of resources. Soon enough, those things will be in short supply as the population grows rapidly.
In this infographic from Visual Capitalist and Gainesville Coins, we see how fast the population is growing and what those potential effects could be.
As you read, notice how many of these issues could be solved, at least in part, by renewable energy (hint: at least the ones involving oil).
As the infographic reads:
“Is our future littered with disease, famine, stunted growth, currency collapse, and a lower quality of life? Or should we be optimistic that we can persist? Can technology and smart decisions save the day?”
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.