ECOR 1010 Lecture Notes - Lecture 5: Renewable Energy, Carbon Price

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The energy system and fossil fuel dependence. Our society is fundamentally dependent on fossil fuel. This is used to provide energy in general. Around 80% of the world energy is produced through fossil fuel means. Humans back in the day: depended on human/animal muscle power to provide energy. Realize the way that the energy system is connected/interlinked. -- dealing with complicated and interconnected systems w/ energy. Rich countries are using huge percentages of the world"s energy. Climate change is driven by greenhouse gases. If you want to stop climate change , you have to stop the release of. (use online sources to define this idea) greenhouse gases. We have to get rid of at least 99% of the current greenhouse gas release. Decarbonisation of the energy system of the developed states by ~2050. For a rich country like canada (developed state), it is possible to decarbonize. More efficient systems in the industry that cause greenhouse gases.

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