Deep Dive: The Global Energy Transition
Deep dive into the Global Energy Transition and Inflation Reduction Act...
In 2020, I made a personal commitment to learn and invest in the energy transition and clean tech / climate change initiatives. I connected with a friend of mine who was a Senior Partner at McKinsey who told me a little secret: when folks like Bill Gates want to learn important new topics, McKinsey helps to educate them by bringing in their Partners to do teach-ins.
Over the next many months, I decided to do the same. They helped teach me a lot, but it also cost me more than $2mm!
So what do you do if you don’t have this kind of money to spend on an ongoing basis? How do we feed our curiosity and continue to learn about the important things that are going on in the world?
Every month, I will publish a deep dive into a sector that I think is important to understand the world today. These fall into five themes:
Deep Tech
Energy Transition
Healthcare & Life Sciences
Economic Analysis
Socio-Political Trends
My first deep-dive into the Global Energy Transition is available to you today if you want to learn with me. This is split into two slide decks, with companion podcasts to introduce the material.
The first is a comprehensive overview of the climate problem, why it exists, where we are today, and potential solutions to fix it.
The second is a deep-dive into the Inflation Reduction Act, a key piece of U.S. climate legislation with massive implications for energy transition sectors.
You can read and listen to our deep dives today using the audio files and PDFs attached. Going forward, future deep-dives will be available to paid subscribers.
If enough people care about this and subscribe, we will invest those revenues to hire more researchers to help me publish more content. We will also look to our subscribers to influence what we research and read out to everyone.
Future Deep Dives:
Thats a great analysis. I learnt alot from both slide decks, very comprehensive and well thought-out. I do appreciate you sharing your insights across multiple domains.
I did want to point out one thing though. McKinsey has a shoddy track record when it comes to forecasts/analysis. Here is what Vinod Khosla had to say about them [1]. They often benefit from the lack of transparency and accountability, and sell the illusion of knowledge as opposed to actual insight. Obviously, not everything they say is wrong but we need to exercise caution and take their advice with a grain of salt. Also check out John Oliver's piece [2] and the book - "When McKinsey Comes to Town" [3] - if it floats your fancy.
[1] - https://youtu.be/HZcXup7p5-8?t=1880
[2] - https://www.youtube.com/watch?v=AiOUojVd6xQ
[3] - https://www.goodreads.com/book/show/60644838-when-mckinsey-comes-to-town
I recommend reading Doomberg, Robert Byrce, and Alex Epstein's Substacks about the energy transition. Always remember that ESG is a demoralized CCP-style social credit score system. Anyone who works in ESG is a mid commissar: https://yuribezmenov.substack.com/p/how-to-raise-your-esg-score