. Electricity is also subject to less price volatility than fossil fuels because there are so many ways to produce it. Like all good investments, it’s diversified.The US electric mix currently includes 10% wind, 5% solar, 8% hydro, and 20% nuclear. Carbon-free power now makes up almost 45% of our electricity mix, up from around 30% a decade ago.Emissions from electricity in the US declined by
from their peak in 2008 to 2020! This is due to growth in renewables and the fact that even our fossil fuels have gotten cleaner.Energy Information Exchange, preliminary data for 2021. Electricity emissions fell from 2,500 million metric tons to 1,500 million metric tons in 12 years according to theThe rapid decarbonization of electricity is some of our most hopeful news, but we can’t rest on our laurels, as we’ve still got a long way to go. We need to phase out natural gas as a source of electricity and close remaining coal plants as quickly as possible.
And where we get excited is that for the first time in the history of electricity production, individuals can produce the very energy their homes and vehicles need to operate. Solar, and to some extent wind, allow people to take part in the energy transformation in ways that previous, centralized sources of electricity never allowed.
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