How the World Really Works: The Science Behind How We Got Here and Where We're Going
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Modern history can be seen as an unusually rapid sequence of transitions to new energy sources, and the modern world is the cumulative result of their conversions.
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Danyang–Kunshan Grand Bridge
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common perception, only about 18 percent of the global goods trade is now driven by lower labor costs (labor arbitrage), that in many chains this share has been declining
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throughout the 2010s, and that global value chains are becoming more knowledge-intensive and rely increasingly on highly skilled labor.
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As a result, even a tripling or quadrupling of the recent pace of decarbonization would still leave fossil carbon dominant by 2050.
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While it has been possible to replace a billion landlines by mobile phones within a generation, it will not be possible to replace terawatts of power installed in steam and gas turbines by photovoltaic cells or wind turbines within a similar time span.
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These realities help to explain why the fundamentals of our lives will not change drastically in the coming 20–30 years, despite
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Steel, cement, ammonia, and plastics will endure as the four material pillars of civilization; a major share of the world’s transportation will be still energized by refined liquid fuels (automotive gasoline and diesel, aviation kerosene, and diesel and fuel oil for shipping); grain fields will be cultivated by tractors pulling plows, harrows, seeders, and fertilizer applicators and harvested by combines spilling the grains into trucks. High-rise apartments will not be printed on site by gargantuan machines, and should we soon have another pandemic then the role of the much-touted artificial ...more