'How Many Degrees Will Global Decrease As A Result Of Moving To Net Zero?': Mike Lee Grills Granholm

secretary gril demand for electricity is is soaring it's it's skyrocketing in fact um this is happening for a number of reasons including uh due to the emergence of AI of data centers uh semiconductor U reshoring plant Tech manufacturing and of course electric vehicle use uh a recent New York Times report addressed this issue and and estimated that electricity demand from data centers alone without taking into account any of those other factors is going to Triple by 2030 just in the last in the next six years using as much power as 40 million homes now nerk has sounded the alarm and nerk sounded That Alarm by by uh um uh you know regarding the this pending um uh reliability crisis uh that's that's coming due specifically to the lack of electricity Supply demand is soaring and it's soaring at the same time when the premature retirement of coal fired uh Power Generation units is happening and it's happening without replacement dispatchable generation capabilities and so these factors have led to an overreliance on sources like wind and soul solar uh sources that well clean are entirely weather dependent and uh can't give us a a source of Base load energy Supply grid scale battery technology is often touted as the answer to this but of course grid scale uh Battery Technology is nowhere close to being ready for deployment and use so Madame secretary do do you dispute nk's findings on this or or is it true that we have a reliability crisis looming we certainly have a looming demand for energy crisis and nurk I think uh put 91 gws uh to that by 2033 that we would have to add to account for the increase in demand okay now in the meantime um I'd like to get a yes or a no answer out of this one if you if you can yes or no does the Biden Administration support a transition to Net Zero yes okay now look the basic laws of supply and demand tell us that if we don't get our act together we'll see rolling blackouts across the country uh and yet you continue to advocate for a transition even a rapid transition to Net Zero according to a a uh report compiled by McKenzie and Company in 2022 quote Global spending on physical assets on the course to Net Zero would need to reach about $275 trillion by 2050 or or 9.2 trillion per year on average now this factor of course doesn't consider the economic Ripple effects uh that would stem from more expensive energy and energy being made less reliable and one also has to consider the impact of lost jobs uh related to those same factors it's fair to say that a net zero transition is going to require enormous Sacrifice by American families with lowincome households being hit the hardest this is deeply concerning to every American ought to be concerning to uh to to Americans of every background of every political stripe but more than anything this is this isn't so much about left versus right Democrat versus Republican as it is uh Rich versus poor Rich folks can handle significant increas in the price of energy poor folks can't especially when they find that increases in the price of energy spill over into literally everything they buy into everything that they do and when you're living at the at the margins like that you you're not going to be able to handle that so Madam Secretary if the United States um consistent with your Ambitions with your plans with the the Ambitions of of the Biden Administration if it completely transitions over to get to Net Zero exactly how many degrees will global temperatures decrease as a result of moving to Net Zero well we want to keep global temperatures from rising more than one and a half to two degrees The Net Zero is by 2050 so there is time to be able to get there if we see temperatures Rising greater than that of course the costs for poor people and for people over all because of these extreme weather events will be uh catastrophic okay uh but let's get back to my question if we get to Net Zero when we get to Net Zero should we get there at some point if we get there what impact will that have on global temperatures as I say we the the the striving to Net Zero is to prevent the temperatures from rising um more than one and a half to two degrees yeah still not the answer to the question the the question is what impact is that going to have we've just talked about the fact that it's going to cost $275 trillion dollar to get there and we've talked about the fact that it's going to cost the global economy uh you know nine or 10 trillion dollars a a year in in order to get there so what does that bias what does that do now you're saying yes we're trying to not have temperatures increase more than the defined amount that you just described but what impact does this this half what does it do for global temperatures if we get to Net Zero perhaps I'm not understanding your question I think I have answered that and the whole point is to prevent these extreme and accelerating weather events we have had year after year of record heat we've had year after year of increased extreme weather events just in this country look I I understand the Biden administration's affinity for blaming everything including bad weather on rep Republicans and on climate change which they always associate together and I fail to understand how you can definitively say that a complete transition to Net Zero is necessary when you you don't even know the impact that it would have on global temperatures you can't tell me sitting here today what it's going to do you tell me what you fear might happen if we don't do that you tell me that you think temperatures will increase less if we do do this than if we don't uh but I I I don't I don't get this especially when if what you're talking about is um you know a a large number it would seem fible and not backed up if it's a smaller number it could be dismissed as a rounding error and meanwhile you're talking about completely changing the global economy and given the way the United States tends to honor its legal obligations and its commitments more than other countries do we can rest assur Ed that it's going to cost the United States a lot more money than it is going to in a lot of places meaning poor and middle class Americans will suffer by far more than anyone and everyone else I find this completely unacceptable this is reverse Robin Hood he's talking about stealing from the rich stealing from the poor to give to the rich nobody supports that and we can't endure it America's poor and middle class certainly shouldn't have to shoulder this burden Senor HOV thank you Mr chairman uh thank you secretary for being here today one

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Length: 8min 5sec (485 seconds)

Published: Tue Apr 16 2024