📊 What is impact, and how is it quantified? Why are 87% of clean energy projects severely delayed or failing? If current electricity consumption is 4000 TWh/year, what will it be in 2050 (hint: a lot more)? What is the biggest challenge in decarbonizing that increased demand? And what is BioZen's possible impact?
For answers, we're bringing back our guest from Episode 4, Dr. Daniel Howard, CEO and cofounder of Quantum Energy Inc, to join BioZen Batteries' CEO Nate Kirchhofer. Daniel, and Quantum, is a big advocate for standardizing the way that impact is quantified through industry-standard lifecycle assessments (LCA). Ultimately, this enables data-driven evidence to justify permitting and policy decisions in an otherwise murky benefits-vs-negatives ecosystem.
"Oftentimes those overlooked costs, i.e. the [environmental and health] externalities, can be far larger than the infrastructure costs. And simply by quantifying them and including them in our decision making frameworks, we can make decisions that have much better impact and much lower total costs for everyone—and help to create a society, and ideally a new iteration of capitalism, that's more equitable and more sustainable," says Daniel.
BioZen also contracted Quantum to run an impact analysis for our technology (read the article here), so stick around to hear Daniel summarize the results of that analysis, and think about how you can apply this to your clean technology!
Recorded 16 May 2024.
[BioZen Batteries produces this show as part of the Clean Power Media Group at cleanpower.media. If you would like to interact more, please send us an email at hello@biozenbatteries.com, write a comment, like, follow, share, or even leave us a voice message on your favorite episodes. If you like what we do, please consider a monthly contribution.]