Elon Musk unveils Tesla 'Master Plan' to provide cheaper 'energy for all of Earth'
Tesla
could soon help provide "sustainable energy for all of Earth", using green technologies like heat pumps Speaking during an Investor Day event at the Tesla Gigafactory in Texas, US, the billionaire CEO revealed his "Master Plan 3", highlighting his plans for a "fully sustainable earth". As part of his plan, Tesla will lead the global effort to end the use of fossil fuels like oil and natural gas bringing about a transition to a "fully sustainable Earth".
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This comes as the world grapples with an unprecedented fossil fuel energy crisis, the wholesale cost of gas has soared to unprecedented levels, leaving billions around the world struggling to pay for gas and electricity.
At the event, Mr Musk highlighted various solutions to the energy and climate crisis, as his Master Plan includes an acceleration of renewable energy, more electric vehicles, and installing heat pumps in homes and buildings.
The Tesla CEO also spoke about using high-temperature heat delivery and green hydrogen for industrial applications, along with planes and boats powered by hydrogen and electricity, in a bid to create a sustainable energy civilization.
Tesla estimates that globally it will take around $10trillion in investments to help make this dream a reality, with Mr Musk adding that its not a big number relative to the global economy.
Elon Musk unveils Tesla 'Master Plan' to provide 'energy for all of Earth' with heat pumps
(Image: GETTY)
Tesla's plan includes renewable energy and heat pumps
(Image: Tesla)
He said: If you look at the total world economy, its just under $US100 trillion. So if this was spread out, say over 10 years, it would be 1 percent of the global economy. Over 20 years, it would be half a percent, very doable.
There is a clear path to sustainable energy on Earth. It doesnt require destroying natural habitats. It doesnt require us to be austere and stop using electricity and sort of be in the cold or anything.
The world's richest man also shattered some common myths about renewable energy, saying that it would require only about 0.2 percent of the Earth's surface to produce 30 terawatts of wind and solar needed to power the global economy.
Tesla executives also claimed that achieving this dream would not require them to mine a significant amount of ore, and would require less mineral extraction, not more.
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Thursday, March 2, 2023 at 6:51 pm