The first chapter, the first big lesson for us, is to understand what economists call the learning curve of a new technology. Theodore P. Wright was an architectural engineer with an inquisitive mind. Everyone knew that costs decrease as production increases but he wanted to know if there was a pattern that could predict it. The principle is rooted in economy of scale.
Wright eventually found that as production doubles, the cost of labor decreases by 20 percent. Production becomes more efficient as workers find better ways to do things and technology is improved. This formula is Wright’s Law.
In a graph of the production and cost of making the Model T Ford, Wright observed something else: as demand by the public grew, cost of production decreased and thus the price to the consumer. One drives the other.
When you plot the production by cost, you are measuring another principle that the business world knows well for any new product: the learning curve. The company and workers learn more efficient ways of making something further driving down the price.
An important idea is that the reverse is also true: if a new technology is left to linger, i.e. production is slow due to lack of demand, then the cost of production will not decrease and the potential will die.
It is not time that drives the learning curve, it is the amount of production.
Citizens can drive the learning curve for renewable energy to reduce humanity’s footprint on the Earth. We are not passive bystanders waiting for businesses and government to figure out how to make cheap EVs: we have to drive it with demand for it. And, the IRA funding will be available to you and your family or business to do just that! Go here to learn about the tax and price incentives available to all of us on January 1, 2023 and for the subsequent decade!
Last night the City Council passed a resolution to establish a Climate Change Mitigation and Adaptation Task Force.
This has been over a year in the making. Introduced by Councilwoman Sherri Myers, and spearheaded by 350 Pensacola, the resolution was unanimously adopted as council members observe the impacts of a changing climate on our land and waters.
This is a huge victory for Pensacola. Experts agree that cities are the centers of climate change mitigation, having the most control over how their city handles its emissions, energy efficiency, and citizen participation in reducing its emissions footprint while innovating to improve quality of life. These strategies include green building, slowing traffic, improving public transportation, walking and biking lanes, and supporting local business. Making sure we protect water quality, build environments that reduce heat, embellish the natural environment, and enable all citizens to participate will be the concerns of this task force.
All these initiatives create jobs, save money, and set up the city to receive funding from foundations, state and federal agencies that are pouring more money into climate mitigation programs.
Challenges are: 1) the Mayor has not shown interest in the Task Force; 2) the State of Florida lacks leadership from the Governor and legislature to enact the policies and support to truly help cities make the energy and infrastructure changes that are necessary to become truly climate adapted. Citizen participation is crucial to bring leaders and experts to the task. Check the City Council site to get to meetings and to contact council members to express your ideas. Write Mayor Aston Hayward to express your desire that he become an active participant with the Task Force.