Part 2/10:
Fast forward to 2021, the expenditures of the United States on energy totaled an astounding $1.3 trillion, accounting for 5.7% of the nation’s GDP. The average American household found itself paying approximately $6,888 in utility bills annually, alongside nearly $2,100 on gas, a significant financial burden, especially against the backdrop of an average salary of just over $59,000. Such statistics highlight the pressing question of how energy solutions for the future will be financed, especially considering the projection of a staggering $196 trillion in spendings required by 2050, particularly in investments categorized under electric vehicles, low carbon power grids, and sustainable materials.