"A report from the International Energy Agency (IEA), published last week, claims that the world will reach peak demand for oil, coal and gas by 2030. This has been seized on by the likes of the World Economic Forum as proof that we’re about to enter a brave, green future, free of evil fossil fuels.
"But other developments this month suggest otherwise. At the same time as the IEA and the WEF have been heralding an imminent end to fossil fuels, Germany has been firing up an extra coal facility, energy giants Exxon Mobil and Chevron are doubling down on their fossil-fuel businesses and the wind-power industry has been begging governments for more subsidies and bailouts.
"It is difficult to avoid the conclusion that those anticipating an imminent decline in fossil-fuel use are indulging in wishful thinking. This is largely because they are ignoring the huge geopolitical changes the world is now undergoing. The fact is that global energy markets have been fundamentally transformed after the Russian invasion of Ukraine. It means that governments and nations are now putting energy and national security above concerns over climate. ... [In short, g]eopolitical conflict has exposed Net Zero as a fantasy. ...
"Across the world, there’s little sense that fossil-fuel use will be in decline any time soon. ... Even the most ardent environmental zealot will soon have to reckon with the new geopolitical reality. After all, if Greens in Germany’s governing coalition can be convinced to defend coal plants, there’s every chance American politicians will soon be encouraging fracking and drilling from Alaska to Texas.
"Those who think the world will soon be doing without fossil fuels need to get real. Far from entering terminal decline, fossil-fuel use is set to scale new heights."~ Ralph Schoellhammer, from his post 'Why fossil fuels are here to stay'
Tuesday, 31 October 2023
"Those who think the world will soon be doing without fossil fuels need to get real."
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